If an individual is facing financial difficulties and gets to the point where her or she feels like no other option is viable other than filing for bankruptcy, the last thing he or she wants to even consider is the possibility that bankruptcy could be denied. However, circumstances do exist where a bankruptcy petition may … Read more
When it comes to bankruptcy proceedings, many different individuals are involved in the process: the debtor, the creditor, often the debt collector, and, of course, the bankruptcy trustee. However, many individuals fail to understand the role of the bankruptcy trustee. Below is some information to explain what role the trustee plays in all bankruptcy proceedings. … Read more
If you have recently lost a main source of income due to unemployment, injury, or a medical condition or you have become overwhelmed by debt and expenses, filing chapter 13 bankruptcy may be right for you. Chapter 7 liquidates your debts, which is extremely helpful for most people, but not everyone will qualify for this … Read more
When it comes to filing for bankruptcy, one of the benefits for potential filers is the automatic stay. If someone gets to the point where the debtor feels he or she has no choice but to file for bankruptcy, it is a safe assumption that he or she is at the point where relief from … Read more
Whether you have lost a primary source of income or accrued an overwhelming amount of debt, filing chapter 7 bankruptcy may be the right decision for you and your financial future. Unfortunately, most people do not have a real understanding of the bankruptcy process and benefits. Here are a few practical benefits that you will … Read more
Almost all personal bankruptcy cases in Wylie, TX are considered voluntary, or when the debtor decides to file for bankruptcy on their own. An involuntary bankruptcy case is when the creditor decides to file a bankruptcy case against a consumer. Here are the reasons why these cases are so rare: It is difficult for a … Read more
By the time an individual faces Chapter 7 bankruptcy, he or she may have a couple of judgments against him or her for previous unpaid debts. In fact, many of these judgments may have already gotten to the point where wages are being garnished from the debtor’s paycheck. What happens to these garnishments once Chapter … Read more
Consulting an attorney is a great first step if you are considering filing chapter 13 bankruptcy to gain back control of your financial health. Unfortunately, you may not realize there are other steps in the process once you decide to file. Your attorney’s help will guide you through the legal process of filing chapter 13. … Read more
If you have recently lost income or acquired an excessive amount of unmanageable debt, filing chapter 7 bankruptcy may be the right decision for your needs. Understanding the complete legal process will ensure your bankruptcy proceedings are finalized smoothly and efficiently. Counseling Credit counseling is mandatory, so you must undergo these counseling sessions before you … Read more
Being in debt can feel like drowning. Just when the debtor thinks that he or she is ahead, something else happens to make the situation even worse. Many feel trapped and feel like they have to use credit card debt to continue making basic, minimum payments. Some even try to resort to using credit cards … Read more