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...
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...
Chapter 13 bankruptcy is unique because it allows you a chance to repay your debts and avoid losing your assets to liquidation. However, this option is not for everyone because there are a few requirements you must meet. According to The Street, the most important...
Texas residents like you sometimes fall on tough financial times. It is difficult to see what you will do when you are in the middle of debt. But there are options available to you. Bankruptcy is one such option. Among the different types of bankruptcy, Chapter 13...
When filing for Chapter 13 bankruptcy, credit counseling is an essential aspect of the process. The purpose of credit counseling is to ensure the person filing for bankruptcy has no other reasonable options in order to ease their debt burden. It also helps you develop...
When you file a Chapter 13 bankruptcy, you learn that this is a repayment plan that will last three to five years before your case is complete. This means that you will not get your discharge until you complete your repayment plan. Unlike a Chapter 7, you will not get...
When Texas residents fall into debt, bankruptcy is a good tool to pull yourself back out. The two types of bankruptcy most often discussed are Chapter 7 and Chapter 13. Chapter 13 is our focus today. What are the benefits? What are the drawbacks? Join us as we lay...
U.S. consumers have racked up more than $100 billion in revolving debt since the financial crisis, and at the end of 2018 they owed credit card companies almost $900 billion. These are among the sobering facts that can be found in a recent Consumer Financial...
Filing for Chapter 13 is one option for a Texas debtor who wants to avoid having their car repossessed. However, an individual would need to remain current on their loan during the proceeding. Furthermore, the past due balance would need to be included as part of the...
People who are struggling with unmanageable financial situations are sometimes reluctant to pursue debt relief because they are worried about losing their homes. While this may be a real concern for people living in some parts of the country, it is something that...