Chapter 7 bankruptcy, also known as liquidation bankruptcy, permits a debtor to sell of items of property in order to satisfy their outstanding obligations to their creditors. Some Tyler residents may be wary of this process as it may seem as though they will be left...




Month: December 2017
Bankruptcy may be the missing item in your financial toolbox
Living in Texas definitely has its pros and cons, same as any other state. You've likely heard humorous remarks about everything being "big" here. The trouble is, not everything that's big is good; for instance, big health problems, marriage problems or financial...
Watch out for phantom debt collection scams
Tyler residents struggling with consumer debt may be familiar with some of the tactics that debt collectors use. These all too often cross the line from the legitimate exercise of creditors' rights into harassment, even threats. Making matters even more complicated...
Helping clients understand the limits of their creditors’ rights
Sometimes, Tyler residents struggling financially reach a point where it feels like they have no control. The tactics that creditors use against you feel invasive, demoralizing and infuriating and it seems they can get away with just about anything they want. Take the...
Default on student loan in Texas, lose your professional license
A phrase with which Tyler residents struggling with financial challenges will likely be all-too-familiar is "pull yourself up by your bootstraps." The idea that one should simply work more - longer hours or an extra job - to pay off debt is hard-wired into many minds....
How does Chapter 7 compare to Chapter 13 bankruptcy?
It can happen to even the most fiscally responsible person. Sometimes a financially catastrophic event occurs -- a serious illness, a job loss, a divorce or another major life event -- that makes it difficult if not impossible for a person to pay their bills. It is...