If you don’t know that the economy is in bad shape, turn on the radio and prepare to be enlightened. On any given station, at any time of the day or night, you will hear advertisements for companies that will tell you how to eliminate your debt. Each of these companies has a different method […]
If you are experiencing financial difficulty and considering filing bankruptcy, one of the first decisions to make is whether to file bankruptcy by yourself or to file bankruptcy with your spouse. What you decide can have a long-term effect on your financial situation. Filing Bankruptcy without Your Spouse (aka Individually, Non-Filing Spouse) When a husband […]
At thirty-five years old, I have gone through the mortgage loan process three times. First, when I was twenty-three, my wife and I bought our first house. We were young, stupid, and so excited to be buying our first house that it never occurred to us to shop around for a mortgage company. Our home […]
One common misunderstanding about bankruptcy is the belief that when you file you have to give up your possessions. In Texas, that is usually not the case. Chapter 13 bankruptcy involves no liquidation, meaning the trustee does not take any of your assets when you file. All money paid to creditors in this type of […]
Wage garnishment is the process employed when a creditor seizes money from your paycheck in order to satisfy payment of a debt. In Texas, most creditors don’t have the right to garnish your wages, but there are three important exceptions. First, student loan creditors have the right to garnish wages when the borrower has defaulted […]