When Filing for Chapter 7 Bankruptcy May be Your Best Option

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Filing for bankruptcy is generally one of the last things people or businesses want to do when their finances aren’t where they need to be. While it can be seen as giving up, filing for Chapter 7 bankruptcy can actually be a smart decision in some cases. Working with the best bankruptcy lawyers in Fort Worth can help you along the way with getting your finances in order, including knowing when the time is right to file for bankruptcy. Here are some examples of situations where filing for bankruptcy could be your best option. Medical Expenses Have Buried You Medical emergencies are...

09 April

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The Impact Bankruptcy has on Children

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in Bankruptcy

Families who are considering filing for bankruptcy in Texas often think how the decision will impact their children. Of course, there will be some psychological effects on them because of the nature of the situation. But just as importantly, families want to ensure they will still have enough money left to support their children. There are some definite pros and cons when it comes to filing for bankruptcy with children, and Texas bankruptcy lawyers can bring some clarity to every situation. What Happens To Your Child’s Property For the purposes of a bankruptcy proceeding, everything you’ve purchased for your child is considered...

02 April

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The Effect Bankruptcy has on Your Retirement Plan

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in Bankruptcy

Whether you’re already at retirement age or if you’re younger and seriously thinking about retirement, filing for Chapter 7 bankruptcy in Houston may not be your worst option. Individuals have many different things to consider about their retirement accounts, such as whether they are currently using them or not, if distributions are being taken out and more. Most of the time, a creditor isn’t able to take any money out of retirement accounts, but every situation is unique and requires the expertise of a Houston bankruptcy lawyer. Here are a few points to consider when it comes to the effect...

26 March

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5 Student Loan Facts to Consider Before Becoming a College Student

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in Lawsuits, Student Loan Debt

With the price of college tuition today, applying for student loans is almost inevitable for the average person. You’ve likely heard many stories of how people work to pay back student loans for the rest of their lives. This is the unfortunate truth if you don’t do your research and work with a student loan debt attorney to provide you with the best repayment options. Here are five facts about student loans every prospective college student in the Houston and Ft. Worth areas should consider. Scholarships Reduce Financial Burdens Significantly One of the best ways to prevent having to work with a...

19 March

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Can You File for Bankruptcy More Than Once?

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in Bankruptcy, Lawsuits

One of the benefits of filing for bankruptcy is to begin a new financial path free from the stresses of being under mounds of debt. Every Chapter 7 bankruptcy attorney sees new cases every single day, and each of them are unique. Sometimes the reasons why people have to file for bankruptcy are because of poor financial decisions, but other reasons may include unexpected medical bills, job loss or other factors outside of a person’s control. And just because these events happen once doesn’t mean they won’t happen again. Here’s what you need to know about the possibility of filing...