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...
Month: January 2020
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...
What information do you need to file for bankruptcy?
Before you prepare to file for bankruptcy in Texas, having an understanding of the information you will need to present and verifying that you are not missing any documentation may help to expedite your case. Because bankruptcy is taken seriously, your commitment to...
Your credit and bankruptcy
Perhaps one of your biggest concerns about filing for bankruptcy in Texas is how your decision will impact your credit and thus, your financial stability and ability to secure credit in the future. Fortunately, while bankruptcy will affect your credit, with effort and...
A closer look at how Chapter 7 bankruptcy works
When people find themselves in the stressful predicament of being unable to pay their debts, their initial reaction may not be to file for bankruptcy. However, if other attempts at negotiating alternative agreements with their creditors are unsuccessful, filing for...
Life after bankruptcy: rebuilding your credit
While the thought of filing for bankruptcy may initially be terrifying to you, this decision can actually be the beginning of a new future for you and your family. When approached with responsible timing, guidance and implementation, filing for bankruptcy can benefit...
What if you cannot get a credit card after bankruptcy?
If you are preparing to file for bankruptcy in Texas, you may already be planning ahead to determine how you will change your habits to secure a more stable financial future. One of the things you will need to do post-bankruptcy is rebuilding your credit score. The...
Assessing if Chapter 13 bankruptcy is right for you
While you may have heard the term "bankruptcy" used as a blanket for describing dramatic steps to reduce debt, what you should know is that there are actually different types of bankruptcy. Understanding the differences of each may enable you to make a more informed...
Pier 1 the latest retailer to experience financial troubles
Bankruptcy can come out of nowhere and affect even the most stable of entities if economic conditions create challenges that are too difficult to manage. While many businesses in Texas go to extensive lengths to strengthen and support their financial structure to...