For the most part, bankruptcy results in the discharge of debts owed by the person filing the bankruptcy. In a perfect world, the debtor could walk away with a completely clean slate and no debts. However, some simply cannot go away, no matter what type of bankruptcy is being filed. 1. Child Support Or Spousal … 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
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
If your financial situation seems to be at the base of a steep mountain, talking to reputable bankruptcy lawyers Plano TX can be the solution to conquering the climb. Filing for bankruptcy isn’t going to help everyone’s situation. Make sure you seek sound advice and explore all possible options before diving in. Bankruptcy may be … Read more
If you are thinking about bankruptcy and looking for bankruptcy attorneys Plano TX, you are already taking the steps to a better financial future. However, once your journey is complete, beware the sobering statistic that of those who file for bankruptcy, about one in seven will end up falling into bankruptcy again. Of those who … Read more
You might think that after filing bankruptcy with the help of a bankruptcy attorney Plano TX, you will be out of luck financially for quite some time. It’s true that bankruptcy can hurt your credit, but there are things you can do to slowly rebuild your credit after bankruptcy. As you’re going through the bankruptcy process, … Read more
Are you considering Chapter 13 bankruptcy Plano TX but aren’t sure what it entails? Here’s what you need to know about filing for chapter 13 bankruptcy as an individual or married couple. Chapter 13 Bankruptcy Plano TX: What You Need to Do Chapter 13 bankruptcy is available for individuals and married couples who file jointly as … Read more
If you have recently filed for personal bankruptcy, you may have received something called a reaffirmation agreement from one of your creditors – from your mortgage company, your car lender, or any other creditor whose loan financed the purchase of some property. In some cases, a reaffirmation agreement is required to keep the property at … Read more
If you are experiencing serious financial issues and you’re considering bankruptcy, you need the help of a personal bankruptcy lawyer in Plano, TX. A bankruptcy attorney won’t just be able to answer all of your bankruptcy questions, he or she will also guide you through through every step of the bankruptcy process. To get help from … Read more
A personal bankruptcy lawyer in Plano TX will help you file Chapter 7 personal bankruptcy and put an end to creditors’ phone calls. Chapter 7 bankruptcies are sometimes called liquidation or straight bankruptcy. You will get a financial fresh start and be freed from your debts, as well as sell your assets and creditors will receive payment, … Read more