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
Money is easily one of the biggest causes for divorce as finances can make or break a marriage. It should not be surprising that divorce and bankruptcy are often connected. One either precedes the other or shortly follows. Many couples wonder if they should wait to file for bankruptcy together before going towards divorce, or … Read more
I have a tremendous percentage of my clients who come to me after having tried some type of credit counseling program. The reaction is always the same — “I should have come to you first.” The purpose of this post is to give you a sense of how credit counseling works and how a Bankruptcy … Read more
As you’re preparing for bankruptcy, you probably already know that this is a serious decision that is going to affect your financial future. Your credit will take a hit for the next 7 to 10 years. While bankruptcy will eliminate debt and affect your credit outlook for a while, you do not typically have to … Read more
Filing bankruptcy can be an overwhelming experience, but proper understanding and professional guidance can make the process of filing chapter 13 bankruptcy easier. If you are considering filing chapter 13, use this guide to help you go through the process in a financially savvy and successful manner. It’s Different from Chapter 7 Most consumers are … Read more
Living with debt can be crippling. Struggling to get out of debt, even with the help of Chapter 7 or Chapter 13 bankruptcy in Plano TX, can be just as crippling. Though there are a few people don’t think twice about filing and consider personal bankruptcy an easy way out of debt and a quick … Read more
Are you considering filing for bankruptcy because your debts are piling up and you can’t pay them? If you are then you need the help of someone who can explain your options, including the difference between Chapter 7 and Chapter 13 bankruptcy in Plano TX. At Collins & Arnove, we are experienced bankruptcy professionals and we … Read more
Chapter 13 bankruptcy in Plano TX is one of two types of personal bankruptcy that individuals can file for in the United States. Chapter 7 and Chapter 13 bankruptcies can allow you to either eliminate your debt or reduce it and make payments to meet your obligations. Both options are good, sound ways to help … Read more
Rising debt can be overwhelming, and the prospect of bankruptcy terrifying. Declaring bankruptcy in Plano TX is a heady thing to consider, and it comes with plenty of lasting burdens on your credit. Finding someone to help you through this important decision, or perhaps show you other options, is absolutely essential, because there are many … Read more