Medical bills are a leading cause of bankruptcy filings. Some studies indicate that medical expenses are the primary cause of 62% of all bankruptcies. Regardless of the statistics, though, the fact remains that many people in Texas, even those with health insurance,...
Month: June 2021
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What does the trustee do in Chapter 13 bankruptcy?
Chapter 13 bankruptcy can be a good solution for someone with income or assets that has more debt than they can manage. Unlike Chapter 7 bankruptcy, the person filing won't need to sell their property to repay creditors. However, they will have to complete a repayment...
When finding a new job still doesn’t help you overcome your debts
Many people associate losing a job with bankruptcy. It’s easy to see, after all, how fast debt can get out of control if you no longer have a job. The solution, most people may assume, is to search for another job and regain their stable income, thus avoiding the...