Whether you file for Chapter 7 or Chapter 13 bankruptcy, you can expect to undergo pre-bankruptcy credit counseling. This is an important step in the bankruptcy process. You may file for bankruptcy, but a court will not accept your petition if you do not complete a...
Month: October 2020
How can you manage expenses during bankruptcy?
Texas residents like you must manage expenses carefully when going through bankruptcy. This is particularly true of Chapter 13, in which you must stick to a debt repayment plan. If bad habits remain, you may struggle with additional debt on top of what you try to pay...
How can you avoid credit card debt?
Texas residents like you opt for Chapter 13 bankruptcy because a repayment plan works in your favor. But did you know that you still have to keep on top of secured debts that survive bankruptcy? You must make mortgage and loan payments throughout the bankruptcy...
Massive debts send Flywheel in to Chapter 7
Many people in Texas might think that Chapter 7 bankruptcy is only an option for individuals looking to have certain debts discharged. That assumption comes from the notion that a business experiencing financial struggles would rather seek a Chapter 11 case that would...
How are Chapter 7 and Chapter 13 bankruptcies different?
When medical bills, credit card bills or other debts become too much for you to manage, you may find yourself looking for ways to dig yourself out of financial turmoil. You may decide that filing for bankruptcy may be your strongest chance at getting your finances...
Will Bankruptcy Save My House?
Facing the thought of foreclosure can be scary, but unfortunately it is not uncommon. Many families in Texas find themselves falling behind on mortgage payments and in debt and more often than not, lenders are not willing to grant homeowners deals or modifications....
What are your obligations as a debtor under Chapter 13?
As a resident of Texas, filing for bankruptcy can free you of your burden of debt. Chapter 13 bankruptcy provides you with good options if you have the ability to reorganize and pay off your debts. However, filing for Chapter 13 bankruptcy also comes with a set of...