bankruptcy blog

While there are many parts of your bankruptcy that are going to be concerning about, probably the one that you fear the most is the meeting of your creditors that must take place. This is a meeting that you must attend, however it does not have to be as nerve-racking as you think, especially if  … Read more

They say that everybody has an opinion, and it is usually a negative one, especially when it comes to bankruptcy. To many, going through bankruptcy is deemed as an avoidable failure. You obviously spend too much or fail to plan properly or just live beyond your means. Why else would you have to declare bankruptcy  … Read more

They say everything is bigger in Texas and that may well be true but when it comes to bankruptcies are they different in Texas you may wonder? The answer is…somewhat! While many do not realize that all bankruptcies fall under Federal statutes, meaning that the laws governing a bankruptcy are established at the Federal level  … Read more

There are many among us today who firmly believe that bankruptcy is the absolute worst thing that can happen to an individual and that they will never recover financially, and that it is the end of life as they know it. Others believe that if you do declare bankruptcy your chances of any future success  … Read more

When an individual applies for and receives Chapter 13 bankruptcy protection they essentially promising to make repayment to creditors over a period of time decided on by the court and at a level of repayment that both manageable to the debtor and sufficient enough to ensure that creditors recoup their money. This plan is managed  … Read more

There are some individuals who have reached their senior years that still have substantial debt. Now they are retired they do not have the funds coming in to pay down these debts and this has left them in a serious financial situation. The one thing they do have in their favor is that their home  … Read more

A Chapter 13 bankruptcy is a pre-approved repayment plan administered by a qualified bankruptcy trustee after a court has determined that an individual qualifies for this type of protection. The repayment plan is designed to allow creditors to recoup their money from a debtor over a pre-determined period of time, usually 3 to 5 years.  … Read more

One of the reasons that many individuals end up seeking out bankruptcy help is because of the incessant pressure that they are put under by those that they owe money to. It can be most stressful and overwhelming when creditors are on the hunt for their money. They will go about trying collections in many  … Read more

Most often when individuals start to run into serious financial situations they become heavily concerned about the assets they have and the possibility of losing them. The two major concerns are usually the home and the vehicle. Quite often when there just isn’t enough money to go around then individuals will start to renege on  … Read more

When individuals run into really serious financial problems one of the biggest fears they have is losing their home. They automatically assume that if they are going into a bankruptcy that they will most definitely lose their residence. This is not necessarily the case and before making any decisions regarding your bankruptcy you really should  … Read more