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,...
Chapter 13 Bankruptcy
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...
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 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...