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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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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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...

12 March

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Life After Bankruptcy

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Deciding whether you need to file for Chapter 7 bankruptcy can be stressful. However, once the process is complete, many people find relief knowing they have the opportunity to essentially create a new life. It’s understandable you may feel a lowered sense of self-esteem as a result of filing for bankruptcy, but Texas bankruptcy lawyers will tell you it can happen to anyone and it’s nothing to be ashamed of. Take your bankruptcy case as an opportunity to create a better financial situation for you and your family by considering these points. Plan Your New Beginning Bankruptcy can provide a huge sense...