Declaring bankruptcy can be a very stressful time. It is likely that you have multiple financial concerns weighing on you, and you may be afraid of losing your assets during the bankruptcy process. However, whether or not you will lose your home if you file bankruptcy...
While you accepted that filing for bankruptcy is the most favorable option for your finances and future, that does not mean you addressed the circumstances that led you to file in the first place. Without changing your relationship with money, you may file for...
While bankruptcy has a negative reputation, filing can actually be a positive step for someone struggling to repay debt. By doing so, you can stop the creditor calls and begin rebuilding your finances. These five signs indicate that you could potentially benefit...
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...
When you file bankruptcy, you get automatic protection under the law from creditors taking further actions against you. According to Cornell Law School, the automatic stay is a court order that prevents your creditors from continuing to take collection actions. It is...
No one wants to file bankruptcy. Yet, if you find yourself in dire financial straits, you may have no other choice but to do so. This process can be stressful, because you could face the prospect of parting with valuable assets. But this is often not the case in...
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...
Myths about filing a bankruptcy petition include losing your chances of having good credit again. While a bankruptcy stays on your record for up to 10 years, you may begin rebuilding credit after a discharge of your consumer debts. Financial institutions use...
If you feel swallowed up in mounting debt, then the protection offered by personal bankruptcy may bring you welcome relief from the pressure put on you by creditors. However, as many of those working with our team here at Christopher Todd Morrison, P.C. can attest to,...
Discharging debt through a Chapter 7 bankruptcy is one way to find relief. However, what if your spouse does not have the same liability? Do you both have to file? The law does not require spouses to file bankruptcy. When only one file, it may prove problematic for...