Should You File for Bankruptcy Without a Lawyer?

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No one is required to hire a lawyer when they file for bankruptcy in Texas. However, even the simplest bankruptcy cases require a lot of time, effort and research, which you must be willing to do on your own in order to have a successful case. Every bankruptcy case has its own unique complexities. Lawyers can help you sort through those complexities, but if you still want to file on your own, you need to consider all possible risks and rewards. When To Consider Filing for Bankruptcy Without an Attorney If you have a very simple Chapter 7 bankruptcy case, you may...

07 August

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How to Prepare for Bankruptcy

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in Bankruptcy

Filing for bankruptcy in Texas is easy as long as you follow certain steps and procedures, and also avoid taking certain actions. People will many times think they are helping their case by paying off as many debts as they can, but the reality is they are hurting themselves more than anything. Preparing for bankruptcy requires advice from bankruptcy lawyers in Houston to ensure you’re doing things the right way. Here are some other ways to help you prepare for bankruptcy. Speak to a Bankruptcy Lawyer First Speaking to a reputable and trustworthy bankruptcy lawyer in Houston should be done as early...

31 July

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Erase Tax Debts by Filing for Bankruptcy

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in Bankruptcy, IRS Tax

When filing for bankruptcy in Texas, the most difficult type of debt to erase is tax debt. However, even though the common misconception is it’s impossible to wipe away your back taxes, you actually may be able to reduce a significant amount of debt. Dealing with the IRS is tricky and requires a tax attorney to be on your side. There are many different factors that go into erasing tax debt, and you must follow certain requirements to even be in consideration. Here are the main things you need to know about erasing tax debt through filing for bankruptcy. Basic Requirements to...

24 July

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The Difference Between Chapter 7 and 13 Bankruptcy

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in Bankruptcy

Determining when bankruptcy is your best option for your financial situation can be tough. But when you meet the realization, you need to decide whether filing for Chapter 7 or Chapter 13 bankruptcy will benefit you the most. These are the two most popular types of bankruptcy filed in the United States and the state of Texas, and there are some important differences to consider with each. Chapter 7 Bankruptcy Filing for Chapter 7 bankruptcy could provide you complete relief of all your debts. A quick way to determine whether you qualify is to speak with the best bankruptcy attorneys in Houston...

17 July

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How Does Bankruptcy Affect Your Credit Score

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in Bankruptcy

The primary issue that discourages quite a few individuals from filing for bankruptcy is the negative effect it can have on a credit score. It is true bankruptcy in Texas can remain on your credit report for up to 10 years, which can seriously impact your credit rating. However, if you don’t file for bankruptcy and allow your debts to go into collections, this will also impact your credit negatively. Chapter 7 or Chapter 13? The type of bankruptcy that you file, Chapter 7 or Chapter 13, is going to determine how much it affects your credit rating. You can discuss the...