Many people in the Houston area suffered major financial setbacks in 2020. For example, they may have been furloughed for a period of time only to come back to work at reduced hours, or they may have lost their jobs altogether. These setbacks may have caused them to...
When residents of Houston file a petition in bankruptcy, they expect to have most of their debts declared uncollectible. Why, then, would a person consider reaffirming any of those debts? The reasons are mostly practical, but the help to be obtained from this choice...
Chapter 13 bankruptcy is one of the common forms of bankruptcy proceedings that individuals use to get out from under their insurmountable debts. The hallmark of Chapter 13 bankruptcy is the repayment plan. This plan is crafted by the debtor with approval from the...
There are many different types of items that people purchase in Houston. Some may me small items for daily life and some can be major purchases like a home or cars. Some of the purchases can be made with the money that people have on in their accounts, but the bigger...
Rising consumer debt and record high unemployment have left many consumers with the inability to keep up with their bills. Bankruptcy can provide a fresh start for many consumers. But debtors may face consequences after bankruptcy. Apartment rentals Renting an...
Personal bankruptcy is a legal process that lets individuals get out from under overwhelming debt. It is not an easy process, and there are drawbacks to undertaking the various forms of bankruptcy available to Texas residents. However, for many, bankruptcy offers a...
If there is one thing that we can all agree on, it is that we are living through crazy, nearly apocalyptic financial times. However, a lot of that financial disaster has been staved off by federal and state benefits, along with moratoriums on foreclosures and...
There is no doubt that we live in a historic time, but unfortunately, not for good reasons. Many are seeing their financial lives collapse around them, even as their debts continue to mount. This is why bankruptcy has become such a hot topic recently, and it is also...
Many people in Texas who are contemplating filing a bankruptcy petition usually have at least two principal questions; "Will I lose my house?" and "Will I lose any other assets?" The answers to these two questions depend upon laws enacted by the Texas legislature and...
Personal bankruptcy protections can provide important protections to filing parties as soon as they have filed for bankruptcy relief all the way through to their debt discharge. One protection is the automatic stay that goes into effect once the filing party files for...