Many people in and around Tyler wind up looking at bankruptcy as a means of debt relief. While oftentimes this is because of a job loss, a medical emergency or another sort of financial crisis, in many other cases, it is because a Texan decided to try her hand at a...
Smith County Bankruptcy Blog
Getting a fresh start through bankruptcy
Over the last 15 years or so, many Texas residents have most likely gone through quite a few “ups and downs,” particularly when it comes to personal finances. From a housing market collapse to a so-called “Great Recession” to a skyrocketing stock market and, finally,...
Bankruptcy does not mean the end of your home ownership dreams
The dream of owning a home is something that many people have in Smith County. But for some people, the dream may feel like it never will come true. Sometimes people hit a point in their lives where their only option is bankruptcy. This does not make them bad people;...
Nervous about the meeting of creditors? Don’t be!
If you’re suffering from crushing debt and considering seeking the relief that personal bankruptcy can provide, then you’ve probably got a lot of questions about the process. There are a number of steps involved in the bankruptcy process, and understanding them can...
Bankruptcy facts
There may not be any options when consumer debt becomes uncontrollable. Bankruptcy may be the best way to seek a fresh financial start. Statistics compiled by Research help illustrate how bankruptcy is used in this country. Loss of income was cited as the most common...
What kinds of debts cannot be discharged in bankruptcy?
Most people who live in and around Tyler give consideration to filing a bankruptcy petition because they believe that their debts will be discharged and that they will be relieved of the obligation to repay those debts. While this belief holds true for many types of...
Ways Chapter 13 bankruptcy may help with foreclosure
This blog recently discussed the different types of foreclosure so it is also helpful to understand how bankruptcy protections may be able to help struggling homeowners who are facing foreclosure. Chapter 13 bankruptcy is a bankruptcy protection option that can...
How Chapter 7 bankruptcy can protect the filer’s property
Chapter 7 bankruptcy provides options to protect some of the property of the party filing for bankruptcy. This can help Chapter 7 bankruptcy filers rest a little easier that they will not have to start over after the bankruptcy process is complete but will be able to...
What are the different types of foreclosure that exist?
Financial hardship can strike anyone at any time. You may experience a death in the family, loss of a job or medical issues. One of the biggest issues that most Texas homeowners face when they hit on hard times is how to pay for their mortgage. If they're not...
Study: Bankruptcy unlikely to affect employment
When people in Texas are dealing with insurmountable debt, collection calls or lawsuit threats, they may not be sure which step to take. Bankruptcy may provide debt relief, but many people are worried about filing because they are concerned about potential other...
