Foreclosure Defense in Tyler, Texas: A Strategic Guide In Tyler, Texas, where the dream of homeownership is cherished, facing foreclosure can be a daunting and distressing experience. However, homeowners are not without options and defenses. Understanding...
Tyler Bankruptcy Law Blogs
Your Insider Guide To The Judgment-Proof Myth
The Judgment-Proof Myth: The Truth In the heart of Tyler, Texas, many individuals grappling with debt have encountered the term "judgment-proof." It's a concept often shrouded in misconceptions, leading some to believe they're invulnerable to creditors' claims due to...
Navigating Bankruptcy: What You Need to Know to Avoid Legal Pitfalls
Bank Account Freezes During Bankruptcy When an individual faces bankruptcy, the freezing of their bank accounts can have significant consequences. This occurs when a creditor obtains a judgment against the debtor, leading to restricted access to the funds. For...
Unveiling the Impact: Texas Bankruptcy Exemption Changes and Their Effects on Tyler Residents
These changes have brought about an expanded homestead exemption, which allows homeowners to protect more equity in their primary residence. For example, a homeowner in Tyler, Texas may now safeguard a larger portion of their home's value from creditor claims,...
Navigating Bankruptcy Laws and Bank Accounts in Texas: A Comprehensive Guide
Understanding the Impact of Bankruptcy on Bank Accounts in Texas Bankruptcy laws in Texas have significant implications for bank accounts, with the impact varying depending on the chapter of bankruptcy filed and individual circumstances. In Chapter 7 bankruptcy, bank...
The Definitions of all the Bankruptcy Codes in Texas
When filing for bankruptcy in Texas, there are several important codes and statutes to be aware of. Here is an overview of the major bankruptcy codes Federal Bankruptcy Code Chapter 7, Chapter 11, Chapter 12, and Chapter 13 of the US Bankruptcy Code provide the...
Facing Financial Hardship?
'sGoing through difficult financial times can be incredibly challenging. Loss of income, mounting debts, and unmanageable bills can push individuals and families to their breaking point. If you’re facing a severe personal financial crisis, bankruptcy may provide the...
Does Having More Student Loans Allow Me to File Bankruptcy?
A recent study looked at the experience of people who were attempting to pay off their student loans in order to figure out whether or not there was a geographic connection to the people who had the most challenges paying off their debts. The study explored all of the...
How Do I Know Whether or Not Filing Bankruptcy Is Right for Me?
The decision to file for bankruptcy affords you many different protections, but you must be clear about your rights as well as your responsibilities when you make this choice. It’s recommended that you sit down with a bankruptcy attorney to ensure that filing for...
Understanding What to Do If A Debt Collection Agency Contacts You About Your Student Loans
If you are contemplating filing for bankruptcy and have already been contacted by a creditor because you are past due on payments that you owe associated with the debt, you need to be prepared to consult with an experienced attorney immediately. Only a lawyer can...
Is Medical Bankruptcy Really That Common?
Most people know that just -- that all it takes is one bill to have a significant financial setback. In fact receiving one large emergency room bill, or set of hospital bills after a diagnosis of a medical condition can lead to filing bankruptcy. Although new research...
New Study Connects Job Loss to Decrease in Health
The loss of a job can have significant repercussions not just for you but for everyone else in your family. You may even need to file for bankruptcy after consulting with an experienced attorney. Job loss can send impacts throughout your personal life as you struggle...
No Insurance an Increasing Problem for Heart Patients
Many people who think about filing for bankruptcy do so because they find themselves in a financial bind due to medical problems. The sudden emergence or diagnosis of a medical issue can present unique challenges for you and your loved ones and getting the necessary...
Common Myths About Your Credit Report and Bankruptcy
Far too many people fall prey to the myths surrounding bankruptcy and your credit report. Properly understanding how bankruptcy can impact your credit and the steps that you should take to repair your credit as soon as possible after filing can empower you for a...
Most People Go Bankrupt for Reasons They Can’t Control, Studies Show
Unfortunately, there has been a negative stigma surrounding bankruptcy for many years. Many people who admit that they may need to file bankruptcy because they are in over their head financially may feel a sense of shame regarding their individual situation. However,...
Are People More Likely to Have Success with Chapter 7 Or Chapter 13 Bankruptcy?
Are you curious about whether or not Chapter 7 bankruptcy eligibility requirements are something you could meet? Do you want more information about how to get help when it's time to consider bankruptcy as a serious option? Most people want to try to get a dismissal...
5 Most Common Reasons for Bankruptcy
Making the decision to file bankruptcy is never easy. In many cases, bankruptcy is the best option for individuals and families experiencing extreme financial difficulty. Here are the five most common reasons for filing bankruptcy and how to get sound advice...
How to Handle Creditor Harassment with Bankruptcy
Most people consider that one of the best outcomes of bankruptcy is that the creditor harassment stops. In fact, it might have been even those nonstop phone calls across the day that prompted you to schedule a consultation with a bankruptcy lawyer. A bankruptcy...
Handling A Serious Medical Problem and the Resulting Bills
If you or a family member has recently received a serious diagnosis that will prompt catastrophic treatments, or if you were involved in an accident that led to significant bills, there is no doubt that you're concerned about your financial future. A recent study...
The Bankruptcy Means Test
One of the most commonly filed forms of bankruptcy today is Chapter 7. What this form of bankruptcy does is allow you to liquidate assets that are non-exempt, not including your home, car, and other things needed for day-to-day life, to pay your debts. If you still...
