Timing could make a big difference in the outcome of a bankruptcy. The longer a Texas individual or couple waits to file bankruptcy after they know they are in financial trouble, the harder it could be to recover. According to data from the Consumer Bankruptcy...
Month: June 2018
Study sheds light into credit card debt
During the first quarter of 2018, Americans paid off $40.3 billion in credit card debt. However, many Texans are still in the red. A report by WalletHub, which used data from the credit agency TransUnion, the Federal Reserve and the U.S. Census Bureau, found that...
Chapter 13 bankruptcy may allow for additional financing
As many people in Texas know, it is sometimes necessary to file bankruptcy. Things happen that cause financial hardship, and debtors need relief. Chapter 13 bankruptcies can span three years or five years, sometimes creating a challenge for debtors who find themselves...
5 mistakes you must not make before filing for bankruptcy
Once you make the decision to file for bankruptcy protection, you want the entire process to go well and be over with as soon as possible. Transparency will be important, and with that thought in mind, here are five mistakes you should avoid as you approach your...
Bankruptcy and dischargeable debts
Texas residents considering filing for bankruptcy to handle their substantial debts should be aware that not every type of debt is eligible to be discharged. People should also understand the differences between the two types of bankruptcies they are most likely to...