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Texas chapter 7 lawyer, Texas chapter 13 attorney, Texas bankruptcy lawyer,Provided that you qualify for bankruptcy, it is likely that you will only apply once in your life. If everything pans out well, the process should set you on a more financially healthy course. However, whether due to a serious injury, loss of income, or another financial hardship, some people may find themselves considering bankruptcy a second time.

Is There a Limit to the Number of Times You Can File for Bankruptcy?

For the most part, you may file for bankruptcy as many times as you wish — although this does not imply that you should. Applying for bankruptcy too soon after the first may void your ability to discharge your debts, according to the Federal Trade Commission. This is critical because, in many cases, the purpose of bankruptcy is to discharge debt to make your finances more manageable.

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Texas bankruptcy attorney, overdue bills, Texas chapter 7 lawyer, As anyone with experience can relate, debt collectors can make life stressful. The sound of a ringing phone is enough to cause anxiety, and although some collectors may be easier to work with, their persistent efforts can feel overwhelming.

Many debtors are surprised to find out that there may be several options available to help them climb out of debt. Some of these can stop the actions of collections agencies almost immediately. In the meantime, here are three tips for dealing with collector calls:

Answer the Phone

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Texas forms of debt, San Antonio bankruptcy lawyerMany Americans are aware different types of debt exist, but may not know some forms of debt are more manageable than others. The type of debt also can affect an individual’s options when trying to file bankruptcy.

According to Investor Place, the average American citizen carries $225,000 or more in debt. This accounts for America’s total debt in credit cards, mortgages, and various loans, as well average interest rates and the percentage of citizens with more than $500 put away in a savings account.

Credit Card Debt

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bankruptcy credit score, San Antonio bankruptcy lawyerMany Americans have a limited understanding of bankruptcy and credit in general. For this reason, financial crises can seem overwhelming and hopeless.

One topic that concerns many debtors who are considering bankruptcy is how the process will affect their credit scores. While bankruptcy will most likely have some impact on a credit score, debtors should not view this option as a financial death sentence.

One of the truest statements about bankruptcy is that it is different for everyone. Sometimes, it is the most appropriate way out of debt; other times, there may more effective alternatives. A helpful way to get a firm understanding of one's financial situation is to sit down with a legal expert who can offer a firm understanding of the law surrounding debt relief options.

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