When you decide to split from your husband or wife in Texas, your financial future may end up looking a whole lot different than you anticipated. You might find that you have little to your name in terms of assets after a divorce, and this can make it quite difficult...
General Bankruptcy
How does the automatic stay work?
Once you file your bankruptcy petition, the court issues the automatic stay. As the name suggests, it happens right away as soon as the court gets your paperwork. U.S. News and World Report explains the automatic stay puts a pause on all your debts. It serves an...
3 reasons American families seek bankruptcy relief
If you are like many Americans, you may be struggling with overwhelming debt and overwhelming guilt about falling behind financially. You may feel that filing for bankruptcy would be a sign of personal failure and that you have no good options for moving forward while...
Medical debt and its role in personal bankruptcy
It is no secret. More than any other factor, medical debt remains the top reason people file for bankruptcy. And for some, medical debt has grown into a much greater concern during the COVID-19 pandemic. In a 2019 study released in the pre-pandemic era, researchers...
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...
Bankruptcy: An opportunity for you to start fresh
The negative descriptions of bankruptcy you hear often come from people who misunderstand the process. Similarly, people that use bankruptcy the wrong way may have a less-than-ideal outcome and blame their situation on the process. Contrarily, when leveraged...
How can you build a positive credit score after bankruptcy?
Filing for bankruptcy saves people from crippling debt, but it does come with a price. If your credit takes a hit after bankruptcy, you can work to rebuild it. According to Experian, you should aim for a score higher than 670. Choose automatic bill pay when possible...
How do Chapter 7 and Chapter 13 bankruptcies differ?
Once your finances begin to spiral out of control in Texas, it may prove hard to get a handle on them again. If your debts reach a point where you no longer see a reasonable way to pay them off, you may want to think about whether filing for bankruptcy might give you...
Getting out of debt in the new year
For many, the coming of the new year represents a chance to better themselves or complete oft-ignored projects. People make lists about new workout routines, plans for an upcoming road trip vacation or goals to write that novel they’ve been thinking about. While these...
Can bankruptcy protect you from debt collectors?
Falling into debt without a doubt serves as one of the most stressful financial - and overall life - experiences that anyone can go through. It helps in this time to understand all potential options available, including bankruptcy. In addition to alleviating the...
