When considering bankruptcy as a potential solution for overwhelming debt in Texas, it is important to understand that not all debts can be discharged. Certain obligations, known as non-dischargeable debts, will remain the debtor’s responsibility even after the...
When people get into bad financial situations and their debts become overwhelming, bankruptcy can offer them a way out and a fresh financial start. What happens, however, if that fresh start turns out to lead right back down a path toward even more crushing debt? This...
Bankruptcy is a legally sanctioned process that allows individuals and businesses to restructure or eliminate their debts. However, filing for bankruptcy is often a deeply emotional process and people can sometimes try to avoid it for far too long. If you're in debt...
Individuals considering bankruptcy will usually file for either Chapter 7 or Chapter 13 bankruptcy unless they have a small business or run a family farm. Those with below-average income or few personal resources may choose Chapter 7 bankruptcy to benefit from a...
