by Chris Ebert | Feb 18, 2012 | General
Ten years ago, when he was just staring out, Dallas resident Steve had a good income, a good credit score, and a mailbox full of credit card offers. Bankruptcy was something that never crossed his mind. Now, due to the economy, Steve has a lower income, a lower credit...
by Chris Ebert | Feb 18, 2012 | General
Since this is a bankruptcy law firm, you might expect our answer to be “yes”. But a better answer is “maybe”. Most people in the Dallas area are struggling to manage their debt, to one degree or another. Some of your neighbors are facing repossession, foreclosure, or...
by Chris Ebert | Feb 18, 2012 | General
Ellen graduated from dental school in 2002. She acquired a mountain of debt, over $100,000, but her Dallas-area dental practice enabled her to pay the bills with some money left over. But two years ago she hurt her hand, had to give up her dental practice, and found...
by Chris Ebert | Feb 18, 2012 | General
Jim and Susan own and operate a small medical supply business in Dallas, Texas. In 2008, they purchased a $200,000 home using an 80/20 mortgage with an adjustable interest rate. Four years later, the value of their house has dropped to $150,000, their monthly payment...
by Chris Ebert | Feb 18, 2012 | General
Like many people in Dallas, Greg bought a house in 2007 for use as a rental property. The property was purchased with an 80/20 balloon note, and the mortgage broker assured him that he could “just refinance the house” if the monthly payments became unmanageable....
