bankruptcy blog

One of the most difficult issues involved with making the decision to file bankruptcy for individuals is the fact that it will show up on your credit report and subsequently cause a drop in your credit score. How much your credit score decreases after bankruptcy depends on what your credit score was in the first  … Read more

One of the major advantages of bankruptcy in Texas is called an automatic stay. The automatic stay in bankruptcy legally prevents (stays) all creditor calls after filing bankruptcy. In fact, it prevents any attempts to collect a debt until the conclusion of your bankruptcy case, to include collection calls, collection mail, seizure or repossession of  … Read more

Can I Refile? Filing for bankruptcy protection is a complex process with many forms and schedules that have to be filled out with 100% accuracy and honesty. Most bankruptcy petitions are filed as a last resort to stave off debt and collection actions and so time is usually of the essence as well. If your  … Read more

In a recent survey, 67% of Americans are hopeful about their personal finances and expect them to improve in the New Year. Only about 10% of the respondents felt that their finances will get worse. A third of respondents claimed that paying down debt is a top priority and will focus on eliminating the debt  … Read more

There are quite a few mistakes that individuals make just before filing bankruptcy. These mistakes are made either intentionally with the belief that they won’t be caught by the bankruptcy trustee or “presumptively”, without full knowledge that they are to be avoided. The actions you want to avoid before filing bankruptcy include paying down debt,  … Read more