Category Archives: Credit Cards

North East Texas Bankruptcy Lawyer: Bankruptcy Overview-A Plan To Pay Creditors, Discharge Debt And Stop Forelcosure And Repossessions

By North East Texas Bankruptcy Attorney Brian Allen.  Bankruptcy law allows a debtor, who is unable to pay his creditors, to file for bankruptcy protection to stop creditors from collecting from the debtor and the debtor’s property (foreclosure, repossessions).  Chapter 11, 12, and 13 provide for the development of a plan that allows the debtor time […]

Credit Card Debt Calculator

If you are having trouble determining if you even have a chance of buying yourself out of your credit card debt, I suggest you try the Credit Card Debt Calculator.  You can see it and use it by CLICKING HERE.
For example, I went to this calculator, stated a credit card balance of $10,000.00, at 18% […]

12 Misconceptions About Bankruptcy

MSN Money lists the 12 Myths About Bankruptcy. They are:
1. Everyone will know I’ve filed for bankruptcy. Unless you’re a prominent person or a major corporation and the filing is picked up by the media, the chances are very good that the only people who will know about a filing are your creditors. […]

Did The Business Press Fail You In Regard To The Credit Card Industry?

The Columbia Journalism Review, a respected publication, certainly thinks the press failed you.  It reports that the business press missed a body of work, compiled by nonprofit groups, academics, documentarians, and others, that marshaled data to make visible a dramatic qualitative and quantitative shift in the relationship between the credit-card industry and its customers that […]