Blog Category: Debt

Almost every individual once they get into their teen years obtains at least one credit card. Before long there are many cards that have been obtained for different reasons. Unfortunately the majority of people fall into the credit card trap soon over whelmed with the enormous debt burden that the plastic money can place on  … Read more

When individuals run into serious financial difficulty they will often start to think about using bankruptcy as a resource for getting financially stable again. One of the things that may be driving them into making this type of decision is the fact that some of their possessions are going to be repossessed. Commonly this refers  … Read more

Most likely one of the biggest reasons that has led you to considering bankruptcy is the fact that you are dealing with numerous creditors. These individuals that you owe money to want to be paid and they can become incessant with their contact in the hopes that they will be able to get you to  … Read more

When you are at the stage with your finances where you feel you have no choice but to go bankrupt, it may seem to you that all your debt is the same. When you file for bankruptcy your debt is categorized. Some of it will be unsecured debt. This is debt where the creditor doesn’t  … Read more

A lot of people don’t like to discover that they only qualify for a chapter 13 bankruptcy instead of the chapter 7 version of this type of debt relief. With a chapter 13 bankruptcy you are expected to pay back some of your debt according to an approved payment plan. This form of bankruptcy can  … Read more

When you are entering into a Chapter 7 Bankruptcy you may have to make some decisions regarding some of these debts. Most likely some of what you owe may be secured debt while some others may be unsecured. Usually secured debt refers to some type of property like your house or car. Your Houston bankruptcy  … Read more

Not very many people want to embrace the thought of going bankrupt. In fact it is something that is often mulled over for several weeks or even months before the decision to do so is made. In many cases the putting off of the bankruptcy exists until an individual has reached a point where the  … Read more

One of the leading causes of debt for many people is their credit card debt. Most individuals start off with obtaining a credit card so they can establish their credit. More often than not it ends up in a short period of time where the card gets maxed out, and the individual proceeds to get  … Read more

When individuals get behind in their debt obligations it doesn’t take long before the creditors start hounding the person for their money. These creditors are not concerned about how much money you owe to others or what personal problems you may have. Their priority is to collect their money. For the most part this will  … Read more

Debts are categorized in different ways in a chapter 7 bankruptcy. There are secured debts, unsecured debts, priority debts and general type debts. They each get treated differently. Medical debts are normally classed as a non priority general unsecured debt. If there is any money in the bankruptcy estate this type of debt would be  … Read more