texas bankruptcy lawyers Tag

3 Strategies to Avoid the Debt Trap

texas bankruptcy lawyers

With how convenient it is to spend money in today’s world, it’s no wonder why so many people are in debt. Credit card debt is steadily climbing, especially as payment options are becoming more convenient and effortless. No one ever wants to talk to Texas bankruptcy lawyers about their financial situation, but it’s becoming more common every day. The good news is with a little strategic planning and discipline, you can be well on your way to avoiding the dreaded debt trap. Here are three effective strategies to consider. Set A Reasonable Budget Everyone’s budget looks differently, since we all have different...

Continue reading

The Risks You Take in Debt Settlement

debt defense attorney

Having several skipped or missed payments on certain types of debt can lead to collectors calling you around the clock to get their money. Sometimes it can get to the point where you’ll do anything just to stop the harassment. A common way to do so is to work with a debt settlement company and have them negotiate your debt to reduce the amount owed. While this may seem like an ideal scenario on the surface, it’s far from a guaranteed good outcome. Any bankruptcy lawyers in Houston will tell you to proceed with extreme caution if you pursue debt...

Continue reading

Are All Debts Treated Equally in Bankruptcy?

debt defense attorney

Unless you’re an experienced debt defense attorney, you may not know exactly how your debts will be treated during bankruptcy. It’s important to understand that not all debts are treated equally, so before you file for Chapter 7 or Chapter 13 bankruptcy, working with an attorney to determine a strategy is beneficial in many ways. Most debts can be included when filing for bankruptcy in Texas, but it doesn’t mean they will all be discharged. Here’s what you need to know about how certain debts are treated in bankruptcy. Priority Debts May Not Be Discharged The most common priority debts include vehicle...

Continue reading

What to Know About Building Your Credit Score After Filing for Bankruptcy

houston bankruptcy lawyer

It goes without saying that filing for bankruptcy in Texas has a significantly negative impact on your credit score. But the good news is by taking proactive steps immediately after filing for bankruptcy, your credit score can slowly start improving. During this time it may be difficult to apply and get approved for credit cards and loans, so working with a Houston bankruptcy lawyer is important to make sure all of your bases are covered. Here’s what you should know about rebuilding your credit score after filing for bankruptcy in Texas. How Long Does Bankruptcy Remain On Your Credit Report? When you...

Continue reading

Is There a Way Tax Debt Can be Discharged in Bankruptcy?

texas bankruptcy lawyers

When you work with bankruptcy lawyers in Houston, one of the first things you may ask has to do with what happens to your tax debt. There is no standard answer, since every situation is unique. However, when you work with the best Texas bankruptcy lawyers, you’ll have a better chance of getting your tax debt discharged, or having your payments reduced at the very least. Some of the main factors that contribute to how much tax relief is available to you include: How old your tax debt is Whether you are filing Chapter 7 or Chapter 13 bankruptcy The...

Continue reading