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...
Common myths about bankruptcy
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...
UCC guidelines and commercial debt collection
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...
You’re financially underwater: Could Chapter 7 bankruptcy be your lifeline?
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...
Can bankruptcy help you protect your home?
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...
