Before you decide to declare Chapter 13 bankruptcy, it’s important to consider the pros and cons. It is generally recommended for individuals who can afford daily living expenses but are struggling to make payments on debts. Pros to declaring Chapter 13 bankruptcy include: all property is kept; debt payments may be reduced or stretched out;… Read More
An Overview of Texas Chapter 13 Bankruptcy
When you’re considering filing bankruptcy, you may not be aware of the options that you have. A Chapter 13 bankruptcy doesn’t discharge all of your debts, but it does put you on the path towards a new and bright financial future, free of credit problems. The path might not be easy, but the assistance of… Read More
CHAPTER 13 BANKRUPTCY
If you are financing your car, you have different options on what you may do with your car in Chapter 7 and Chapter 13 bankruptcy. In Chapter 7, you have three options: Reaffirm the debt. This means you sign a new contract under the same terms of the old contract. Bankruptcy often removes your personal… Read More