Bankruptcy

About 68 million people around the country have late payments, collection accounts or charge-offs on their credit reports. These negative items lower credit scores and make borrowing more difficult, and interest rates are usually higher when Texas residents with poor...

Bankruptcy gets a bad rap in Texas. But, it can actually be one of the best decisions that you can make when finding it hard to keep up with your debts. If you know what to expect during the process, the idea of filing for bankruptcy can be less daunting. Immediately...

While bankruptcy in Austin, Texas helps consumers with debts there are still some negative myths surrounding the process. In most cases, these myths are based on some truths that are distorted with false ideas. Consumers won't be able to get credit again Credit scores...

Bankruptcy in Austin, Texas is a legal way for consumers to remove unsecured debts. Consumers may choose several types of bankruptcy, but they often file Chapter 7 and Chapter 13. However, Chapter 7 and Chapter 13 have their own differences and benefits. Chapter 7...

Bankruptcy is a legal process that can help consumers in Austin, Texas, get certain debts discharged though liquidation or repayment. Falling behind on debt usually means getting calls from creditors; if the consumer gets calls from creditors, the automatic stay in...

The holidays are often a time when people spend hundreds of dollars on gifts for family members and friends. It is also a time when you may spend a significant amount of money on holiday parties at your Texas home or apartment. Although you may consider holiday...

If you are struggling with debt you cannot afford and are thinking about filing for Chapter 7 or Chapter 13 bankruptcy, you probably have a lot of questions about how bankruptcy would affect your day-to-day life. For example, you may be wondering how long it takes to...

Texans who are experiencing financial difficulties might feel as if the weight of the world is on their shoulders. They could be fearful of the prospect of bankruptcy due to misconceptions about it. Before dismissing the idea of filing for personal bankruptcy, it can...

When commercial entities do not pay on debts they owe, creditors may take steps to collect payment in other ways. One reasonable course of action for some creditors is to file UCC-Uniform Commercial Code-1. This is a legal statement that outlines a creditor’s intent...

Many individuals and families in Texas and across the country firmly believe that filing for bankruptcy to secure debt relief is a process to be avoided. One Texas legal source on bankruptcy and its effectiveness in resolving deep debt woes prominently notes their...