How to Get a Student Loan Discharged With Bankruptcy
Although student loans are typically considered "untouchable" by bankruptcy because they're a secured debt like tax debt, there are some circumstances that allow borrowers to have their student loans discharged. To be eligible, you must meet certain criteria. More...
Can You Buy a Home After Filing Bankruptcy?
One of the most common misconceptions about buying a house after bankruptcy is that it can't be done. Or, that it has to be done after the bankruptcy is no longer on your credit report. This usually takes 7-10 years, depending on the type of bankruptcy you filed...
Can You File for Bankruptcy on Your Own?
If you feel like you’re drowning in bills and have more debt than you can handle, bankruptcy seems like a viable option. However, most people in this situation don’t have a lot of money to spare, so paying a bankruptcy attorney may seem counter-intuitive. Today’s...
If You’re Considering Bankruptcy, Avoid Doing This
If you're thinking about filing for bankruptcy, you may have heard some things that may make filing for bankruptcy easier or may better prepare your finances for the process of filing. However, not all of these things are in your best interest. Here are three things...
What to Know When Filing a Second Bankruptcy
If you filed for bankruptcy before, you know it can be challenging and rewarding. Getting out from underneath crushing debt can help you in many ways, but what happens if you find yourself in debt again? Is it possible to file bankruptcy a second time? It is, but...
How to Get Rid of Tax Debt by Filing Bankruptcy
Filing a Chapter 7 bankruptcy can help you to get out of a great deal of debt, including medical bills, credit card debt, and more. However, tax debt is considered a "secured" debt and isn't as easy to get out of. But, if you meet certain criteria, back taxes could be...
Are You Being Harassed by Creditors?
Becoming overwhelmed with bills is disheartening. Sometimes, you struggle when choosing to pay for groceries or an old medical bill. However, when you add creditor harassment into the mix, it can begin to feel like you're drowning. Contrary to what many people...
Texas Bankruptcy Exemptions
Many people are concerned about losing their possessions if they file for bankruptcy, including their home and their vehicle. This isn't quite true, however. While some assets are inevitably liquidated during the bankruptcy process, there are a great deal of assets...
5 Myths About Debt Consolidation
Many companies advertise debt consolidation as a way to get out of debt, or put all of your debt in one place and have lower interest rates. Learn about the myths surrounding debt consolidation and how to know if it's the right choice for you. 1. You Need a Formal...
When Can Creditors Freeze My Bank Account?
One of the worst things to happen when you are overwhelmed with debt is a creditor freezing your bank account. A frozen bank account is detrimental when you're already struggling to make ends meet. Yet, it is a very real possibility for individuals who owe...
Chapter 13 Bankruptcy Q&A
Bankruptcy can be confusing and intimidating. Here are answers to the most frequently asked questions about a Chapter 13 bankruptcy. 1. Chapter 13 Bankruptcy Explained Chapter 13 bankruptcy enables an individual to pay back all or some of their debts under the...
How to Buy a Car After Filing Bankruptcy
You've filed for bankruptcy and things seem to be going well without creditors harassing you. You haven't taken on any new debt, but eventually you will need a new vehicle. Unlike your home, your vehicle will need to be replaced at some point during or after your...
What Creditors Cannot Do When They Call You
Under the Fair Debt Collection Practices Act (FDCPA), creditors have to abide by certain laws and regulations regarding what they can and cannot do when attempting to collect a debt. However, many unscrupulous creditors regularly violate these laws and engage in...
Understanding the Bankruptcy Process
Bankruptcy can be confusing for many families who are struggling with debt and are striving to regain control over their financial life. So, here's what you need to know about the bankruptcy process and how an experienced lawyer can assist you with navigating this...
Tips for a Successful Chapter 7 Bankruptcy
Filing for a Chapter 7 bankruptcy can seem overwhelming at first, but with the help of an experienced bankruptcy attorney, it is often a smoother process than people expect. Here are some simple tips for a successful Chapter 7 bankruptcy. 1. Don't Accumulate New Debt...
Credit Counseling Myths
In today's tough economic times, it's not uncommon for people to have numerous debts and be pursued relentlessly by credit collections agencies. Many people erroneously believe that bankruptcy is the worst-case-scenario and instead opt for credit counseling, believing...
What You Need to Know About Non-Dischargeable Debts
Filing a Chapter 7 bankruptcy means that you may be able to get your debts discharged. However, whether or not you can get all of your debts discharged depends on the type of debts you have. Not all debts are dischargeable, and you may still owe some debts...
Tips for a Successful Chapter 13 Bankruptcy
A Chapter 13 bankruptcy can be an excellent way to get out of debt while keeping your assets and getting back on track financially. Here are some tips to have a successful Chapter 13 bankruptcy. Gather Your Financial Documents & Provide Them to the Bankruptcy...
Discover 5 Misconceptions About Filing For Bankruptcy
Filing For Bankruptcy In Texas: What You Need To Know Filing for Bankruptcy can be a difficult and stressful process. You are not alone, hundreds of Texans file for Bankruptcy every year. There are many things to consider before taking this step, such as your...
How to Buy a New Home After Bankruptcy
Recovering after filing for bankruptcy can seem overwhelming, especially when you're limited by what you can do. Although you are now able to manage your debts, your credit score is low and it's difficult to get a loan or in some cases, a job. You may be...
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