Saving Your Home When Facing Bankruptcy
Stay put while you start fresh A bankruptcy can be stressful enough without worrying about uprooting your family. When you file for a Chapter 7 bankruptcy, the majority of your assets—including your house—may be sold by the bankruptcy trustee in order to pay your creditors. However, there are a few circumstances in which you may […]
What to Do Immediately when Facing Wage Garnishment
You work hard for your paycheck. When a wage garnishment threatens to leave you with only a portion of it, know that you have options, but you need to act quickly. Request credit reports While dealing with wage garnishment can be stressful, having your wages withheld for a debt you don’t rightfully owe is even […]
Student debt in default: Can a tax refund be seized for payment?
The entry “student loan debt” would seem to be an eminently appropriate definition for the term “slippery slope” in any dictionary of American idioms. Millions of Americans from past generations likely feel as though they dodged a bullet regarding their pay-back duties to lenders following college graduation. Looking back, it might have seemed hard to […]
The decision to file for bankruptcy: getting the facts is key
For many people in Texas and elsewhere, the decision to file for bankruptcy is anything but casual. Filers often wrestle with the decision for many months, vacillating on whether to take advantage of the legal remedies provided by this debt-relief option or to continue struggling to make material inroads on their debt. Bankruptcy is associated […]
Can federal regulators set interest limits on payday loans?
Loan vehicles, or so-called “payday loans” are highly singular animals. Largely unregulated by federal authorities, an industry comprised of lenders has sprung up across the country, including participants in Texas. There is certainly a wide divide existing in the opinions of industry commentators regarding the particulars of such loan instruments. On the one hand, and […]
Rebounding from bankruptcy: pushing that credit score higher
Perhaps you took the plunge and filed for bankruptcy after realizing that the stark financial challenges you were facing were insurmountable and simply couldn’t be dealt with any other way. Many people come to that realization after a candid and comprehensive discussion with an experienced debt relief attorney, learning that the process — long sanctioned […]
Wyly’s case: Tycoons, too, can invoke bankruptcy protections
Although not a lot of hard-working Texas residents facing stark financial challenges and doing their best to work through them might be able to identify — even remotely — with Samuel Wyly personally, his bankruptcy-related case nonetheless commands real-world interest. We pass along its central details for our readers, believing that Wyly’s story is relevant […]
So, what’s a better option for me, Chapter 7 or 13 bankruptcy?
There has to be a clear and easy answer to that headline-posed question above, right? After all, Chapter 7 and Chapter 13 are clearly distinct bankruptcy options with altogether different parameters. Shouldn’t there be a relatively quick and simple process for determining the road to take in seeking the financial relief provided by bankruptcy? Well, […]
Bankruptcy: a powerful and often underutilized consumer tool
It is perhaps apt imagery to refer to the slippery slope of debt when discussing the financial difficulties that over time ensnare many Americans and introduce material instability into their lives. Although the details vary from case to case, it is not uncommon for debt problems to first emerge for individuals and families after an […]
After bankruptcy, rebuilding credit is important
The decision to file for bankruptcy is a big one, and those who understand the implications of a filing do not take it lightly. Probably the biggest reason to be cautious about filing for bankruptcy is the impact a filing has on one’s credit. While a bankruptcy filing may not have an immediate drastically negative […]