Veterans who have been injured in combat often face significant challenges as they seek to resume their lives back in Tyler and elsewhere in the United States. Physical and psychological injuries commonly require intensive, long-term treatment and can turn everyday tasks into hurdles to overcome. Recently, it was reported that thousands of veterans and their families are shocked to find that they owe thousands for survivor benefits to the government, threatening their family's financial stability.
With rising debt, more Americans may seek bankruptcy protection
Some people say that death and change are the only guarantees in life, but you may have noticed one more -- debt. No one really tries to actively go into debt, but it seems to be one of those unavoidable aspects of life.
How can a debtor be protected by an automatic stay?
Texas debtors who are facing a litany of issues due to financial struggles might feel overwhelmed. Once their debts have reached the juncture at which they can no longer pay them, it is inevitable that the collection calls will begin. This only compounds the fear that a debtor will need to address in addition to the financial woes. Fortunately, there are alternatives to put a stop to these calls and get back on better financial footing.
Texas energy company reorganized in Chapter 11 bankruptcy
Businesses in Texas and throughout the country must weather all manner of financial ups and downs if they want to remain competitive and successful. Sometimes, when a financial shock take place wherein the business finds itself burdened with overwhelming debt, Chapter 11 bankruptcy is a tactic many use to reorganize and emerge as a player in the market once again, unhindered by those debts.
Creditors may attempt collection from spouses, heirs after death
Some Tyler residents struggle with debt for most of their lives. Some may even pass away with significant debt, especially in the case of medical bills incurred late in life. The prospect leaves many wondering what happens to one's debt after death.
