What are the types Of Bankruptcy?

Bankruptcy is legal process by which you can deal with your debts when you can nolonger pay them There are three main types of bankruptcy cases. These are referred to by their chapter number in the bankruptcy code

• Chapter 7 Bankruptcy
• Chapter 11 Bankruptcy and
• Chapter 13 Bankruptcy

The most common types of cases for individuals are Chapter 7 Bankruptcy and Chapter 13 Bankruptcy
If you are considering bankruptcy this video will give you basic information about the the various types of bankruptcy. It will also explain how to find the legal help you may need. This video can help you in understanding what would be relevant in your case.

This information is provided to help consumers and individuals understand the types of bankruptcy better.



Our San Antonio Bankruptcy Attorney has collected this video as a part of a set of online videos to help you understand various aspects of bankruptcy and the processes involved with it. Please bookmark this on your broswer,ipads, tablets, laptops, chromebooks and smartphones and share it with others who may find this helpful.

If you'd like to get a free consultation, please contact our bankruptcy lawyers.

For helping you get a better understanding of Bankruptcy, we have setup a Bankruptcy Information Center at our website.

Introduction to Bankruptcy Law

Bankruptcy is legal process by which you can deal with your debts when you can nolonger pay them

If you are considering bankruptcy this video will give you basic information about the process and the relief it offers. It will also explain how to find the legal help you may need. This video will explain what happens in a bankruptcy case. This information is provided to help consumers and individuals understand the bankruptcy process



Our San Antonio Bankruptcy Attorney has collected this video as a part of a set of online videos to help you understand various aspects of bankruptcy and the processes involved with it. Please bookmark this on your broswer,ipads, tablets, laptops, chromebooks and smartphones and share it with others who may find this helpful.

If you'd like to get a free consultation, please contact our bankruptcy lawyers.

For helping you get a better understanding of Bankruptcy, we have setup a Bankruptcy Information Center at our website.

Wage Garnishment in Texas

Wage Garnishment in Texas is possible if you owe alimony, taxes, student loans or have an out of state employer. It is not usually done from an employer.

Wage Garnishment can be facilitated even after you have placed your money in the bank account.

Our San Antonio Bankruptcy Attorney has created the below infographic to help you. Please download this image on your desktops, ipads, tablets, laptops, chromebooks and smartphones.

If you'd like to get a free consultation, please contact our bankruptcy lawyers.

For helping you get a better understanding of Bankruptcy, we have setup a Bankruptcy Information Center at our website.

7 Ways to Better Your Bankruptcy

In a tough situation like bankruptcy, it is imperative to capitalize on every possible financial opportunity and maneuver it to your advantage.

Here are 7 ways to help you make your bankruptcy better.

1. You must ensure that no debt is left out in order to have the most possible debt forgiven.
2. Be quick to file, as the sooner you file, the faster you will be back on track for being independent.
3. Do not miss out on paperwork. Make sure you have all the necessary documents to avoid issues later.
4. Be honest with your attorneys and do not withhold tax or other information. Convey your expectations to them clearly.
5. Avoid unreasonable purchases on your credit card before filing as it will send an inappropriate message to the authorities. Budget for necessities and discipline your expenses.
6. Disclose your possessions righteously for if the court suspects a cover up, it might cost you dearly.
7. Remember your dates and attend BOTH the required debt management courses. Failure to do so will cause your case to not be discharged.

Our San Antonio Bankruptcy Attorney has created the below infographic to help you. Please download this image on your desktops, ipads, tablets, laptops, chromebooks and smartphones.

If you'd like to get a free consultation, please contact our bankruptcy lawyers.

For helping you get a better understanding of Bankruptcy, we have setup a Bankruptcy Information Center at our website.

How does Credit Counseling help?

Credit Counseling involves educating consumers on how to avoid expenses they can’t afford or taking on debt that cannot be repaid. This is done with the help of an effective Debt Management Plan.

Simply put, Credit Counseling gives you a planned method of debt relief and helps you pay your bills in a structured, logical manner.
Credit Unions, cooperative extension offices, religious organizations, military family service centers are places where Credit Counseling can be sought.

However, if you find that even after Credit Counseling, you are not able to work your debt out effectively, you may want to seek help from a professional and specialized Bankruptcy Attorney.

Our San Antonio Bankruptcy Attorney has created the below infographic to help you. Please download this image on your desktops, ipads, tablets, laptops, chromebooks and smartphones.

If you'd like to get a free consultation, please contact our bankruptcy lawyers.

For helping you get a better understanding of Bankruptcy, we have setup a Bankruptcy Information Center at our website.

Bankruptcy vs a Lawsuit

Whats better? A Lawsuit or Bankruptcy?

