Many people in Houston are struggling with debts. Some of these individuals may find themselves stressing over how to pay their car notes, mortgages and household expenses each month. As stressful as it is dealing with debt and not knowing where your next dollar may...
Texas residents who make contributions to a 401(k) plan can generally claim those deductions as expenses when filing for Chapter 13 bankruptcy. A trustee in one case claimed that a debtor needs to make contributions in the six months proceeding bankruptcy for them to...
Some consumers in Texas may be contacted by collectors of what is known as "phantom debt." This term is used to describe debt that is either already paid off or never belonged to the person. According to the Consumer Financial Protection Bureau, in 2016, more than 40...
Bankruptcy filings fell 1.8 percent for the latest 12-month period ending on Sept. 30. This marks a 10-year low in filings. Overall, Texas residents and others across the U.S. filed for bankruptcy 790,830 times in September 2017 compared to 805,580 in September 2016....
Texas residents who have a lot of consumer debt may be able to find relief through debt consolidation if they are serious about and dedicated to improving their financial situations. In a debt consolidation, a person's high-interest debts are consolidated into one...
Once the bankruptcy process is complete and you are debt free, it is not time to rest easy. Of course, filing for Chapter 7 bankruptcy will put your burdens behind you and allow you a fresh start. Your next goal is to stay on the right financial track. If you do not...
Consumer spending in Texas and around the country was subdued in August according to a report released recently by the U.S. Federal Reserve. Total consumer debt in the United States increased by $17.7 billion in July according to the central bank, but only $13.1...
Texas consumers who are struggling with debt may already be aware of the protections conveyed by bankruptcy. Those who are considering filing a bankruptcy petition should take into account at least three considerations as they make their decisions. First, it's...
Texas residents may be interested in an important change Equifax made to its credit reporting policies. The change may impact thousands of customer's credit scores if they have filed for Chapter 13 bankruptcy. The reporting change came after ProPublica questioned the...
Applying for Chapter 13 bankruptcy in Texas will impact an individual's credit report and may present challenges when it comes to renting or purchasing a home. In most cases, though, it will still be possible to find a place to live in a desirable area even as an...