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...
Bankruptcy
Important differences between Chapter 13 and Chapter 7
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...
Torrent of bankruptcy filings expected next month
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...
Bankruptcy could offer a lifeline
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...
Choosing between Texas and federal bankruptcy exemptions
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...
Help for bankruptcy filers through the automatic stay
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...
How the automatic stay helps bankruptcy filers
The automatic stay is one of the many protections of personal bankruptcy. When a struggling consumer has made the decision to file for personal bankruptcy protection, in addition to the protections of the bankruptcy process itself, they should also be familiar with...
How can personal bankruptcy protections help?
Personal bankruptcy options can help struggling consumers with medical debt, credit card debt and other types of debt. There are different types of personal bankruptcy that struggling consumers should be familiar with that can help them in different situations....