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Simon, Fitzgerald, Cooke, Reed and Welch
Simon Fitzgerald, LLC
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November 2017 Archives

Hot yoga founder seeks debt relief amid several legal battles

Many Louisiana business owners know what it's like to face serious financial crises. Sometimes, poor spending habits or mismanagement of company funds creates economic hardships that are difficult to resolve. Other times, the current state of an economy negatively impacts business owners and private citizens in a particular region. Then again, some business owners seek debt relief when they come upon hard times financially during legal battles associated with their businesses.

Support available for those facing credit card debt problems

It's not uncommon to fall upon difficult financial times at some point in life. In fact, most Louisiana residents would likely say they have overcome a significant challenge or two in their lifetimes. One of the most pervasive problems facing many people today relates to finances and, more specifically, credit card debt. Owing too much on credit cards can threaten your overall financial stability and lifestyle.

Don't let credit card debt impede your future financial stability

Many people in Louisiana make most of their larger purchases (i.e., homes, cars, vacation property, etc.) via charge accounts. It's understandable since the average person doesn't have a quarter of a million dollars lying around to buy a house in cash. Occasionally charging things is a good way to build up a credit score as well. The problem is that it's easy to go from "occasionally" to "usually," and before you know it, you're facing serious credit card debt.

Movie filtering company files for debt relief to protect itself

VidAngel is a movie filtering company that offers its customers a specialized service that allows them to remove unsavory language or scenes from already existing films on major venues, such as Netflix, Amazon and other video streaming sites. VidAngel says it currently has millions of dollars in the bank. Some Louisiana readers may wonder, then, why the company has filed for debt relief protection.

Beware of debt relief scams

When Louisiana residents or others fall upon hard times financially, they may feel overwhelmed and desperate for help. The problem is, not everyone knows where to find legitimate debt relief assistance. In fact, many pursue what they believe to be valid avenues offering financial help only to later learn they have been scammed.

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