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Bankruptcy
Houston, Texas, 77036
In the past decade, our country has experienced great economic upheavals affecting many honest people. Prices of commodities, such as gasoline, have risen significantly. Home prices rose and then fell, leaving many homeowners with “negative equity” (owing more than their homes are worth). Layoffs and a lending crisis that affected many businesses compounded the problems.
In fact, however, financial troubles have struck many people both in times of plenty and in times of recession. Medical bills, divorce, business failure and dramatically rising interest rates on credit cards have forced many debtors to consider Chapter 7 or Chapter 13 bankruptcy as an option, regardless of the state of the economy overall.
