You can improve your credit score in the year or two following Chapter 7 bankruptcy. However, it will take about ten years before you see significant improvements. That is a significant reason many people fear filing for Chapter 7 bankruptcy. While it does hurt your...
Bankruptcy laws exist to provide people facing overwhelming debt with a fresh start. However, navigating the rules and regulations can be challenging. The law offices of Christopher Morrison have helped more than 5,000 Texans get out of debt. How the law offices of...
In Texas, both spouses do not need to file for bankruptcy. However, some may benefit from doing so. Before you decide to file for bankruptcy, weigh the pros and cons of filing together or separately. Every case is different. Filing for bankruptcy jointly or separately...
If you are struggling to pay outstanding medical, credit card or other bills, you may feel powerless over your financial situation. Still, there are a few debt-relief options that may allow you to regain control. Chapter 7 bankruptcy is one of these. With Chapter 7...
Texas residents like you want to know everything about bankruptcy before you file for it. Each option has different pros and cons. For example, many people believe that Chapter 7's biggest con is having to liquidate your assets. But do you have to get rid of...
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...
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...
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...
Chapter 7 bankruptcy is a debt relief tool that many Americans turn to, particularly when medical and credit card debt becomes too overwhelming. Once you have been through bankruptcy, your credit score does take a hit. Credit scores do change, however. You can rebuild...
When filing a Chapter 7 bankruptcy, you run the risk of losing assets, especially those you do not currently outright own. It is common for someone filing bankruptcy to have a car loan, for example. If you have a car loan but you wish to keep the vehicle, then you may...