If you are considering bankruptcy, or if you have a recent bankruptcy, you may be wondering how it is going to affect your credit and financial future. It is true that bankruptcy puts a dent in your credit score, but it does not last forever. The advantage that filing...
Smith County Bankruptcy Blog
Chapter 7 bankruptcy basics
Filing for bankruptcy can be an intimidating process, partly because of the stigma attached to it and partly because of the complex legal requirements you have to meet. Fortunately, there is less stigma surrounding bankruptcy as people start to understand that it is...
Bankruptcy may allow you to get your car back after repossession
Whether you prefer flashy sports cars, sensible family sedans or rugged off-road vehicles, you may love your car, truck or SUV. If you have fallen behind on your monthly payments, though, a financial institution may have repossessed it. Repossession occurs when a...
3 differences between Chapter 7 and Chapter 13 bankruptcies
Bankruptcy gives you the capability of wiping out your debts, allowing you to start again fresh. It allows you to gain financial freedom. Chapter 7 and Chapter 13 are the two most commonly used bankruptcies. Here are three differences between them that may help you...
A bankruptcy filing may preserve a retirement plan
Increases in older Americans struggling to pay debts may cause some of them to empty a retirement account when they may not need to. Baby boomers and seniors facing financial issues may protect their retirement plans when filing for bankruptcy. Chapter 7 bankruptcy...
What could creditors take during bankruptcy?
You have a strong feeling that filing bankruptcy could offer the financial peace of mind you deserve, but you worry about what you may give up in the process. You know your creditors may have a claim to some of your assets once you file, but which ones? Bankrate...
What is the difference between a dismissal and a discharge?
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...
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...
