There are two ways your bankruptcy case may end. The court can either dismiss it or discharge it. According to the United States Courts, the goal should be a discharge because this means the court accepts your bankruptcy case and forgives your debts. A dismissal...
Smith County Bankruptcy Blog
Should you reaffirm your debt during bankruptcy?
If you are struggling with overwhelming debt, you may consider filing for Chapter 7 bankruptcy as a way to gain financial freedom. Also known as liquidation bankruptcy, Chapter 7 allows you to discharge much of your unsecured debt, including credit card debt,...
Title: Is bankruptcy right for you?
If you have what feels like an insurmountable amount of debt, you may want to consider bankruptcy to get a fresh start. Filing bankruptcy can help you erase certain debts and gives you the opportunity to move forward financially. Bankruptcy is a common experience for...
An introduction to Chapter 13 bankruptcy
Many people suffering from unmanageable debt find relief in the bankruptcy process. While it is not for everyone, nor is it available to everyone, bankruptcy is a powerful tool in the right situation. Beyond determining whether bankruptcy is the correct choice, there...
How can bankruptcy keep my car from being repossessed?
If you have fallen behind on your car payments, your vehicle may be in danger of repossession. It is not uncommon for people to experience changes in their financial circumstances that lead to longer than expected turmoil. Bankruptcy is an option that may enable you...
Money you should not spend before bankruptcy
If you are facing a heavy debt load that you fear you have no chance of paying off, bankruptcy may be your best solution. Should you consider going down this route, you should refrain from making certain transactions before you file your bankruptcy petition. For one...
Do you qualify for Chapter 13 bankruptcy?
If you are considering filing for bankruptcy, you may wonder which Chapter best fits your situation. There are stark differences between Chapter 7 and Chapter 13, for example, which will affect how much debt you will retain once the bankruptcy closes. If you wish to...
Benefits of bankruptcy: the automatic stay
While many people tend to have a negative view concerning filing for bankruptcy, the truth is that it can bring welcome relief for those who are struggling to pay their creditors. Once someone files for bankruptcy, an automatic stay goes into effect, which prevents...
What to bring to a bankruptcy attorney consultation?
If you plan to meet with a bankruptcy attorney for an initial consultation, you should prepare questions and bring certain documents. This consultation is a good opportunity to learn more about the bankruptcy filing process and figuring out if this is a good option...
What do you know about the increase in elderly bankruptcy?
When talking to the older adults in your life, you notice that a few of them know several other older adults who filed for bankruptcy. You do not plan on retiring soon, but you do not want to count yourself among the ranks of those who file for elderly bankruptcy....
