When you file your bankruptcy petition, you must sign all the forms. A signature serves a variety of purposes within the bankruptcy process. The United States Bankruptcy Court Eastern District of Texas explains your signature on the bankruptcy petition is an oath that...
Smith County Bankruptcy Blog
What does your credit utilization rate say about your finances?
Nowadays, many individuals use credit cards to pay for rent, groceries and other essential items. This makes sense, as four out of every 10 Americans simply do not have even $400 in savings. While reaching for your credit card can be beneficial, using it too often may...
Is this debt collector misrepresentation?
When you fall into debt, it can feel like the whole world is out to get you. These feelings only get exacerbated by the debt collectors who toe the line and cross over from persistence into harassment. But did you know that you have other protections under the law...
What to look for in a bankruptcy lawyer
Many individuals struggling financially find that bankruptcy changes their lives and enables them to move forward. Some wonder why they failed to act sooner. An experienced bankruptcy lawyer helps overcome the fear often associated with filing and assists in obtaining...
How will the FRESH START Through Bankruptcy Act affect student loan debt?
While bankruptcy allows you to discharge many types of debt, student loan debt is usually left out of the equation. According to Insider, a recently proposed bill aims to change the way bankruptcy courts handle this type of debt. The FRESH START Through Bankruptcy Act...
Will I lose my home if I file for Chapter 7 bankruptcy?
Your home can offer you and your family a great deal of stability. However, when people have struggled with debt and wonder whether bankruptcy can offer relief, it can leave them wondering whether they will lose their house in the process. Will you lose your house...
The options when debt spirals out of control
When you find yourself in a difficult financial situation, it is important to understand your options. Before you gain a sense of clarity, it is not uncommon to let your worries spiral out of control. In this way, you can actually make the situation worse than it is....
Should I seek a quick exit from Chapter 13 bankruptcy?
If a court approves your Chapter 13 bankruptcy filing, you will have three to five years to complete a repayment plan that will pay off a significant amount of your debts. But you may wonder if you should try to complete your bankruptcy ahead of schedule. Since...
Exempt assets under bankruptcy law
If you are planning on filing for Chapter 7 bankruptcy, you may be wondering if you get to keep any of your assets or if you have to give up everything. Fortunately, there are some assets that the court considers to be exempt, which means you can hold on to them....
What assets can I keep after filing Chapter 7 bankruptcy?
If the fear of losing assets is preventing you from filing for Chapter 7 bankruptcy while keeping you drowning in debt, it may be time to reconsider the facts. Many people avoid filing for bankruptcy due to the common misconception that it will automatically lead to...
