Do you have money problems? If you answered yes, you are likely not the only reader in Texas to do so as many people are currently facing serious financial crises and are wondering how to resolve their problems and get their heads back above water. The first step toward solving your financial woes may be to take a look back at what caused them to start. Perhaps you thought things were going along quite well and before you knew what was happening, creditors were calling you every day, demanding payments.
Is there any hope for Tyler homeowners facing foreclosure?
Sometimes even the most responsible of homeowners can fall on hard financial times. It only takes a job loss, a serious illness or any other financial calamity that causes a homeowner to fall behind on their mortgage payments. This can be incredibly distressing, particularly if a homeowner is facing the threat of losing their home to foreclosure. However, homeowners in Tyler should know that there may be some alternatives to foreclosure that may be worth looking into.
Debtors filing for bankruptcy must undergo financial counseling
In general, when a person in Texas decides they want to file for bankruptcy, within 180 days of doing so they must complete a credit counseling course. Also, before a person's debts can be discharged through bankruptcy, the debtor must complete a debt management course. These courses are designed to help ensure that debtors make sure they truly want to file for bankruptcy, and also to provide them with the information needed to hopefully deter having to file for bankruptcy a second time.
Helping you navigate the business bankruptcy process
Dealing with financial problems is never easy for Texas businesses. While some debt problems can be overcome with some simple budgeting and saving strategies, major debt problems often require more aggressive steps. While just hearing the term bankruptcy is likely to induce concerns and fears, this process can actually provide real and rational solutions for businesses dealing with too much debt.
Can filing for Chapter 13 save your home from foreclosure?
Owning a home is a source of pride for many in Texas. Our homes are where we rest our heads at night, where we raise our families and where we celebrate holidays and other special occasions. In the end, "be it ever so humble, there's no place like home."
