Most American adults have at least one credit card. If you count yourself among them, you may find your balance creeping up each month despite your good intentions. You are not alone in feeling like your credit card debt is spiraling out of control. Many people accrue...
Many people have understandable fears about filing for bankruptcy. However, those fears are often based on misinformation. These are five of the most common myths about bankruptcy. 1. You will not be able to get credit Your credit score may take a significant hit when...
You may be holding off on filing bankruptcy because you fear losing your home. The fact is, bankruptcy is actually one of the best ways to protect your home. Personal bankruptcy creates a legal barrier between your home and your creditors. According to Culture Map,...
Bankruptcy for many is a last-ditch effort to get out of debt. When there are more bills in a month than income, it is impossible to pay everything due. Bankruptcy is a way for a person who is in financial trouble to get a fresh start. It is a court process that...
Declaring bankruptcy does not necessarily mean that you will have to forfeit the property that you value most such as your home or your car. In fact, bankruptcy can help you keep your property. Your ability to preserve assets may depend on the type of bankruptcy that...
There should be more to life than the constant struggle to make ends meet. If you feel like you are living from paycheck to paycheck, you are far from alone. In fact, the average American has more than $90,000 in debt. Fortunately, with a bankruptcy filing, you may...
The bankruptcy petition that you file may affect the timeframe determining when you may begin applying for new credit. Before applying, however, your existing debts require a discharge, which occurs as soon as a judge signs a court decree. As noted by Forbes magazine,...
If you have significant debt in Texas, you may fear the consequences of failing to pay. Thankfully, you cannot go to jail for most debts. Understanding state law about this issue may help ease your mind or help you plan your next steps. Jail for debts As...
Texas residents like you want to know everything about bankruptcy before you file for it. Each option has different pros and cons. For example, many people believe that Chapter 7's biggest con is having to liquidate your assets. But do you have to get rid of...
Filing for bankruptcy does not mean losing everything you own. In fact, Texas bankruptcy law allows you to keep most of your personal property. Review the available bankruptcy property exemptions in Texas if you have substantial debt you cannot pay and want to find a...
