Many people who file for bankruptcy want to know when they should stop paying creditors. Depending on the type of bankruptcy you file and what types of debt you owe, it may or may not be wise to stop paying your creditors before you file for bankruptcy. Here’s what you need to know. Tax Debts… Read More »

If your rental property is going into foreclosure, you need to take action immediately. Here’s what you need to know. 1. You Must Inform Your Tenant of Impending Foreclosure If you received notice from your lending institution that they intend to foreclose on the property you are renting out, you need to let your tenant(s)… Read More »

In a Chapter 13 bankruptcy, you must submit a budget to the court in order to determine what your disposable income is and what you may be able to pay the court during your repayment plan. If you’ve not ever budgeted, or have tried unsuccessfully to budget, coming up with one before bankruptcy can be… Read More »

Many people filing for bankruptcy have questions about what will happen to their credit cards when they file. Will they be able to keep them but not use them? Will they have to be surrendered or will the company cancel the card? Can other credit be obtained later after the bankruptcy is completed? Here are… Read More »

Increasing costs of health care and falling pensions are causing more senior citizens in Texas to seek bankruptcy relief. When filing for bankruptcy, older adults may enjoy specific advantages. But for seniors who possess a great deal of non-exempt property, bankruptcy may not be the appropriate choice. Your Medical Bills Can Be Eliminated by Filing for Bankruptcy Medical debt is among… Read More »