Debt Settlement vs. Bankruptcy: What’s the Difference?
If you are struggling with overwhelming debts, debt settlement and bankruptcy are two options that can help you regain good financial health. While many people are familiar with the word “bankruptcy,” debt settlement is...
Why It Is Important to Review Your Credit Report Before Filing Bankruptcy
You may hear about why it is important to review your credit report annually to make sure information is current and being reported properly to the credit bureaus. But anyone considering bankruptcy should also...
What You Should Know About Bankruptcy Fraud
Bankruptcy fraud is a serious federal offense that can cost you more than just your personal possessions – it can cost your freedom. There are various ways debtors try to deceive the court from...
Using Bankruptcy to Stop or Prevent Wage Garnishment
The state of Texas, along with a few other states, may not allow creditors to garnish wages to satisfy debts, except for special circumstances such as spousal / child support, student loans, and federal...
How Much Debt Is Required to Be Repaid in Chapter 13 Bankruptcy?
Chapter 13 Bankruptcy is known as the “wage earner plan” because it allows debtors who have some amount of disposable income to retain their property and make payments toward their debt over the span of several...
Personal Bankruptcy and Business Ownership: What You Need to Know
If you file personal bankruptcy, it can take a significant toll on any business ownership in your name, depending on how the business was legally organized and the type of bankruptcy petition filed with...
5 Reasons Why You Should Never Lie to the Bankruptcy Court
There are too many debtors who think they can file bankruptcy protection and feel the court doesn't need to know everything about their finances. The bankruptcy code was established with federal regulations providing a...