On behalf of Christopher Todd Morrison, P.C. | Feb 20, 2020 | Bankruptcy, Chapter 7 Bankruptcy
Often, it is not living expenses such as housing and transportation that lead to overwhelming debt. People may be able to afford these, but an accident or illness may lead to medical expenses that are impossible to repay. According to a report from...
On behalf of Christopher Todd Morrison, P.C. | Oct 15, 2019 | Chapter 7 Bankruptcy
Texas residents who are having financial difficulties sometimes choose to pursue debt settlement instead of filing for bankruptcy. Debt settlement companies offer to negotiate with creditors to lower the amount owed or monthly payments in return for a fee, but taking...
On behalf of Christopher Todd Morrison, P.C. | Oct 8, 2019 | Chapter 7 Bankruptcy
Texas residents who are considering bankruptcy do not take their decision lightly. They usually go back and forth determining if it is right for them. Here are some tips to help individuals determine if this is a good step to take for their circumstances. When a...
On behalf of Christopher Todd Morrison, P.C. | Mar 25, 2019 | Chapter 7 Bankruptcy
When people in Houston struggle with excessive amounts of personal debt, they may turn to bankruptcy to find a new path to financial freedom. There are several factors that can help people determine whether filing for a Chapter 7 bankruptcy is the best option for...
On behalf of Christopher Todd Morrison, P.C. | Mar 13, 2019 | Chapter 7 Bankruptcy
Bankruptcy may be an option for Texas residents who have significant debt that they are unable to pay. One type of bankruptcy, Chapter 7, is the most frequently filed bankruptcy. Chapter 7 bankruptcy is known as a liquidation bankruptcy because it uses the proceeds...
On behalf of Christopher Todd Morrison, P.C. | Feb 8, 2019 | Chapter 7 Bankruptcy
Debt from student loans can be a huge financial burden, and many graduates wonder if they can discharge this type of debt through bankruptcy. Unfortunately, the answer for most is no, but there are some notable exceptions. This has a lot to do with the Bankruptcy...
On behalf of Christopher Todd Morrison, P.C. | Nov 30, 2018 | Chapter 7 Bankruptcy
While bankruptcy may help Texas residents gain control over their finances, there are limits to how often a person can file. Individuals who filed for Chapter 7 bankruptcy cannot file another Chapter 7 petition for eight years. Furthermore, they cannot file for...
On behalf of Christopher Todd Morrison, P.C. | Nov 15, 2018 | Chapter 7 Bankruptcy
Texas consumers who file for bankruptcy may find that its relatively easy to improve their credit score after doing so. According to a Lending Tree report, 65 percent of Americans had a credit score of at least 640 three years after filing. There are many steps that...
On behalf of Christopher Todd Morrison, P.C. | May 15, 2018 | Chapter 7 Bankruptcy
Texas residents who wish to escape overwhelming debt may be unfamiliar with the differences between a Chapter 7 and a Chapter 13 bankruptcy. Those who file Chapter 13 bankruptcies make payments for three or five years to pay down all or part of their debts, but...
On behalf of Christopher Todd Morrison, P.C. | Dec 15, 2017 | Chapter 7 Bankruptcy
When Texas residents or others file for bankruptcy, they generally must disclose all of their assets. One woman who failed to disclose that she had $3,500 of cash on hand had her Chapter 7 discharge blocked. The woman said that she didn’t disclose the cash as an...
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