When faced with a difficult financial situation, many people find bankruptcy the best solution. According to the American Bankruptcy Institute, 12,461 Texans filed for Chapter 7 bankruptcy in 2021. If you find yourself ready to file, help ensure a smooth process and...
Bankruptcy Laws and Updates
Does filing bankruptcy discharge medical debts?
No one wants to consider the possibility of falling into debt. However, with medical costs as high as they are, it is possible that anyone with a health emergency could also enter into a financial emergency at the same time. Bankruptcy often feels like a scary point...
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...
Three times when bankruptcy may make sense.
The prospect of bankruptcy can be daunting for Texas residents who can not manage mounting debt. As a result, many people shy away from this step because they fear it will damage their credit. However, these are three times when declaring bankruptcy may help you...
Do you need to do credit counseling before filing?
If you have decided to file personal bankruptcy to get out of debt, there are many steps you need to take before you complete this process and get a fresh financial start. One of these involves finishing pre-bankruptcy credit counseling before you file. According to...
How may bankruptcy affect my employment and future job prospects?
Federal laws protect your right to remain in your current position regardless of your financial status. As noted by the Society for Human Resource Management, the U.S. Bankruptcy Code's section 525(b) prohibits private employers from firing or discriminating against...
3 myths about filing for personal bankruptcy
If you are like many Americans, you may view bankruptcy as an absolute last resort. From feelings of personal failure to anxiety over losing your home or car, fear may keep you from even considering the option. In fact, financial analysts have found that only a...
Deferred payments may not avoid the need for a bankruptcy filing
Many Americans contact the companies servicing their secured and unsecured debts when they experience hardships. Borrowers often choose to apply for a temporary pause in monthly payments to get through an unexpected financial issue. As reported by CNBC, more than 25%...
End of eviction moratorium detrimental for renters
A recent overruling of Biden's eviction moratorium will impact renters across the nation including numerous Texas families. Without the federal assistance that many residents have relied on for the last year, an uptick in evictions is probable. While many families...
Is this debt collector misrepresentation?
When you fall into debt, it can feel like the whole world is out to get you. These feelings only get exacerbated by the debt collectors who toe the line and cross over from persistence into harassment. But did you know that you have other protections under the law...
