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....
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...
According to the Judicial Branch of the U.S. Government, filing for chapter 7 bankruptcy discharges a majority of debts for those who are eligible. It also stops creditors from persistently contacting you an in attempt to recoup money owed once the process is in...
There is no immunity from debt issues, so if and when you experience them, you should feel no different than any other resident of Texas. Yet the fact that you are not alone in your struggles with debt does not change the concern you feel over the impact that turning...
Texas residents like you have the right to protect yourself from creditor harassment. Under law, debt collectors can still do their job and try to collect from you. However, there are laws in place that disallow them from turning to threatening or harassing behavior....
Many people feel desperate when their finances start to spiral out of control, and if you are among them, you may be looking for relief in any form. Be wary of those who may try to prey on your situation, though, and learn how to recognize potential debt settlement...
Filing bankruptcy can help you to fix your financial situation. You can avoid collections and judgements. It enables you to move forward in a better place than you were prior to filing. However, bankruptcy does not come without its penalties. Once you get your...
Texas and federal bankruptcy codes provide options that may allow you to keep your car. Because most individuals need a vehicle to drive to and from work, you may claim an exemption for your car when filing a Chapter 7 bankruptcy petition. Under The Lone Star State's...
When your finances start spiraling out of control due to job loss, medical bills or something similar, you may be looking for a way to dig yourself out of debt and make things more manageable. If you are considering filing for personal bankruptcy, doing so may give...
As opposed to the liquidation involved in Chapter 7 bankruptcy, Chapter 13 filers have enough income to at least partially repay some of their creditors over time. The repayment plan is a prominent feature of Chapter 13 bankruptcy. A person who files for Chapter 13...