Almost all personal bankruptcy cases in Wylie, TX are considered voluntary, or when the debtor decides to file for bankruptcy on their own. An involuntary bankruptcy case is when the creditor decides to file a bankruptcy case against a consumer. Here are the reasons why these cases are so rare: It is difficult for a … Read more
If you have recently lost income or acquired an excessive amount of unmanageable debt, filing chapter 7 bankruptcy may be the right decision for your needs. Understanding the complete legal process will ensure your bankruptcy proceedings are finalized smoothly and efficiently. Counseling Credit counseling is mandatory, so you must undergo these counseling sessions before you … Read more
I have a tremendous percentage of my clients who come to me after having tried some type of credit counseling program. The reaction is always the same — “I should have come to you first.” The purpose of this post is to give you a sense of how credit counseling works and how a Bankruptcy … Read more
If you’re considering bankruptcy, you might wonder what the difference is. Personal bankruptcy can be filed with a Chapter 7 or a Chapter 13. A Chapter 7 bankruptcy allows you to walk aways from all your debts. If you file a Chapter 13 bankruptcy, you’ll pay a portion of the debt over 3 to 5 years. If you’re at your wits … Read more