Many people know that filing bankruptcy will negatively affect their credit score. However, many people fail to recognize that creditors use other criteria for determining their credit score. We have clients who have received credit offers within a short time after they have completed their bankruptcy. It is possible to have a higher credit score […]
Interesting 2010 Bankruptcy Statistics
Here are some interesting 2010 bankruptcy statistics: 1) In 2010, American families owed a total of $866 billion in consumer debt, 2) In 2010, $1.3 trillion of U.S. consumer debt was delinquent, with $986 billion being seriously delinquent – 90 days late or more, 3) Personal bankruptcies have increased 100% over the last five years, […]
NORTH TEXAS BANKRUPTCY: TEMPORARY WAIVER OF CREDIT COUNSELING REQUIREMENT
Before a debtor can file bankruptcy they must complete a prebankruptcy credit counseling course. This course must have been completed within the 180-day period prior to the filing of the bankruptcy petition. Failure to comply with the credit counseling requirement can result in an order striking the petition, which results in no bankruptcy case being […]