Category: Bankruptcy

How to Rebuild Credit after Declaring Bankruptcy

A person under a pile of bills reaching their hand up and someone reaching their hand down to help pull them out of it beside the words rebuilding credit after declaring bankruptcy

Hundreds of thousands of people file for bankruptcy each year to get out from under mounting debt. While declaring bankruptcy solves the immediate problem of not being able to pay your bills, it has consequences. Bankruptcy remains on your credit report for up to 10 years, which can greatly affect your credit rating. Therefore, it’s vital that […]

Nondischargeable Debts in Bankruptcy

A husband and wife sit on a couch looking with concern at a paper she

If you’re thinking about filing bankruptcy, you may have learned that certain debts are nondischargeable. If so, you’ve likely begun to wonder if your most pressing debts are dischargeable. This list is a guideline for what kinds of common debts are nondischargeable in bankruptcy. Keep in mind that there may be exceptions in the cases […]

Bankruptcy: Chapter 7 vs Chapter 13

A form for Chapter 7 bankruptcy and one for Chapter 13 bankruptcy sit along with a pen atop a table under the words "Chapter 7 vs Chapter 13 Bankruptcy"

Each year, around 800,000 Americans file for personal bankruptcy protection. The decision to declare bankruptcy can be a hard one, but even once you’ve made the decision, choosing between a Chapter 7 and Chapter 13 bankruptcy can be a challenge. It’s important to educate yourself on the pros, cons, and procedures of each type of bankruptcy so that you can decide […]

Top 5 Things that Impact Credit Score

A man reads a document through a magnifying glass, a calculator and tiny home model sit before him and below are the words "Top 5 Things that Impact your Credit Score"

A number of factors can impact your credit score, and a good financial state does not necessarily mean a good credit score. The credit bureaus decide your score, and what you do with the credit you have available to you affects that score in a number of ways. Understanding what things have the biggest impact on […]

How to File for Bankruptcy in Arlington, Texas

A business woman signing a bankruptcy petition

Michael Scott declared bankruptcy in The Office by simply shouting, “I declare bankruptcy,” but that’s not how it’s done in real life. If you’re filing for bankruptcy in Arlington, Texas, there’s a process you must follow. Types of Bankruptcies Individuals or married couples generally file for one of two types of bankruptcy. The decision may come down […]

Debt Consolidation or Chapter 13

A woman, distressed over her bills considers Chapter 13 Bankruptcy

When someone is considering debt consolidation, there may be more options for them than they realize. One of those options is to talk to an attorney about Chapter 13 bankruptcy to see if it is an appropriate option for their situation. Not everyone qualifies for it, and even some that do qualify may want to […]

Bouncing Back After Bankruptcy

No one wants to live with a poor credit rating, even after the filing of a bankruptcy. A bankruptcy can remain on an individual’s credit report for up to 10 years. However, you might be surprised to find that your score can rise, even to the low 700s within two or three years after the […]

Victim of Credit Fraud?

Consumer credit sales and home mortgages are some of the most regulated transactions in the American economy. State and federal statutes place certain restrictions on the conduct of mortgage lenders, retailers, debt collection agencies, and credit reporting companies. Nevertheless, we hear so many complaints about fraudulent credit practices you’d think the fair credit laws had […]