Our San Antonio Bankruptcy Attorney has created the below infographic to help you. Please download this image on your desktops, ipads, tablets, laptops, chromebooks and smartphones.

If you'd like to get a free consultation, please contact our bankruptcy lawyers .

For helping you get a better understanding of Bankruptcy, we have setup a Bankruptcy Information Center at our website.

Protect Yourself from Malware

Computer fraud and malware can only make debt situations worse.
Know what is out there in the world of malware to avoid unpleasant encounters with computer viruses, spyware and the likes.
Make sure that you're using regularly updated antivirus software. Never share your passwords and other crucial information that could be used to access your computer systems.

Our San Antonio Bankruptcy Attorney has created the below infographic to help you. Please download this image on your desktops, ipads, tablets, laptops, chromebooks and smartphones.
If you'd like to get a free consultation, please contact our bankruptcy lawyers .

For helping you get a better understanding of Bankruptcy, we have setup a Bankruptcy Information Center at our website.

Protect your Home and Valuables with Federal Flood Insurance

Depending on whether you live in low, medium or high risk areas, an appropriate policy will be recoomended for you at floodsmart.gov
All insurers from floodsmart.gov give you uniform rates making it a highly reliable insurance option.

Our San Antonio Bankruptcy Attorney has created the below infographic to help you. Please download this image on your desktops, ipads, tablets, laptops, chromebooks and smartphones.
If you'd like to get a free consultation, please contact our bankruptcy attorneys .



For helping you get a better understanding of Bankruptcy, we have setup a Bankruptcy Information Center at our website.

Avoiding Debt Relief Scams

Protect yourself from rampant debt relief scams by catching on early warning signs such as robocalls, bogus debt counselors and unrealistic promises of recovery.
It is essential that you consult a reputable credit counseling agency or bankruptcy attorney to avoid falling prey to such scams.

Our San Antonio Bankruptcy Attorney has created the below infographic to help you. Please download this image on your desktops, ipads, tablets, laptops, chromebooks and smartphones.

If you'd like to get a free consultation, please contact our bankruptcy lawyers .

For helping you get a better understanding of Bankruptcy, we have setup a Bankruptcy Information Center at our website.

Payday Loans

A payday loan is a small, short-term unsecured loan, marketed as a quick, easy way to tide borrowers over until the next payday.

Here’s how they work: A borrower writes a personal check payable to the lender for the amount the person wants to borrow, plus the fee they must pay for borrowing. The company gives the borrower the amount of the check less the fee, and agrees to hold the check until the loan is due, usually the borrower’s next payday. Or, with the borrower’s permission, the company deposits the amount borrowed — less the fee — into the borrower’s checking account electronically. The loan amount is due to be debited the next payday. The fees on these loans can be a percentage of the face value of the check — or they can be based on increments of money borrowed: say, a fee for every $50 or $100 borrowed. The borrower is charged new fees each time the same loan is extended or “rolled over.”

The FTC, the United States Consumer Protection Agency, says that regardless of their name, these small, short-term, high-rate loans by check cashers, finance companies and others all come at a very high price. It has been found that Loan terms that require full payment in as little time as a fortnight alongwith an average annual interest of upto 400%, are responsible for driving a huge percentage of borrowers into a huge debt.


source: http://www.consumer.ftc.gov/media/video-0078-payday-lending

For helping you get a better understanding of Bankruptcy, have setup a Bankruptcy Information Center at our website with information written and curated by our San Antonio Bankruptcy Attorney

Phishing Scams

A recent form of cyber crime is Phishing. This is the act of sending an e-mail to a user falsely claiming to be a legitimate enterprise in an attempt to scam the user into disclosing private information. These e-mails often ask for information such as credit card numbers, bank account information, social insurance numbers, and passwords that can be used for identity theft.

video source: http://www.consumerfed.org/issues/consumer-protection-and-privacy/fraud/665/#phishing
For helping you get a better understanding of Bankruptcy, have setup a Bankruptcy Information Center at our website with information written and curated by our San Antonio Bankruptcy Attorney

Beware of Free Trials

Free Trial Offers tells how to check out a free trial before you sign up, and what to do if you find yourself enrolled in a free trial offer without having given your permission: in short, getting charged for merchandise you don't want and didn't order.

Some companies use free trials to sign you up for more products — sometimes lots of products — which can cost you lots of money as they bill you every month until you cancel.



video source: http://www.consumer.ftc.gov/articles/0101-free-trial-offers

For helping you get a better understanding of Bankruptcy, have setup a Bankruptcy Information Center at our website with information written and curated by our San Antonio Bankruptcy Attorney

Identify Theft

Identity theft and identity fraud are terms used to refer to all types of crime in which someone wrongfully obtains and uses another person's personal data in some way that involves fraud or deception, typically for economic gain.

