Bankruptcy

Bankruptcy is viable option for debt relief

Texas residents who find themselves overwhelmed by financial obligations may be averse to filing for bankruptcy because of the presumed stigma it carries. They may not realize there are times when this form of debt relief may be the best thing they could do.When debts...

Important facts about filing for bankruptcy

When bills overwhelm an individual, bankruptcy might present itself as a legal way out of financial hardship. The process, however, comes with long-term consequences and may not solve all debt problems. In Texas, a person considering bankruptcy can get counseling from...

Actions to avoid before filing bankruptcy

When a person in Texas files for bankruptcy protection, a trustee is assigned by the court. In addition to assessing assets the debtor has on hand that can be sold to pay off creditors, the trustee is also responsible for determining whether valuable assets were...

When bankruptcy can be the correct choice

The last time a major change was made to bankruptcy laws was in 2005, when new regulations were passed that made it more difficult for people to file. Due to the stigmata that tends to be associated with filing for bankruptcy, it was considered by many to be a good...

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