People considering filing bankruptcy in Texas should be aware that only certain types of bankruptcy allow for tax debt relief. In addition, only certain kinds of federal tax debt are eligible for relief. Understanding how various types of bankruptcy work is important...
If collection calls are coming each day and there is no money to pay those past due bills, it may be time to file for bankruptcy. Senior citizens and those who are unemployed may not have the resources necessary to pay their debts because they have little or no income...
For some Texas residents, bankruptcy protection may be the only answer for debt relief. However, the question of which type of bankruptcy to file can be difficult due to the differences between them. Deciding on which type of bankruptcy to file can depend on a number...
Many people may have questions about what kinds of property they can keep when declaring bankruptcy in Texas. Depending on what type of bankruptcy someone files, certain assets may be exempt from collection activity.For example, vehicles that are still being financed...
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...
If you are a Texas resident facing financial circumstances that have you contemplating the benefits of bankruptcy protection, it is always a good idea to be sure you know what your options are before you flip the switch.There are distinct differences between the...
While terms associated with bankruptcy tend to remain static it does not mean every bankruptcy filing is the same. Each case is different and the elements of each need to be assessed carefully to come to a proper decision about whether bankruptcy is the right route to...
Finances are difficult for many individuals and families to monitor and control. Things have to be replaced, bills have to be paid, and then one still may have the desire to buy personal items. While these expenses are a part of life, they can be a challenge for...
No one looks to get into a financial situation they can't get out of. Perhaps that's why a lot of people in such circumstances often turn a blind eye to the signs that trouble looms. In the words of one credit counseling professional, it is a display of the "ostrich...
Retirement is something we build for ourselves. Gone for the most part are the days when a person became vested in a company pension plan. As such, the funds that are put into individual retirement accounts or an employer-sponsored plan like a 401(k) or 403(b) are...
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