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February 2015 Archives

Can I file for Chapter 13 bankruptcy?

For many people, the decision to file for bankruptcy is a very difficult decision and one that is not taken lightly. However, even when the decision to file for bankruptcy is finally made, filers must then decide which type of bankruptcy filing is right for them. Most people think of a Chapter 7 bankruptcy when they hear the term bankruptcy, but depending on your circumstances, a Chapter 13 bankruptcy may be more appropriate for you.

Discharging credit card debt can help pay off other debts

As the student loan debt in this country continues to climb, more and more college graduates are likely to realize that their debt is stifling their growth and getting in the way of their goals. Texas is no exception, and many of our state's residents are likely struggling along with the rest of the country. You may make use of credit cards and try to live conservatively as best you can, but eventually those student loan debts will have to be dealt with.

Texas company files for Chapter 7 bankruptcy

A Texas company filed for Chapter 7 bankruptcy near the end of January, citing debts to hundreds of creditors and inability to pay several unsecured investors. The filing comes after a multitude of problems, ranging from massive debts to a $5 million lawsuit. It is expected that the company will be liquidated its $10 - $50 million in assets in order to repay secured creditors. The end of February will see a creditor meeting as the bankruptcy filing moves forward.

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