Income Does Not Mean Immunity from Bankruptcy

We all read the newspapers, and we all know how much high-level professional athletes are paid.  But underneath those oversized paychecks and oversized bodies, many of these men struggle with debt just like the rest of us.   Sometimes the issue is a lack of...

The .44 Magnum

Here’s an investment tip you can find exclusively at dallasbankruptcy.com: never invest in a fund named after a firearm. At first blush, Darlene Bishop’s Leveraged Financing seemed very attractive.  It promised to quadruple a $44,000 investment in less than two...

^?#$%! and the Mortgage Crisis

A note to the loyal readers of this blog (all three of you): the following post is rated PG-13. We all have not-so-fond memories of the mortgage crisis.  Home values collapsed, the investors who bought these mortgage-backed securities blamed one another, and Uncle Sam...

Addicted to Debt

For those of us who may have been living in a cave, here is the latest financial news: the United States government has a debt problem.  In fact, one prominent bond manager says that the United States is addicted to debt.  “The U.S., in fact, is a serial offender, an...

Addition and Subtraction

Bank of America recently announced that it would be forgiving the second mortgages of some 150,000 “pre-qualified” homeowners.  Of course, this is fantastic news if you are one of the bank’s hand-picked distressed borrowers.  But what if you were not lucky enough to...