The thought of losing your home is stressful for anyone. Falling behind on your mortgage payments is easy to do with today’s financial climate. Unfortunately, Texas makes it easy for lenders to start foreclosure proceedings on borrowers who have defaulted on their home loans. Lenders can send out default notices…

According to reporting from CNBC, American credit card debt hit a record high in early 2018. Collectively, Americans owe more than $1 trillion — with an average of $6,375 per adult. Falling behind on credit card debt is obviously something that no person wants to deal with. It is stressful,…

Bankruptcy allows indebted consumers and businesses to make a fresh start. However, this start will come at a price. At Simer & Tetens, we receive many calls from the public, and one common question is, “How much does it cost to file for bankruptcy?” Below we will run down the…

People in Texas who have filed for bankruptcy should know which steps to take to rebuild their credit score. If you need help filing for bankruptcy, contact an experienced bankruptcy law attorney today. According to NerdWallet, a bankruptcy will stay on someone’s credit score for up to 10 years. This,…

Qualifying For Bankruptcy In Texas Contrary to popular belief, debt relief is not simply meant for the poor. In the United States, bankruptcy protection has been utilized by wealthy individuals, movie stars, legendary musicians, large corporations, smaller businesses and even city governments. It is available for people from all backgrounds and organizations…

What Is a Chapter 7 Bankruptcy? A Chapter 7 bankruptcy is the most common type of bankruptcy. This type of bankruptcy is for individuals and small businesses who are overwhelmed by debt and unable to pay their bills. In a Chapter 7 bankruptcy, you may be able to permanently eliminate,…

A Chapter 13 bankruptcy, a type of bankruptcy, is also called a wage earner’s plan. It enables individuals with regular income to develop a plan to repay all or part of their debts. Under this Chapter, debtors propose a repayment plan to make installments to creditors over three to five…

Congratulations! By deciding to file bankruptcy, you have taken the first step towards a debt free life. You need to consult with an experienced Waco bankruptcy attorney to help you moving forward, but here is what to do and what not to do before filing for bankruptcy. Contact us today…

In the majority of cases, it’s impossible to eliminate student loans by entering into bankruptcy. Bankruptcy does not discharge things such as governmental loans, taxes or other court-ordered payments. What it can discharge is unsecured debts like credit debt or personal loans in some cases. Since bankruptcy is unlikely to…