Nobody steps through the door of their home when they purchase it and think that one-day, they may be unable to pay for it. Typically, countless hours go into planning to take out a home loan, and blood, sweat and tears are shed accumulating the information required for the approval of a loan of this magnitude. John A. Hixson, a professional foreclosure attorney based out of Arlington TX, knows as well as any that a person’s home is their safe haven; their impenetrable fortress, and not only is it tragic when a lender files a foreclosure against your living space,
As a business, it’s important to pay attention to economics, listen to your customers, be one step ahead of the competition, allow yourself to grown and evolve in your business model and be passionate about what you do. Unfortunately for many business owners in America, the concept to running into the ground financially isn’t all that far off. With a wavering economy, one wrong move, or even more simply, a loss of interest in your goods or services due to people being unable to afford them can put a business feet up in the water of debt. We all make
Chapter 13 bankruptcy is, at its core, a less invasive alternative to the straight liquidation aspect of typical chapter 7 bankruptcy, which most opt for due to its quick and easy proceedings. But while chapter 7 bankruptcy can best be seen as a quick flurry of life changes that may end up seriously altering the way you live your life, chapter 13 is a drawn out, slow rolled and delicate process wherein you, as someone filing for bankruptcy are able to keep all of your assets – granted you are able to prove you have the means of paying for
The average American consumer, no matter their political affiliation or economic status is subjected every day with messages enforcing the idea that they should be constantly spending their money, which is good, as this is how the American economy survives. These ads are found everywhere: billboards besides freeways, pop-up ads on websites, television commercials, stamped onto paper products; Nearly everywhere we look, there is an ad that promotes spending money. It’s deeply embedded into the American culture that spending money is a great luxury, and people should be proud to spend.
While this may seem great on paper, far too
The state of Texas treats bankruptcy very much like most other states to, but may impose special rulings as far as what loans and assets are deemed securable in the eyes of the state. Aside from minor procedural differences, the state of Texas uses the same financial chapter laws as most other states when treating bankruptcy.
There are effectively two different types of bankruptcy that individuals may qualify for, plus an additional chapter that is exclusive to businesses. Chapter 7 bankruptcy entail a straight liquidation procedure, wherein, upon filing, your assets, property and accounts will be handed over to a
Bankruptcy law is complex and touchy process, and remains one of the most intricate fields of civil law to date. If you’re considering embarking on the process of declaring bankruptcy as a means of climbing out of debt, then you should be aware of the fact that this is not a simple procedure, and that there are many ways in which an individual or business can make a mistake during the process that might annul the whole thing. In cases of bankruptcy, time is money, and more than money, it can cause property and assets to be repossessed by creditors,
If you’ve suddenly found yourself unable to pay mounting bills, which is resulting in constant harassment and repossession attempts (and perhaps even successes,) then you may want to consider bankruptcy as a viable option for salvaging your finances and assets as a means of preventing creditor greed from negatively impacting your life and your livelihood. Quite simply, bankruptcy is perhaps the easiest way to ensure that you and your family remain protected from angry creditors, and is a fairly straightforward process so long as you get the proper legal aid.
What compels people to charge into a bankruptcy without a
If you’ve recently hit a wall in your ability to pay back debts you’ve acquired, and are living in constant fear of creditor harassment and repossession, then it’s high time you consider bankruptcy as an option for overcoming and climbing out of debt. Simply put, there are few easier ways of reclaiming your life and living debt free than declaring bankruptcy, but that’s where the simplicity ends. These procedures tend to be convoluted, and you may feel that you’re just jumping through hoops, at times, if you attempt to challenge creditors and bankruptcy courts on your own.
Time and time
The prospect of applying for personal bankruptcy is an absolute nightmare for most Americans. From a young age, we are taught to spend, and be good consumers, but are given little incentive to save our money in case of emergency. While consumption is vital to keeping a capitalist economy afloat, sudden and tragic emergency is all that keeps many Americans from falling into the quicksand of debt.
Family emergencies such as illnesses, automobile accidents, natural disasters, criminal and civil suits can all quickly pull the rug out from under a family and put them into financial insecurity with only a
If you’ve received a notice that a creditor whom you have not paid is attempting to foreclose your home or property, it’s time to act quickly! Delaying upon dealing with your foreclosure could result in the permanent loss of your property, and can leave you homeless. Debtor’s generally have 21 days to take action against a foreclosure being filed before they become powerless over the situation: don’t become an unfortunate statistic! Pick up your phone right now and call John A. Hixson, a professional foreclosure and bankruptcy attorney operating out of, and serving Arlington, and surrounding Texas communities.