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...
Chapter 7 Bankruptcy
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...
Will I lose my home if I file for Chapter 7 bankruptcy?
Your home can offer you and your family a great deal of stability. However, when people have struggled with debt and wonder whether bankruptcy can offer relief, it can leave them wondering whether they will lose their house in the process. Will you lose your house...
The options when debt spirals out of control
When you find yourself in a difficult financial situation, it is important to understand your options. Before you gain a sense of clarity, it is not uncommon to let your worries spiral out of control. In this way, you can actually make the situation worse than it is....
Exempt assets under bankruptcy law
If you are planning on filing for Chapter 7 bankruptcy, you may be wondering if you get to keep any of your assets or if you have to give up everything. Fortunately, there are some assets that the court considers to be exempt, which means you can hold on to them....
What assets can I keep after filing Chapter 7 bankruptcy?
If the fear of losing assets is preventing you from filing for Chapter 7 bankruptcy while keeping you drowning in debt, it may be time to reconsider the facts. Many people avoid filing for bankruptcy due to the common misconception that it will automatically lead to...
Recovery is possible after bankruptcy
If you are considering bankruptcy, or if you have a recent bankruptcy, you may be wondering how it is going to affect your credit and financial future. It is true that bankruptcy puts a dent in your credit score, but it does not last forever. The advantage that filing...
Chapter 7 bankruptcy basics
Filing for bankruptcy can be an intimidating process, partly because of the stigma attached to it and partly because of the complex legal requirements you have to meet. Fortunately, there is less stigma surrounding bankruptcy as people start to understand that it is...
3 differences between Chapter 7 and Chapter 13 bankruptcies
Bankruptcy gives you the capability of wiping out your debts, allowing you to start again fresh. It allows you to gain financial freedom. Chapter 7 and Chapter 13 are the two most commonly used bankruptcies. Here are three differences between them that may help you...
