One of the biggest myths in bankruptcy, mostly perpetuated by the credit card industry, is that you will lose everything if you file bankruptcy. These myths are constantly being put out there to scare you away from bankruptcy and the debt relief you may desperately may need.
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Good news! The bankruptcy laws in Texas let you erase all your debts and still keep all or most of your property. For many families struggling with debt, it’s the best of both worlds.
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With most of the world still in recession, there also begins a new challenge to approach how to keep yourself afloat amidst all the present uncertainties. Here are some helpful oaths you can raise your right hand and swear to. Spend only for the essentials.
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People who are forced into Chapter 7 bankruptcy often have questions about what is going to happen to their home and car. There are three options, each having its benefits and drawbacks, which are available to you.
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After you file a Chapter 13 bankruptcy petition, expect to put together a proposed plan of how you will pay it all back. This means you need to show your income, living expenses, and how you expect to pay back the payments.
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