The decision to file for bankruptcy is a serious one that people rightfully do not take lightly. While careful consideration is a good idea, procrastinating on filing for Chapter 7 bankruptcy can be a bad decision. There are a few reasons that Texas individuals who...
Helping You Navigate Complex Legal Issues
Year: 2018
Two basic types of Texas probate
Probate, the administration of an estate following an individual’s death, is handled differently in Texas than most of the rest of the country. The state has two kinds of formal probate. One is a procedure, called independent administration. The other is a...
Why medical debt is a leading cause of bankruptcy
In 2016 alone, the United States saw 770,946 personal bankruptcy filings. Although there are many reasons a person may file for bankruptcy, medical debt continues to be a leading cause of this debt relief option in Texas and across the country. Contrary to...
The difference between Chapter 7 and Chapter 13 bankruptcy
Many people considering filing for bankruptcy are unfamiliar with the multiple "types" available for personal filers. More people filing for personal bankruptcy in Texas will fall into the category of Chapter 7 or Chapter 13 bankruptcy. It is a good idea for...
How to get a personal loan after filing for Chapter 7 bankruptcy
One of the most well-known consequences of filing for bankruptcy is the mark on a credit report. Texas individuals may worry about access to credit following a bankruptcy filing, as a lower credit score can impact the ability to qualify for a loan. However, while...
What is the best card to pay off when facing credit card debt?
Those holding debt in many different places often struggle with deciding who to pay off first. This is especially true when facing credit card debt from multiple Texas credit card companies, juggling the many balances owing with factors like interest rate. On top...
Only 4 of 10 adults have an estate plan
It's a fallacy that creating a will is difficult, complicated and overwhelming, but many people don't seem to want to address this issue because it also touches upon their mortality. Many think they will live forever, or put off estate planning for another day because...
Improving a credit report after Chapter 7 bankruptcy is possible
One of the most difficult outcomes of filing for personal bankruptcy is the impact on one's credit report. People in Texas who file for Chapter 7 bankruptcy may wonder what their next steps should be to rebuild credit and regain control of their financial lives....
What to do when credit card debt is in collections
When debts are not repaid, people run the risk of their accounts being sent to collections. Many people in Texas who are getting collections calls due to credit card debt or other outstanding balances may wonder about the best course of action when facing these...
What people should know about Chapter 13 and Chapter 7 bankruptcy
Many people consider bankruptcy as something businesses do when facing financial trouble, rather than an option for individuals. Yet many people in Texas and throughout the United States file for personal bankruptcy, typically Chapter 13 and Chapter 7...