Although Texas consumers who are falling behind on payments might feel powerless when confronted by debt collection agencies, the Fair Debt Collection Practices Act places limits on the behavior of these companies. This federal law establishes that collectors cannot...
Chapter 7 is, by far, the most common type of bankruptcy individuals file for. According to data, 794,960 total bankruptcy filings took place between January 1st, 2016 and December 31st, 2016. Out of all those filings, 490,365 were Chapter 7. Chapter 7...
In most cases, Texas consumers who file for bankruptcy receive immediate protection from creditors trying to collect debts. Usually, courts issue an automatic stay when a bankruptcy case is filed. This court order prevents collection actions while the bankruptcy case...
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...
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,...
When people in Texas are forced to file for bankruptcy, they tend to find it difficult to apply for refinancing due to the abysmal state of their credit score. Nevertheless, they can still receive refinancing if they manage to follow a few simple steps. In order to...
Economic indicators in Texas and around the country have been improving steadily in recent years, and this has led to a sharp fall in business and personal bankruptcy filings. Chapter 7, 11 and 13 petitions soared in the wake of the 2008 financial crisis, but they...
Older people throughout Texas and the rest of America are facing a greater risk of serious financial problems. On the surface, the numbers may seem promising. There were 1.6 million bankruptcy filings in 2010, a number that dropped to 789,000 annually by 2017....
If you have debt, you are not alone. Approximately 65 percent of people in the United States pay interest on credit card debt. Having some debt is okay, and it can even be healthy if it is related to some sort of goal, such as earning a degree or owning a home. So,...
Bankruptcy is something that affects all age groups. Even senior citizens, who many people assume are more financially stable given a long working life and safety nets such as retirement accounts and savings, are vulnerable to the effects of overwhelming credit card...