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. According to NerdWallet, a bankruptcy will stay on someone’s credit score for up to 10 years. This, of course, adversely affects the consumer’s score. However, rebuilding that score is not impossible…

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…

Turning to bankruptcy to address debts that you can’t pay is a huge step in your life. When you file, you likely realize that this is the best option. Eventually, it will make your financial life easier, but in the interim, you will need to make some adjustments to how…

Many working people are only a serious illness or car accident away from serious financial issues. The American economy depends in no small part on consumer debt. People often make major purchases on store credit or credit cards. So long as you can maintain those monthly payments, credit is a…