Many car owners in Texas face auto repossession when they fall behind on payments. Some consider filing a Chapter 13 bankruptcy to stop a lender from repossessing their vehicle. Before filing for bankruptcy, however, there are several other options to consider. In...
Month: February 2019
Credit card debt rising across the US
Consumers in Texas and across the nation are accumulating more and more credit card debt, according to a new report by CreditDonkey.com. Furthermore, 55 percent of credit card users fail to pay their credit card balance in full each month. The report found that 83...
Bankruptcy provides special rules for foreclosures.
People in Texas who are facing foreclosure may consider bankruptcy a possibility when no other options are available. The extent bankruptcy can help the foreclosure defendant depends on a number of factors, including the chapter utilized, the amount of arrearages,...
Discharging student loans in bankruptcy
Debt from student loans can be a huge financial burden, and many graduates wonder if they can discharge this type of debt through bankruptcy. Unfortunately, the answer for most is no, but there are some notable exceptions. This has a lot to do with the Bankruptcy...
The internet is not your friend in Chapter 7 bankruptcy
People who have successfully filed for Chapter 7 bankruptcy feel good about rebuilding their lives and gaining control over their spending habits. You decide you may want to blog about that because it could give others hope. Be forewarned: When you blog about...