How Car Repossession Works & How To Stop It In Texas

If you are behind in paying your car payments, you may face repossession. Many people believe that a lender must file a lawsuit to begin the car repossession process. However, this is not true. A lender can begin the car repossession process by simply taking your...

The Statute of Limitations on Debt Collection in Texas

Dealing with large debts can be extremely stressful and overwhelming. Creditors and debt collectors can be aggressive or even abusive when seeking repayments. However, as a consumer, you are protected by several laws that oversee debt collection within the state. To...

Pros & Cons of Bankruptcy: Filing For Chapter 7

It can be stressful and frustrating when you’re struggling to pay debts that you cannot afford. Dealing with debt can be even more overwhelming when creditors and collectors do not care about your reasons for not repaying debts. They simply want their money and will...

Should You File For Bankruptcy With No Money?

Should You File For Bankruptcy with No Money? The cost of a bankruptcy is always a concern for debtors. The reason people file for bankruptcy in the first place is that they’re in dire financial straits. They have outstanding debts that they cannot repay. However,...

Cash in the 401(k) or File for Bankruptcy?

Maybe you have lost a job, making it difficult to stay current on mortgage payments. Maybe an illness or prolonged sickness has created medical bills you can’t possibly pay. With these financial pressures, you find yourself using credit cards more and more often just...

How to Deal With Bankruptcy as a Senior

While everyone who goes through bankruptcy feels fear and uncertainty about the future, it tends to hit seniors a bit harder. Younger individuals have a lot more time to recover financially. However, if you are of retirement age and have just filed for bankruptcy, you...

The Three Classes of Debts

You will be able to understand how bankruptcy works much better once you understand the three main classes of debts. Bankruptcy law does not play favorites with your creditors, except when those creditors are legally different. The most basic way that creditors are...