Houston Bankruptcy Blog
Which bankruptcy is best for me?
When individuals are deciding to undertake the process of bankruptcy, it is important to plan carefully. Bankruptcy offers many advantages, and the main one is a fresh start. However, there are multiple ways to go about organizing your future financial life with a...
Finding the motivation to file for bankruptcy
For some people, the decision to file for bankruptcy is a simple one and there is little doubt that doing so is in their best interests. Moreover, some people have a relatively straightforward experience and successfully move through the process without significant...
Reaffirming a debt during Chapter 7 bankruptcy
Often, it is not living expenses such as housing and transportation that lead to overwhelming debt. People may be able to afford these, but an accident or illness may lead to medical expenses that are impossible to repay. According to a report from...
What are the pros and cons of Chapter 13 bankruptcy?
When Texas residents fall into debt, bankruptcy is a good tool to pull yourself back out. The two types of bankruptcy most often discussed are Chapter 7 and Chapter 13. Chapter 13 is our focus today. What are the benefits? What are the drawbacks? Join us as we lay...
The risks of going with a debt settlement company
People saddled with debt may fear the stigma associated with bankruptcy and turn to other ways to find freedom from their financial troubles. Sometimes they turn to companies who claim they can work things out with creditors. However, debt settlement companies may...
Am I being harassed by my creditors?
When you owe money to creditors, there are certain legal steps that can be taken to recoup your debt. However, creditors must also ensure they do not cross the line and use illegal tactics, or they will be in a direct violation of your consumer rights. If you believe...
Are you going to lose your dog during bankruptcy?
It is impossible to dispute that Texans love their dogs. In fact, the state is home to more than 7 million pooches. If you have a furry friend in your home, you probably cannot imagine life without your favorite pet. As such, the thought of losing your dog during...
Understanding the Chapter 7 means test
Your struggles with debt are not unique, many in Houston have faced such issues. Indeed, several of the clients that our team here at Christopher Todd Morrison, P.C. have worked with in the past have discovered that personal bankruptcy is often the only reasonable...
3 important points about bankruptcy to know before you file
Choosing to file bankruptcy is a serious decision. It will have a profound effect on your finances. This is why you need to be sure that filing is right for your situation. Even once you do file in Texas, you still need to stay on the right path and ensure the...
What you must know about inheritances and bankruptcy
When you file bankruptcy in Texas, there are many requirements you must meet and rules you must follow. It is essential that you are completely honest with the court about your finances and assets. If you falsify information or omit information, it can lead to severe...
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