When you struggle with debt, you may wonder if you will lose everything to set your finances right. This is especially true for people who have invested in their family home. While you may be concerned about losing your home, the bankruptcy process may actually allow...
Don’t let fear of bankruptcy keep you from a fresh start
This year has been challenging for many people's finances. The Federal Reserve Bank estimates that 17 million American households – roughly 14% - are deeply in debt, but fewer than 1% file for bankruptcy each year. Economists say thousands more could benefit from...
How can I stop creditors from harassing me?
Credit card debt and medical debt can pile up overnight. When debt grows too big, it can keep you from making other ends meet. While this matter is hard enough on its own, creditors begin calling and harassing you for payment. When you need a moment’s peace to get...
Bankruptcy and other options to deal with medical bills
Texans can accrue debt in a variety of ways. When confronted with overwhelming debt, it can stoke fear, worry and concern as to how to handle it. One of the most common ways to accrue massive bills is through medical treatment. In addition to the debt itself, an added...
There are many options for those seeking debt relief in Texas
If you are a Texas consumer who is confronted with overwhelming debt, you may want to seek a viable strategy to improve your financial standing. This can be a complicated endeavor, and you may be susceptible to marketing strategies from individuals and companies...
Doing nothing can also violate the automatic stay
In a Texas bankruptcy, once the filing is made with the court, everything is frozen in place. This is what is known as the automatic stay, and courts take it very seriously. While taking steps to initiate collection of debts is forbidden, one creditor found out that...
Inaction may be action for a bankruptcy court
In a Texas bankruptcy, the ordinary rule is that the automatic stay requires creditors to freeze in place and do nothing once the bankruptcy is filed. However, creditors should be aware that there are some situations where doing nothing can actually get them in...
Small Business Reorganization Act arrives in February
The president signed the Small Business Reorganization Act (SBRA) in August of 2019, but it officially takes effect in February of 2020. Congress designed this popular law to fill a previous gap by providing small businesses and owners with a way to restructure or...
Tax refunds are not free money
Most of us are excited at the prospect of getting a tax refund and will dream of how to spend that money. But while it is fun to contemplate a spring break trip or simply blowing it on fun stuff, it is essential to remember that the IRS is giving taxpayers back money...
Apps can help those facing bankruptcy
Anyone who faces bankruptcy or has already filed understands how hard it is. It starts with some difficult decisions and then there is a follow-through that demands sacrifices (financial and otherwise) before a person rebuilds their credit rating. One modern...
