Chapter 13 bankruptcy cases rest largely on the creation and completion of repayment plans. Due to any number of factors, you may find yourself struggling financially, despite having a regular income. To achieve a fresh start, like others, you have likely considered...
Smith County Bankruptcy Blog
Can I DIY my bankruptcy?
The feeling of overwhelming debt can seem like a stressful black hole. As the bills continue to climb and the collectors call, it can feel like you will never find relief. Considering bankruptcy can be a significant step toward financial freedom. While this complex...
Is this debt collector misrepresentation?
When interacting with debt collectors, it is important to understand what they can and cannot legally do. Unfortunately, while many are upright and forthcoming, some will still attempt to use their standing against you to lie and deceive their way into quicker...
How are Chapter 7 and Chapter 13 bankruptcy different?
If you are facing overwhelming debt, filing for personal bankruptcy may help you and your family to get the fresh financial start you need. In addition to putting a stop to harassing creditor calls, filing may help you to reduce or eliminate unsecured debt, prevent...
How the bankruptcy means test determines Chapter 7 eligibility
Once your finances start to spiral out of control in Texas, it becomes increasingly difficult to regain control over them. If your financial situation has gotten to the point where you do not see a realistic way to pay off your debts within the next few years, you may...
What should you do about debt collector harassment?
Filing for bankruptcy automatically removes a significant portion of your debts in Texas. This means that debt collectors can no longer badger you for payment. If you continue to receive correspondence requesting payment, you could start to feel frustrated. Knowing...
I am getting divorced. Should I file for bankruptcy?
When you decide to split from your husband or wife in Texas, your financial future may end up looking a whole lot different than you anticipated. You might find that you have little to your name in terms of assets after a divorce, and this can make it quite difficult...
How does the automatic stay work?
Once you file your bankruptcy petition, the court issues the automatic stay. As the name suggests, it happens right away as soon as the court gets your paperwork. U.S. News and World Report explains the automatic stay puts a pause on all your debts. It serves an...
3 reasons American families seek bankruptcy relief
If you are like many Americans, you may be struggling with overwhelming debt and overwhelming guilt about falling behind financially. You may feel that filing for bankruptcy would be a sign of personal failure and that you have no good options for moving forward while...
Medical debt and its role in personal bankruptcy
It is no secret. More than any other factor, medical debt remains the top reason people file for bankruptcy. And for some, medical debt has grown into a much greater concern during the COVID-19 pandemic. In a 2019 study released in the pre-pandemic era, researchers...
