Tag Archives: Bankruptcy

The Austin Trail of Lights is Back!

Austin’s Trail of Lights returns this year after a two-year absence, according to the Austin American-Statesman. Admission is free. The event, which is now being funded by donations from community members and area businesses as opposed to the previous, city-funded … Continue reading

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Former Ball Player Sentenced for Bankruptcy Fraud

Former Major League Baseball player Lenny Dykstra has been sentenced to 6 ½ months in prison because he hid assets from his bankruptcy trustee, according to the Austin American-Statesman. The former ballplayer, who spent 12 years playing for the New … Continue reading

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Income Dropping for Older Americans | Dripping Springs Bankruptcy Attorney

A report in the Austin American-Statesman indicates that Americans nearing retirement age may have been more adversely affected by the economic difficulties of recent years than many others. In addition to the downturn of the housing market, household income has … Continue reading

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Student Loan Defaults Rise | Dripping Springs Bankruptcy Attorney

About 750,000 people defaulted on student loans in 2011, according to a report by CNN. With over 4.1 million borrowers, that represents about 9.1%, up from about 8.8% in 2010. To default in this case means to neglect to make … Continue reading

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Identity Theft Protection for Students | Dripping Springs Bankruptcy Attorney

Kiplinger’s is reporting on the importance of teaching your college-aged children to protect themselves against identity theft. As the school year ramps up, and millions of teenagers go off to college to live away from the relative security of home … Continue reading

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Parents Monitor Student Credit Card Use | Dripping Springs Bankruptcy Attorney

Since the Credit Card Act made it more difficult for people under age 21 to get credit cards a couple of years ago, parents effectively have more of a say in credit decisions for their college-aged children, according to a … Continue reading

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Octomom Bankruptcy Case Dismissed | Austin Bankruptcy Lawyer

According to the Statesman, the bankruptcy case filed by Nadya Suleman, the woman who gained pop culture status as the “Octomom” was thrown out by the judge after she failed to file paperwork in a timely fashion. She had filed … Continue reading

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Jensen Farms File Chapter 11 | Austin Bankruptcy Attorney

Jensen Farms, the Colorado farm that was blamed for a Listeria outbreak in 2011 has filed for bankruptcy protection under Chapter 11, according to the Statesman. 32 deaths and 146 infections were blamed on cantaloupe from Jensen Farms, which is … Continue reading

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Residential Capital Files for Chapter 11 Reorganization – Austin Bankruptcy Attorney

USA Today reports on a Chapter 11 bankruptcy filing by Residential Capital, sometimes known as ResCap, which is Ally Financial’s mortgage business. Ally Financial received a $17.2 million bailout, which helped it survive the economic downturn, but now ResCap is … Continue reading

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