Can you purchase a home after your bankruptcy is over? The short answer is ABSOLUTELY! I have had hundreds of clients successfully purchase homes after they received their bankruptcy discharge. The bankruptcy discharge is what you receive once you have completed your bankruptcy. If you filed a chapter 7 bankruptcy and received a discharge, you …
When you file bankruptcy, you are required to disclose all of your assets. This includes any inheritance you may receive (even if you have not received it). The most important fact regarding an inheritance is when the person passed away. If you receive the inheritance before filing, then you should discuss with your attorney on …
The idea of bankruptcy is scary. There is a negative stigma associated with it and most people do everything in their power to avoid having to consider it. However, a lot of the fears associated with bankruptcy are unfounded and simply put, are not true. 1. My Credit Will Be Ruined Forever A lot of …
3 Biggest Fears of Filing Bankruptcy (and what to actually do about them) Read More »
Outside of Bankruptcy, Creditors have a lot of power. If they file a lawsuit and obtain a judgment, they can severely impact your life and your finances. The first thing a judgment creditor can do is garnish your bank account. In some situations, depending on where your employer is located, they also may be able …
For most people, considering filing bankruptcy is extremely stressful. You are dealing with creditors calling you, lawsuits being filed against you and your credit score tanking. In addition to that, there is the stigma associated with bankruptcy. Filing bankruptcy for many people feels like they are a complete failure, it’s like they are giving up. …
Chapter 7 First, let’s start with a Chapter 7 Bankruptcy, which is also known as the liquidation chapter. In a Chapter 7 bankruptcy, you want to get rid of your debt in the fastest way possible. A chapter 7 allows you to discharge your unsecured debt in as little as 100 days. In addition, if …
Chapter 7 or Chapter 13 bankruptcy? – Texas Bankruptcy Laws Read More »
