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 »

Have you ever received a letter about a debt from a company that you’ve never heard of before? If so, you likely received a letter from a debt buyer — a company that buys debts from other companies at a discount and then works to collect the money owed from the debtor. This is a… Read More »

Financial problems can happen to anyone, even famous people who have made millions of dollars. Here are 5 celebrities who went bankrupt, and what you need to do if you are experiencing money troubles yourself. 1. Debbie Reynolds This 1950’s actress made millions for her acting roles, but she seemed to always be plagued by… Read More »