Bankruptcy Articles

Please check back often as we continue to bring you the latest information regarding bankruptcy.

• Understanding The Different Types of Bankruptcy
  • People who are heavily in debt and find themselves unable to pay back what they owe to creditors have the option of filing for bankruptcy. Bankruptcy is a legal avenue that provides debt relief to consumers. Read the full article by clicking here.



• What is foreclosure?
  • Foreclosure is a legal proceeding in which a creditor pursues legal action to take back property that they have loaned money against and the debtor has defaulted on their obligation to make payments. Read the full article along with other topics covered that include 'Why are foreclosures on the rise?', 'How can bankruptcy stop foreclosure?', and 'Can I stop a foreclosure without filing bankruptcy?'



• What is repossession?
  • Repossession is a legal process whereby a creditor collects property owned by the Debtor in which the payments have fallen delinquent. Read the full article along with other topics covered that include 'How can bankruptcy stop repossession?'



• Irving, (Dallas) TX Bankruptcy: Dischargeable Vs. Non-Dischargeable Debts
  • Some debts fall under the category of what is commonly called “non-dischargeable debt”. Before you file for an Irving, TX bankruptcy, you need to find out how much of your debt you will likely be able to get discharged and how much you will retain. Read the full article along with other topics covered that include 'Dischargeable & Non-Dischargeable Debts'



• Is a Mesquite (Dallas), TX Chapter 13 Bankruptcy Right For You?
  • Bankruptcy is a way to wipe the slate clean and give you a fresh start by eliminating as many of your debts as possible. This is either done through liquidation of all debts owed or through the repayment of your creditors based on a schedule that you can handle. Read the full article along with other topics covered that include 'Chapter 13 Bankruptcy & the Reorganization of Your Debt'



• Is a Richardson, TX Chapter 7 Bankruptcy Right For You?
  • Chapter 7 is referred to as a liquidation bankruptcy because oftentimes your high-value assets may be sold to help repay your debts. In most cases you will be allowed to have a 'clean slate' immediately, without repaying your debt out-of-pocket. Read the full article.