Timing could make a big difference in the outcome of a bankruptcy. The longer a Texas individual or couple waits to file bankruptcy after they know they are in financial trouble, the harder it could be to recover. According to data from the Consumer Bankruptcy...
During the first quarter of 2018, Americans paid off $40.3 billion in credit card debt. However, many Texans are still in the red. A report by WalletHub, which used data from the credit agency TransUnion, the Federal Reserve and the U.S. Census Bureau, found that...
Once you make the decision to file for bankruptcy protection, you want the entire process to go well and be over with as soon as possible. Transparency will be important, and with that thought in mind, here are five mistakes you should avoid as you approach your...
Debtors in Texas and throughout the nation could use bankruptcy as a way to obtain financial relief. However, it should generally be used as a final option when there are no other ways to repay balances owed to creditors. It is important to note that bankruptcy does...
Your home really is your castle, your pride and joy, but you have missed some payments, and the lender is threatening to foreclose. You are very concerned and vulnerable to scammers who claim they can help you keep your home or sell it quickly, but always for a...
Texas residents who are unsure about how they will pay down their debt balances may start thinking about filing for bankruptcy. In fiscal year 2018, there will an estimated 733,000 companies and individuals doing so, which is up from 685,000 in 2017. According to the...
Although bankruptcy filings are down across the country, Texas consumers may find themselves overwhelmed by debt because of a job loss, medical issues or mounting credit card bills. They might be worried about how filing for bankruptcy will affect their credit....
Many Texans struggle under the weight of their student debt. Unfortunately, however, these obligations are very difficult to discharge in bankruptcy. A large part of the reason is because Congress has passed several laws beginning in the 1970s forbidding the discharge...
Houston residents earning the metro area's average wage would have to work for 20 months to pay off the city's median credit card debt, and it would cost them $799 in interest to do it, according to recent a report from CreditCards.com. The consumer financial advice...
Texas consumers who are struggling to pay their bills may opt to file for bankruptcy. When a case is filed, a trustee will be appointed to oversee it. In Chapter 7, this person will inventory a debtor's assets and move to liquidate any nonexempt property. In some...