Blog Category: Debt


Gambling and Bankruptcy

Gambling and Bankruptcy

For some people, gambling starts as entertainment and quickly becomes an addiction. Always certain the next spin or hand will be the next big jackpot. Besides casinos, other opportunities to gamble include lottery tickets, dog or horse racing, online gambling and informal sports betting. Even though we don’t have any casinos in Texas, they are  … Read more

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Different Types of Debt in Bankruptcy

Different Types of Debt in Bankruptcy

When you file for bankruptcy, the court will be interested in the kind of debt you have. If you have a lot of unsecured debt, you may want to file Chapter 7, or liquidation bankruptcy to have those debts discharged. If on the other hand, you have a home and vehicle you would like to  … Read more

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Dealing With Debt

Dealing With Debt

Getting out of debt can be difficult. You will have to develop a plan and stick to it if you want to pay down or get out from under the crushing weight of too much debt. Limit Credit Cards If you are unable or unwilling to get rid of your credit cards, at least stop using  … Read more

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Main Causes of Personal Insolvencies

Main Causes of Personal Insolvencies

What are the leading causes of personal insolvencies? The answer is as diverse as the individuals that live in our country. Insolvency occurs when an individual or business is unable to pay back their debts or meet financial obligations with lenders when debts become due. Keep in mind that there is a distinct difference between  … Read more

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What Qualifies as Debt Collection Attempt?

What Qualifies as Debt Collection Attempt?

When an individual files bankruptcy in Texas, they are awarded a temporary automatic stay which prevents any creditor from making attempts to collect a debt. Sometimes, however, a debt collection attempt is made in violation of the automatic stay. Because of the ramifications, creditors typically do everything they can to avoid violating the automatic stay,  … Read more

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Filing Bankruptcy while in Collections

Filing Bankruptcy while in Collections

Between the creditor calls on your cell and at work and the notices threatening legal action if you don’t pay up, Being in collections isn’t very much fun. If you are currently in collections and planning to file bankruptcy in Texas, you should take solace that bankruptcy is a very real way to obtain debt  … Read more

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Get Your Driver’s License back Using Texas Bankruptcy

Get Your Driver’s License back Using Texas Bankruptcy

As a Houston, TX bankruptcy attorney law firm, we see people from all walks of life who need help getting a handle on their debt. Debt, after all, can have unintended effects on your life such as loss of property, failure to obtain new credit for major purchases, and can even cause you to lose  … Read more

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How Much Debt Do I Need to File Bankruptcy?

How Much Debt Do I Need to File Bankruptcy?

Numerous individuals wonder if they have enough debt to file for bankruptcy protection. The fact of the matter is that there is no legal minimum set for in the US Bankruptcy code to become eligible for bankruptcy. There is, however, a debt ceiling that limits an individual from filing Chapter 13 bankruptcy. Minimum Debt to  … Read more

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Texas Credit Card Lawsuit Defense

Texas Credit Card Lawsuit Defense

When you fall behind on paying your credit card debt, your creditor will attempt to collect the debt, but if they believe that you have no intention of paying it back, they are likely to close the line of credit and file a lawsuit in order to obtain a judgment against you. Being sued by  … Read more

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My Creditors are Threating Jail Time

My Creditors are Threating Jail Time

While not as common as it used to be, some creditors and debt collection agencies still result to bully tactics in an attempt to collect a debt that is owed to them. These are empty threats that include: publishing or advertising your debts, drain your bankruptcy account, or even having your arrested. While these menacing  … Read more

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