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February 2015 Archives

An overview of debt-to-income ratio

For most Americans, the balance between the amount of income they earn and the amount of debt they owe is a delicate one. Many people are able to manage this balance in a healthy way, never taking on more debt than they can reasonably be expected to pay back in short order. Others, however, are not so fortunate. Oftentimes, due to unforeseen events and reasons, leave them with poor credit and no way to increase their income.

Electronics giant RadioShack pursues business bankruptcy

When the decision makers at a company decide to file for Chapter 11 bankruptcy protection, the decision is often made only after a string of bad years, coupled with every effort to turn things around. For the well-known electronics company RadioShack, that certainly appears to be the case.

How do personal injury settlements fit into a bankruptcy filing?

Most of our Escondido readers are probably familiar with the saying "when it rains it pours." The meaning of this saying is generally to convey that when someone is facing difficulties in life, it seems like it is one thing after another going wrong. Each year hundreds of thousands of people throughout the country file for bankruptcy as a way to address their financial problems. And, millions more are involved in personal injury incidents that leave them dealing with health problems and then filing a lawsuit against a negligent party. If a person is facing both of these issues at the same time, the results can probably be maddening.

Making the right choice about bankruptcy as a married couple

Like it or not, we all have to make difficult decisions at some point in life. Whether it concerns our health, our family or our finances, most people will take the time to talk with someone they trust before they come to a final decision. For married couples, things a bit easier, as a husband and wife can openly discuss the problems they are going through and come to a decision that they both agree is the best approach going forward.