I don’t want to sound the alarm too soon; but the road to municipal bankruptcy usually begins with small things, like the city’s recreational facilities facing budget shortfalls and closure.  Unfortunately, Fort Worth, like many other municipalities around the country has suffered tax revenue declines caused by the battered economy and now they may need [...]

The Star-Telegram has announced a free foreclosure prevention workshop.
Date: Saturday, November 7, 2009.
Time: 9am – 2pm
Location: Dallas Convention Center, 650 S. Griffin St.
The workshop is designed to help homeowners facing foreclosure discover their options for preventing foreclosure.  Homeowners will also have an opportunity to meet with their mortgage servicing company and/or a housing counselor to [...]

When debtors consider filing bankruptcy, they need to make sure that they plan carefully and work with a qualified bankruptcy attorney to make sure they are doing everything within the law.
Here’s what you should do to prepare for your bankruptcy:

Gather all of your financial documents. That includes pay stubs, creditor [...]

The recession has been hard on retirees for a number of different reasons, but at least they have a good option to turn to.

According to an article in Newsweek, the “over-55 crowd” is now the most likely to file for bankruptcy.  A confluence of events lead to this, and here are some of the causes: [...]

Domestic abuse on the rise in Dallas-Fort Worth Area

Even under the best of circumstances, things happen that can strain the best of marriages.  The recession hasn’t helped the strain.   Most news reports focus on debt relief as some type of numbers game…what you have to do to get out of debt and a bottom line [...]

According to an article in the Dallas Morning News, the foreclosure crisis is still depressing Dallas-Fort Worth home prices, which have decreased 1.2 percent in August from a year ago.  Many analysts are considering that an improvement. However, before the foreclosure crisis, Dallas-Fort Worth home prices had reached their peak in June 2007 and have [...]

For debtors considering Chapter 7 bankruptcy, determining if their income level makes them eligible for Chapter 7 bankruptcy involves taking a “means test.”  Typically, debtors who earn above the median income level for their family size must file Chapter 13 bankruptcy.
The median income for Texas is:
One person: $38,545
Two people: $54,908
Three people: $57,053
Four people: [...]

According to an article in the Star-Telegram, the number of foreclosures in Tarrant County have increased by 35 percent since November 2008.
The article said:
“At this pace, and with only December’s postings remaining to be filed, I fully expect D-FW residential postings for 2009 to top 60,000, which will be an all-time record high,” Roddy said [...]

Most debtors who file bankruptcy are in a tough spot when it comes to their cars.  Most of the time debtors who owe more on their cars than they’re worth and really don’t have room in their budget for a car payment still need a car to get to/from work.  So what is a debtor [...]

According to an article in the Dallas Morning News, Dallas-Fort Worth’s commercial real estate industry may face another year of foreclosures as more properties lose value and financing.
The article said:
“The vast majority of buildings bought after 2005 are absolutely not worth the debt,” said Paul Whitman, president of commercial real estate firm Jones Lang [...]

According to an article in the Dallas Morning News, more than 250 Dallas-Fort Worth area commercial and investment properties are facing foreclosure in October. The properties have more than $400 million in debt attached to them and included in the foreclosure filings are several large developments.
The article said:
“The just-completed Two Addison Circle office building on [...]

According to an article in the Dallas Morning News, the number foreclosures scheduled for next month in the Dallas-Fort Worth area  increased by 34 percent from a year ago.
The article said:
“Much of the increase is due to loan modification programs, which have delayed foreclosures from previous months. Almost 6,000 homes are scheduled to be [...]