When facing the possibility of filing bankruptcy, one must choose between the chapter 7 and chapter 13 options, depending on their situation. Chapter 13 bankruptcy is the “reorganization” chapter in which the debtor maintains control over their assets while gradually repaying their debts through a three to five-year payment plan. Contrarily, Chapter 7 bankruptcy traditionally … Read more
When faced with the possibility of filing for bankruptcy, it is important to fully understand and survey all of your options. A trustworthy attorney is vital in helping you choose what type of bankruptcy filing works best for your individual situation. The team at Collins & Arnove can advise you in filing for either Chapter … Read more
Filing for bankruptcy in Allen, TX gives you that clean financial slate, but there is also that fear that your credit will now be in shambles for forever. The impact that bankruptcy will have on your credit will fade as the years pass, and there are things you can do to help. Here are four … Read more
If you are experiencing financial distress due to the loss of income or developing an overwhelming amount of debt and monthly bills, bankruptcy may be an option for relief. While it is wise to weigh out the pros and cons with an attorney, you must understand which debts a Chapter 7 or Chapter 13 bankruptcy … Read more
If you’re considering bankruptcy, there are things you need to know. The first thing you’ll need to decide is which bankruptcy to file. In a Chapter 7 Bankruptcy, you can discharge your unsecured debt. Secured debt may be sold by the trustee to pay off the debt. Keep in mind that you’ll be able to keep one car and one home. The trustee may sell … Read more
Filing Chapter 7 bankruptcy may be an option to consider if you are drowning in debt that you are unable to pay due to the loss of income or other financial issues. Not only will this filing reduce your monthly bills and free up much-needed income, but bankruptcy also stops harassing calls and letters from … Read more
Living with the inability to pay debt and your basic living expenses can be overwhelming, but millions of people are able to find relief through bankruptcy. During a chapter 13 filing, your attorney will work with creditors on your behalf to design a monthly repayment plan for these debts. While based on your current income … Read more
Having to file for bankruptcy is difficult enough, let alone trying to find the best bankruptcy attorney for your situation. With all of your financial struggles, the last thing you’ll want to do is choose a lawyer that’s not right for you. It’s important to do a little research on the bankruptcy lawyers in your … Read more
Millions of people need to file Chapter 13 bankruptcy each year due to financial struggles, but a large percentage of these individuals do not have a full understanding of this legal process. If you are unable to pay your living expenses and debts, bankruptcy may be a viable option for you and your family. However, … Read more
If you’re considering bankruptcy, you may be wondering whether you should file a Chapter 7 or a Chapter 13. Most people don’t know the difference and may end up making the wrong choice. Discussing your situation with an experienced bankruptcy attorney in Allen TX is the first step toward deciding which chapter is right for … Read more