Because bankruptcy carries a stigma in the minds of many people, some people try to resolve their mounting debt in other ways, such as hiring a debt settlement company to reduce or eliminate their debt. However, going with a debt settlement company carries some risk...
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...
Much of Texas culture is family culture. Your home is an important place to your life, livelihood and well-being. State law recognizes this. As a result, Texas has some of the best protections in the nation for homes during the bankruptcy process. A question of size...
When you fall behind on your mortgage or even receive a foreclosure notice, you have options. Some homeowners successfully request a mortgage modification. Others reorganize their debt and make a plan to keep their home by filing for bankruptcy. Learn more about how...
Many consumers who end up filing for either a Chapter 7 bankruptcy or a Chapter 13 bankruptcy plan may wait a while before making the decision to do this. One reason for the hesitation is the fear that a bankruptcy will create long-term damage to a person's credit...
What do Texas residents do when they find themselves facing hard financial times? They may also deal with extra hurdles. In some cases, these hurdles may include debt collectors. Though debt collectors are not supposed to harass you, that does not mean they abide by...
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...
If you owe money to creditors, you may be under the impression that said creditors have few restrictions on when and how often they can call you. After all, you owe them money and they have the right to remind you. In fact, most people are familiar with debt...
Declaring bankruptcy may simultaneously be one of the hardest and best things that you ever do. Going through bankruptcy can help you get the financial clarity you need to move forward with your life. However, it can be confusing trying to figure out what the best...
Texas residents may fall into debt due to many circumstances or situations. Credit card debt is a common issue many people face. Once you get back out of debt, many people ask themselves how to avoid falling into it again. Today we will look at the answer to this...