Identity theft affects millions of people each year. It's an unfortunate fact of modern life. But there are certain steps you can take to help keep your personal information from falling into the wrong hands.



video source: http://www.consumer.ftc.gov/media/video-0023-what-identity-theft

For helping you get a better understanding of Bankruptcy, have setup a Bankruptcy Information Center at our website with information written and curated by our San Antonio Bankruptcy Attorney

Money Wiring Scams

In today's world, many people wire money to family or friends in other cities or countries on a regular basis. However, many dishonest people have been found to be stealing money off hard working ,honest individuals and families by luring them to wire money to them. Remember, wiring money is like sending cash. When you wire money, you cannot get the money back. How to protect yourself from these scams: You should never wire money to someone you do not know. The attached video shows some common money wiring scams, and what happens to some people who meet the scams.

source: http://www.consumer.ftc.gov/media/video-0079-money-wiring-scams
For helping you get a better understanding of Bankruptcy, have setup a Bankruptcy Information Center at our website with information written and curated by our San Antonio Bankruptcy Attorney

Understanding Debt

What is Debt? What is the difference between Good and Bad Debt? How much Debt is too much?

Our San Antonio Bankruptcy Attorney has created the below infographic to help answer these common questions regarding Debt in the simplest possible manner. If you'd like to get a free consultation, please contact us .

For helping you get a better understanding of Bankruptcy, we have setup a Bankruptcy Information Center at our website.

A Timeline of Chapter13 Bankruptcy

Chapter 13 Bankruptcy allows a person with a steady income to devise a plan towards repaying part or all of their debt.
To help you understand Chapter 13 bankruptcy in a simple yet comprehensive manner, our Bankruptcy Attorney has created this infographic explaining the Chapter 13 Timeline

For helping you get a better understanding of Bankruptcy, we have setup a Bankruptcy Information Center at our website.

Pre Paid Cards

Prepaid cards are mainstream financial products, widely used and relied upon by consumers. However, like all financial products, picking one without researching can lead to losses. The video below shows what happens when someone gets a prepaid card without checking out the fees first. source: http://www.consumer.ftc.gov/media/video-0062-prepaid-cards

Filing For Bankruptcy

There are two ways that most consumers might file bankruptcy. Chapter 7 and Chapter 13. To help one understand the steps behind these 2 types of bankruptcy filings, our Bankruptcy Attorneys have prepared this simple to understand infographic which will walk you through the steps of each.

For helping you get a better understanding of Bankruptcy, we have setup a Bankruptcy Information Center at our website.

Houston Closer to Tightening Restrictions on Short Term Loans

Payday and title loan operators may soon find it more difficult to lend money in Houston.  The Houston Chronicle reports, Mayor Annise Parker let the controversial business owners know she considers their business practices harmful to the city's hard working citizens.  Parker rejected a compromise between the city and the industry.  The full Houston City Council is prepared to vote in December on regulations that mirror those passed in other major cities in Texas.

Despite seemingly wide spread opposition to the industry across Texas, state lawmakers have consistently failed to pass meaningful reforms to limit the predatory loans.  We hear from workers daily who have fallen into the payday/ title loan trap.

    "Often just one loan begins a snowball effect that only deepens a consumer's financial frustrations," says San Antonio Bankruptcy Attorney, Gerald Moton.
 
     "The types of loans do much more harm than good and more regulations are long overdue."

When consumers become overwhelmed with short term loans and trapped in the cycle of debt, bankruptcy can offer a fresh start.  Both Chapter 7 and Chapter 13 bankruptcy offer consumers protection from these types of creditors.
 
     "Relief is probably the most common emotion my clients who were struggling with these types of predatory loans feel after they file for bankruptcy.  The fleecing of their pay checks stops and they get a fresh start,"  Moton adds.

If you or someone you know if struggling with debt,  bankruptcy might be a helpful option.  Click here for a free evaluation.

Bankruptcy Exemptions in Texas - I

Federal law sets forth a list of exemptions to be used in bankruptcy, called the federal bankruptcy exemptions. In Texas, you can declare either Federal or State exemptions but you can't declare both, this infographic explains the Federal exemptions. 

  

For helping you get a better understanding of Bankruptcy, we have setup a Bankruptcy Information Center at our website.

Wish to embed this infographic in your posts, please use the embed code below

<iframe width="600" height="5578" frameborder="0" style="overflow-y:hidden;" src="https://magic.piktochart.com/embed/751234-bankruptcy-exemptions-in-texas-pt"></iframe>