Filing either a Chapter 7 "straight bankruptcy" case or a Chapter 13 "adjustment of debts" one stops a pending home foreclosure, and prevent one from starting. If you're behind on your mortgage (or are about to be) and want to keep your home, whether Chapter 7 or Chapter 13 makes more sense depends on how far behind you are and how much help you … [Read more...]
How to Keep a Vehicle Even If You’re Behind on Payments
April 22, 2016 by Leave a Comment
Falling behind on a vehicle loan is scary because of the very real threat of having your vehicle repossessed. It is all too easy for this to happen—vehicle lenders' contracts usually legally allow them to do as soon as you are late on your payment. Limited Help with a Chapter 7 "Straight Bankruptcy" Once you have fallen behind on your … [Read more...]
Prevent IRS Garnishments
March 22, 2016 by Leave a Comment
Exceptions Allowing IRS and Certain Other Wage Garnishment in Texas Texas is one of the few states in the country that generally don't allow the garnishment of wages for collection of consumer debts. But there are major exceptions where wage garnishments CAN occur: federal taxes child support and alimony student loans your employer is … [Read more...]
