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Bankruptcy Attorney
Helping People Of Waco
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Posts tagged "Bankruptcy"

Common questions for debt relief with bankruptcy

Bankruptcy can be a frightening prospect for many people. Some people may view it as a failure or think that a bankruptcy filing will destroy their credibility, and even when people do file for bankruptcy, they may find themselves confused by the many different options. Depending on your circumstances, you may want to file for Chapter 7 bankruptcy or Chapter 13. The good news is that if you need debt relief, there is likely a bankruptcy option for you.

Bankruptcy can provide relief from credit card debts

Credit cards are an important part of life for many Texans. We rely on credit cards to help us out financially when times are hard, but sometimes no matter how careful we are, unexpected circumstances can cause our credit card debts to spiral out of control. As wonderful as credit cards can be when they are on your side, they can be just as awful when they are turned against you. The financial strain may be the least of your worries if creditors start to harass you about getting their money.

How should I prioritize my debts?

There are many types of debts and payments in modern American households, from credit card debts and student loan debts to car loans and mortgages. Those who are juggling many of these different types have likely found themselves wondering if there is a specific strategy regarding which payments should be focused on first. The good news is that there is. Depending on what kinds of debts you have, you may want to funnel your funds toward one debt or payment over another.

American credit card debt could reach unsustainable levels

By all measures and accounts, our country's economy is seeing some much needed improvement. However, even though the economy is on the upswing, there are still many Americans who are struggling with debt. Much of the buzz around our country's debt focuses on the ever-rising student loan debts, but thanks to CardHub, some light is being shed on another significant form of debt: credit card debt.

Options for managing student loan debts

It's no secret that student loans in America are continuing to climb out of control. With over $1 trillion in collective student loan debts, there are thousands of Americans who are desperately searching for ways to manage their debts. This article lists many of the most common repayment options, but it may not tell indebted individuals what they want to hear. Unfortunately, when it comes to student loans, your only real option is to pay them.

Bankruptcy can start you on the road to financial recovery

The economy appears to be on the road to recovery, but not everyone can find the access ramp. There are still many Americans who are struggling under the trillion dollar collective student loan debt across our country and many who can only afford to live by charging multiple credit cards. Unfortunately, those credit card debts will only continue to grow if you do not pay them off, and for those who are too far in debt, there may seem like no viable option.

Steps to take before bankruptcy

When you are struggling with debt, bankruptcy is a difficult choice to make, even if you need the debt relief. As your debt piles up, and you decide to file for bankruptcy, you will likely be struggling with many difficult emotions, as well as your debt. These emotions may make it even more difficult to proceed with your bankruptcy filing. Fortunately, good preparation can make your bankruptcy case much easier.

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.

New program could mean debt relief for students

Student loan debt is quite possibly the biggest financial crisis currently facing this country. As the nationwide student loan debt crests the $1 trillion mark, many Americans find themselves seeking debt relief in order to lead the lives they want. Debt does not discriminate based on geography, so even Texas residents may find themselves struggling to afford the lifestyle they want with hundreds of dollars a month going toward paying off student loans. And while a new government program may bring hope to some, it is only a small step in the right direction.

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