Chapter 7 Bankruptcy

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...

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...

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...

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...

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...

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...

Having the lowest possible housing costs may help Texas homeowners who recently filed for bankruptcy keep their finances under control. Although it might have been impossible to refinance before the bankruptcy, lenders often offer refinancing options to those who have...

Overwhelming medical bills are causing people in Texas and nationwide to burn through their retirement savings and rack up massive debts, according to a new report by TD Ameritrade. In fact, the financial services firm found that 137 million Americans have faced...

When Texans are facing overwhelming debt, they are frequently unaware of what to do next. Many might be reluctant to consider personal bankruptcy. There are common misconceptions about the process. It is imperative to know that it can be a useful strategy to clear...

Student loans are generally not dischargeable in bankruptcy, but there are circumstances under which a person may be able to have them discharged. For people in Texas who are struggling to make their student loan payments, the most common bankruptcy options are...