Many recent news reports about personal bankruptcy focus on the fact that filings are well down this year compared to 2019. In the second quarter of this year, filings were just 60 percent of the average over the previous five years. The government's response to the...
FORT WORTH TEXAS BANKRUPTCY LEGAL BLOG
What is bankruptcy counseling?
Filing for Chapter 7 or Chapter 13 is a big decision, but it can also be the best option to eliminate overwhelming debt and get your financial house back in order. Bankruptcy can be a long and complicated process, and consulting with an experienced attorney is the...
Obtaining and using a credit card after bankruptcy
Bankruptcy can damage a person’s credit. However, rebuilding it over time is still possible. Having good credit is in any consumer’s best financial interest. Even if they have a low score, there are plenty of ways to get back on top. One of the simplest ways to do so...
What kind of debt can Chapter 7 bankruptcy discharge?
Bankruptcy is a powerful resource that thousands of Americans rely on to free them of financial hardship every year. There are a lot of misconceptions about what bankruptcy does, and what it gets rid of. Chapter 7 bankruptcy does not eliminate all forms of debt;...
Who can file for Chapter 7 bankruptcy?
Now more than ever, families are struggling to make ends meet. As the past due bills continue to pile up, people may be at a loss – trying to figure out what to do next. For many, Chapter 7 bankruptcy may be an option. Unlike some other forms of bankruptcy, Chapter 7...
4 common bankruptcy myths
Many people have heard about bankruptcy, but there is also a great deal of misinformation about the bankruptcy process. These myths may make you unwilling to consider bankruptcy, and knowing the truth about this process could be key to making an informed decision...
Divorce can take a heavy toll on your finances
If you recently navigated divorce proceedings in a Texas court, you may have already encountered numerous emotional, physical or financial challenges as you adapt to your new lifestyle. If you're a parent, all three issues might be intensified as you do your best to...
Don’t panic about your property when filing for Chapter 7
Making the choice to file for bankruptcy protection is not easy. If you find yourself moving forward with this process, you probably have some significant concerns about how this process will impact your future. Like many others who consider bankruptcy, you may wonder...
Will bankruptcy bring relief after job layoff?
Nothing is certain, but when the economic climate of the country becomes rocky, it is understandable to feel nervous about the future. For many, this may mean worrying about their vacation plans or their retirement. However, if you are already struggling to pay your...
One mistake can turn dead debt into zombie debt
Most debts have an expiration date. If that statement surprises you, you may be among the many in Texas that debt collectors take advantage of by trying to collect a debt that has already reached its time limit. Time-barred debt includes any debt that is too old for a...
