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...
Smith County Bankruptcy Blog
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....
What are dischargeable debts?
When you file for bankruptcy, the goal at the end is to discharge your debts. When this happens, the court rules that you no longer have a legal obligation to pay the debts. However, not every debt you have is a dischargeable debt. The U.S. Courts explain that the...
Signs it might be time to file bankruptcy
If you have recently lost a job or a source of income or fallen so far behind on your bills that getting caught up seems impossible, you are not alone. Debt is an unfortunate challenge in many people’s lives, regardless of socioeconomic status. It is not easy to...
Is a debt collector harassing you?
In Texas, you have certain protections if you file bankruptcy. One of the biggest boons is protection from debt collector harassment. Once you file, they legally cannot bother you for the duration of the bankruptcy. But how do you know you are suffering from debt...
The truth behind bankruptcy myths
Bankruptcy is a tool that people can utilize when they are in financial peril. Credit cards, bills and other debts can make it difficult for a person to live comfortably. U.S. News clears up the misconceptions that may prevent a person from seeking bankruptcy as an...
