When facing the possibility of filing bankruptcy, one must choose between the chapter 7 and chapter 13 options, depending on their situation. Chapter 13 bankruptcy is the “reorganization” chapter in which the debtor maintains control over their assets while gradually repaying their debts through a three to five-year payment plan. Contrarily, Chapter 7 bankruptcy traditionally … Read more
When faced with the possibility of filing for bankruptcy, it is important to fully understand and survey all of your options. A trustworthy attorney is vital in helping you choose what type of bankruptcy filing works best for your individual situation. The team at Collins & Arnove can advise you in filing for either Chapter … Read more
Filing for bankruptcy in Allen, TX gives you that clean financial slate, but there is also that fear that your credit will now be in shambles for forever. The impact that bankruptcy will have on your credit will fade as the years pass, and there are things you can do to help. Here are four … Read more
Filing Chapter 7 bankruptcy may be an option to consider if you are drowning in debt that you are unable to pay due to the loss of income or other financial issues. Not only will this filing reduce your monthly bills and free up much-needed income, but bankruptcy also stops harassing calls and letters from … Read more
Whether you have lost your job or accrued an overwhelming amount of debt that seems impossible to pay, filing Chapter 7 bankruptcy may become a reality for you and your family. Unfortunately, you may not understand the different bankruptcy options available to consumers. If you are ready to take back control of your finances, you … Read more
Chapter 13 bankruptcy Allen TX is a type of debt repayment plan for individuals who don’t qualify for Chapter 7 bankruptcy. People with a regular income can keep their property and repay creditors in three to five years under a court-approved plan. This legal option allows consumers struggling with car, tax or mortgage payments to use … Read more