If you’re suffering from crushing debt and considering seeking the relief that personal bankruptcy can provide, then you’ve probably got a lot of questions about the process. There are a number of steps involved in the bankruptcy process, and understanding them can...
Smith County Bankruptcy Blog
Bankruptcy facts
There may not be any options when consumer debt becomes uncontrollable. Bankruptcy may be the best way to seek a fresh financial start. Statistics compiled by Research help illustrate how bankruptcy is used in this country. Loss of income was cited as the most common...
What kinds of debts cannot be discharged in bankruptcy?
Most people who live in and around Tyler give consideration to filing a bankruptcy petition because they believe that their debts will be discharged and that they will be relieved of the obligation to repay those debts. While this belief holds true for many types of...
Ways Chapter 13 bankruptcy may help with foreclosure
This blog recently discussed the different types of foreclosure so it is also helpful to understand how bankruptcy protections may be able to help struggling homeowners who are facing foreclosure. Chapter 13 bankruptcy is a bankruptcy protection option that can...
How Chapter 7 bankruptcy can protect the filer’s property
Chapter 7 bankruptcy provides options to protect some of the property of the party filing for bankruptcy. This can help Chapter 7 bankruptcy filers rest a little easier that they will not have to start over after the bankruptcy process is complete but will be able to...
What are the different types of foreclosure that exist?
Financial hardship can strike anyone at any time. You may experience a death in the family, loss of a job or medical issues. One of the biggest issues that most Texas homeowners face when they hit on hard times is how to pay for their mortgage. If they're not...
Study: Bankruptcy unlikely to affect employment
When people in Texas are dealing with insurmountable debt, collection calls or lawsuit threats, they may not be sure which step to take. Bankruptcy may provide debt relief, but many people are worried about filing because they are concerned about potential other...
Dealing with an automatic stay for a bankruptcy
After a debtor files for bankruptcy in Texas, creditors' attempts to collect will be automatically halted under a stay. One reason why many people seek the protection of Chapter 7 bankruptcy is because it's becoming difficult or impossible to deal with creditor...
Don’t fall for these 3 misconceptions about bankruptcy
You are in a situation where you feel like your finances aren't in your control. Despite trying your hardest to take on more work and pay down what you owe, you're still missing payments and dealing with fees and fines every month. Situations like this are...
Steps to Chapter 7 bankruptcy qualification
Texas consumers who feel overwhelmed by debt may want to file for Chapter 7 bankruptcy. The first step for determining qualification is the means test, which uses the median income for the state. Most of the time, making less than this amount means the person can...
