Reasons to File Bankruptcy Right Away (& When to Wait)

Reasons to File Bankruptcy Right Away (& When to Wait)

If you’re struggling with debt beyond what you can afford, bankruptcy may be the tool you need to correct your financial situation. Deciding that bankruptcy is right for you is a major decision, but choosing the right time to file can be just as important as deciding...

Life After a Bankruptcy: The Impact and Recovery

Life After a Bankruptcy: The Impact and Recovery

There are many misconceptions surrounding bankruptcy. For instance, while many people seem to think that you can’t ever recover from bankruptcy, others see it as a get-out-of-jail-free card for “lazy” people. Neither of these are actually true.  The reality is that...

Bankruptcy and Your Retirement: What You Need to Know

Bankruptcy and Your Retirement: What You Need to Know

If you’re struggling with outstanding debt and are considering bankruptcy, it’s important to understand how the process may affect, or be affected by, your retirement plans. Having an understanding of how your retirement may be impacted by a bankruptcy filing can help...

Does Bankruptcy Affect Your Spouse?

Does Bankruptcy Affect Your Spouse?

Bankruptcy is a complex process that affects many aspects of a filer's life. If you’re struggling with debts beyond what you can manage, you may be wondering how bankruptcy could help you and the rest of your family. If you’re concerned that bankruptcy may negatively...

Bankruptcy, Credit Counseling, and How to Spot Counseling Scams

Bankruptcy, Credit Counseling, and How to Spot Counseling Scams

If you’re struggling under debt, things may feel pretty hopeless. But it’s important to remember that there are options available for those dealing with substantial debt, and that having financial issues isn’t a failure, especially now as we face an unprecedented...

Discharging Tax Debt with Bankruptcy

Discharging Tax Debt with Bankruptcy

For those owing significant taxes, bankruptcy may offer some limited relief. The process of discharging tax debt through bankruptcy is particularly complex, so we recommend you seek the advice of the experienced Brownsville bankruptcy lawyers of the Law Offices of...

What Chapter 7 Bankruptcy Means for Those Who Declare It

What Chapter 7 Bankruptcy Means for Those Who Declare It

Chapter 7 is the most common form of personal bankruptcy filing in the U.S., and you might have heard it called “straight” or “liquidation” bankruptcy. It is a great option for Americans with more debt than they can afford to find much-needed relief. If you plan on...

8 Top Reasons People File for Chapter 13

8 Top Reasons People File for Chapter 13

With three types of filings that individuals can do, coupled with what seems to be a complicated legal process, filing for bankruptcy has developed a reputation for being something that is expensive and reserved for CEOs or giant corporations. That couldn’t be any...

What to Do If You Fail the Means Test for Chapter 7

What to Do If You Fail the Means Test for Chapter 7

The bankruptcy process can be tricky, and there are many places where it can get derailed. One hurdle many filers struggle with is the Chapter 7 means test. The good news is that failing the means test doesn’t mean you’re bankruptcy bid is hopeless. You may be able to...