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Advice on Student Loans

Published February 11, 2019 by Erin B. Shank

You know, one thing that’s really affecting a lot of people is student loans. I’m going to another conference about student loans. They’re not dischargeable in any bankruptcy, but I always give my clients some non-bankruptcy advice about student loans….

Founder of Barnum & Bailey Circus Overcame Financial Struggles through Bankruptcy Filing

Published March 8, 2016 by Erin B. Shank

Recognized as one half of the most famous and recognizable Circus in the United States, if not the world, P.T. Barnum actually began his career in the publishing industry in Connecticut. In 1834, Barnum moved to New York City and…

Actor Burt Reynolds Overcomes Debt with Bankruptcy Filing

Published January 11, 2016 by Erin B. Shank

Born in West Palm Beach, FL to a local sheriff, actor Burt Reynolds got his start in the film industry as a stunt man, but made a name for himself as an actor in the 1972 hit Deliverance. After this film, Reynolds’…

Larry King’s Early Career Financial Struggles

Published December 2, 2015 by Erin B. Shank

Although Larry King is now a household name, the famous talk show host almost ruined his broadcasting career in the late 1970s when he found himself faced with considerable financial struggles. As King began to gain some name recognition for…

American Credit Card Debt Averages for 2015

Published October 20, 2015 by Erin B. Shank

Americans are dealing with extreme amounts of credit card debt, according to a recent article by Tim Chen of When only indebted households were considered, the average credit card debt was $15,706. This number decreases to $7,327 when all American households…

Exemption For Personal Property Increased in Texas

Published September 30, 2015 by Erin B. Shank

Many individuals expect that they will lose a majority of their property if they decide to file for bankruptcy. However, in a recent amendment to Section 42.001(a) of the Texas Property Code, the exemption for personal property has been increased and…

NACBA Supports Bill That Would Require Banks to Update Discharged Debts

Published August 20, 2015 by Erin B. Shank

Newly introduced legislation, known as the “Consumer Reporting Fairness Act,” has recently gained support from consumer advocates, as well as the National Association of Consumer Bankruptcy Attorneys (NACBA). The bill, proposed by a number of senators, would require banks to…

Understanding “Charged Off” Debt

Published July 27, 2015 by Erin B. Shank

When some of your old debt has been changed on your credit report to ‘charged off,’ don’t get too excited. Although it may sound like you are suddenly debt-free, that unfortunately isn’t the case. What it really means is that…

The Dangers of Reverse Mortgages

Published July 9, 2015 by Erin B. Shank

Reverse mortgages are often used by retirees who have not saved enough or do not receive enough from Social Security to be able to live comfortably during their retirement years. Many do not save enough because they think of their…

Bikers Arrested in Twin Peaks Shooting May Face Financial Difficulties

Published June 24, 2015 by Erin B. Shank

In addition to pressing legal concerns, many of the bikers who were arrested at the scene of last month’s Twin Peaks shooting may soon find that they also have to contend with serious financial hardships. Many of these individuals have…

Associations & Awards
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  • Preeminent Award | Erin B. Shank
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