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Simon, Fitzgerald, Cooke, Reed and Welch
Simon Fitzgerald, LLC
Louisiana’s Oldest Bankruptcy Law Firm
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February 2019 Archives

Debt relief: Payless files Chapter 11 bankruptcy

Louisiana consumers who like to buy nice looking shoes for low prices often shop at Payless. The discount shoe mogul has stores spread across the country. However, financial crisis has been a main theme in the store's recent past and, apparently, the present as well. In fact, the company is seeking debt relief in the form of Chapter 11 bankruptcy.

Debt relief issues: What prompts bankruptcy most often?

In Louisiana and most other states, the global, national or local economy can have a significant impact on the financial stability of individual households. Most people would agree that they have enjoyed financial gain and have also waded through some rough financial waters through the years. The latter can take a heavy toll, often leaving those afflicted in need of immediate debt relief.

Rebuilding your credit after bankruptcy is possible

One of the biggest concerns that many people have when they consider filing for bankruptcy is the impact it may have on their credit score and their ability to borrow in the future. Choosing to use bankruptcy is not something that any person should take lightly, but it is important to understand that the law looks at bankruptcy as a tool individuals can use to find debt relief and give themselves a fresh financial start.

When credit card debt threatens financial stability

Many Louisiana residents are doing their best to stay afloat financially. Any number of circumstances can cause difficulty just to make ends meet. It can be tempting to swipe a credit card when cash flow is short; however, this often sparks credit card debt that winds up making one's overall financial situation worse.

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