Some people facing bankruptcy opt for filing Chapter 7, but others prefer Chapter 13. A Chapter 13 bankruptcy features a monthly payment plan that enables you to keep your home and other possessions. Does this sound interesting? Why you should consider Chapter 13...
Chapter 13 Bankruptcy
Statistics on typical bankruptcy filers
When it comes to personal bankruptcy, people from many different walks of life find themselves facing serious financial challenges and make the decision to address their debts through Chapter 7 or Chapter 13. If you are thinking about bankruptcy, it is important to...
Bankruptcies down, but overwhelmed courts expected
Bankruptcy is not a word we take lightly. But, it can offer those that need it a fresh financial start. However, while bankruptcy filings are down for the year, experts warn that Texas courts could become overwhelmed by a bankruptcy tsunami soon. Bankruptcies, by the...
Individual bankruptcies for small business owners
Many people in and around Tyler wind up looking at bankruptcy as a means of debt relief. While oftentimes this is because of a job loss, a medical emergency or another sort of financial crisis, in many other cases, it is because a Texan decided to try her hand at a...
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...
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...
Avoiding bankruptcy after accumulating medical debt
According to Bernie Sanders, roughly 500,000 people have gone bankrupt because of medical debt. This figure is based on a study conducted in 2019 that analyzed 910 bankruptcy cases between 2013 and 2016. It revealed that 65.5% of those bankruptcies were caused by...
Determining exempt property for a Chapter 13 bankruptcy
Some Texas residents who are overwhelmed by their financial obligations may wonder whether they should file for a Chapter 7 or Chapter 13 bankruptcy. A Chapter 7 bankruptcy involves liquidating non-exempt assets while in a Chapter 13 bankruptcy, a person creates a...
Who carries credit card debt?
Many people living in Texas and around the country carry a balance on their credit cards. Contrary to public perception of the types of people who have credit card debt, many of these individuals are older, in their 40s and 50s, and may be reasonably well-off.Many...
Managing medical debt
People in Texas who do not have health insurance may want to look into it. Health insurance might be out of reach for some people, but those who can afford it but think they do not need it because they are healthy should consider that they could be injured or become...


