Texas residents who are in debt might benefit from learning about the different benefits of filing Chapter 7 bankruptcy. This option is often referred to as the liquidation chapter of the U.S. Bankruptcy Code. Chapter 7 bankruptcy allows debtors to discharge the debts listed on their bankruptcy schedule. However, when a person files, a court appointed trustee is tasked with collecting and selling all non-exempt property belonging to the debtor.
Quick action needed to stop creditor harassment for medical bills
Medical bills can quickly ruin a family budget. These often-unexpected expenses can leave people very stressed, as money simply does not grow on trees. It doesn't take very long for creditors to begin calling over past due medical bills, either. Here are a few tips to keep medical expenses from completely devastating your family's financial future.
What are the costs of filing for Chapter 7 bankruptcy?
Filing for bankruptcy is something that is done when mounting debt is too much to overcome, but the fact of the matter is that you do need some money up front to file for it at all. Understanding these costs can help you make a wise decision about what you should do, and it can help you prepare so that you are really ready to file for Chapter 7 bankruptcy and start a new stage in your financial life.
