Dallas bankruptcy blog

Busting Two Myths About Repossession
Busting Two Myths About Repossession

Bankruptcy, Debt, Personal Finance, Repossession

Busting Two Myths About Repossession

Repossession is not a fun thing. Losing your car, truck, motorcycle or boat can be embarrassing and inconvenient.

But just like anything in life that people hope to avoid, there are a few misconceptions that the general pubic has about the process of repossession.

If you find one of your vehicles in danger of being repossessed, the best weapon is knowledge. With that, you will be able to make informed decisions.

Repossession Myth #1: My vehicle can’t be repossessed until I’m at least 2 months behind on payments.

This is absolutely untrue. While bill collectors generally wait until at two or three months worth of missed payments, they can take your vehicle away if one payment is one day late.

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By Mark Rubin|2012-04-25T08:00:38-05:00April 25th, 2012|Bankruptcy, Debt, Personal Finance, Repossession|

Have Money Management Habits You Can Be Proud Of
Have Money Management Habits You Can Be Proud Of

Money Management, Personal Finance, Saving Money

Have Money Management Habits You Can Be Proud Of

Bad habits aren’t things that we’re proud of. The good thing about bad habits, though, is that we can break them. It takes discipline, motivation and commitment, but we can break bad habits.

Changing Money Management Habits

If you have some questionable money management habits, then the first thing you need to do is identify them.

Next, you must write them down. Committing these to paper does a few things. It creates a record of where you started, shows that you’re serious about altering your behavior, and adds accountability to your project to change.

Here’s an example list of poor habits that need to be changed:

My Poor Money Management Habits

I rarely save money.
I splurge and spend money on things that I don’t necessarily need.
I often pay bills after the due date.

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By Mark Rubin|2012-04-18T10:29:35-05:00April 18th, 2012|Money Management, Personal Finance, Saving Money|

Fact or Fiction? If I file for bankruptcy in Texas, everyone will know.
Fact or Fiction? If I file for bankruptcy in Texas, everyone will know.

Bankruptcy, Bankruptcy Myths, Bankruptcy Statistics, Texas Bankruptcy

Fact or Fiction? If I file for bankruptcy in Texas, everyone will know.

Many people won’t even consider filing for bankruptcy because they fear that everyone they know will find out. It’s a valid concern, too. No one wants the whole world to know his or her private affairs.

That’s where we have good news. If you file for bankruptcy in Texas, the whole world won’t automatically know. (more…)

By Mark Rubin|2012-03-14T12:34:27-05:00March 14th, 2012|Bankruptcy, Bankruptcy Myths, Bankruptcy Statistics, Texas Bankruptcy|

How To Save Money – 10 Ways To Cut Spending Immediately
How To Save Money – 10 Ways To Cut Spending Immediately

Personal Finance, Saving Money

How To Save Money – 10 Ways To Cut Spending Immediately

With spring approaching, it’s time for a little spring cleaning of your finances. Today we discuss how to save money, giving you 10 actionable items. (more…)

By Mark Rubin|2012-03-09T14:55:56-06:00March 9th, 2012|Personal Finance, Saving Money|

How To Determine If You’re Headed Deeper Into Debt
How To Determine If You’re Headed Deeper Into Debt

Debt, Personal Finance

How To Determine If You’re Headed Deeper Into Debt

To start fresh after filing bankruptcy you first need to evaluate your personal finances to ensure long-term stability and to determine if you’re going headed into the dark woods of debt again. (more…)

By Mark Rubin|2012-02-23T11:20:45-06:00February 23rd, 2012|Debt, Personal Finance|

How Foreclosure Works In Texas
How Foreclosure Works In Texas

Foreclosure in Texas

How Foreclosure Works In Texas

Nobody wants to think about their home getting foreclosed, but it happens. If you’re getting behind on your mortgage payments or fear you might in the future, then you need to be proactive and learn how foreclosures work in Texas and how to stop foreclosure from happening to you. (more…)

By Mark Rubin|2012-02-16T08:00:20-06:00February 16th, 2012|Foreclosure in Texas|

Busting the Myth That Bankruptcy Will Hurt Your Credit for 10 Years
Busting the Myth That Bankruptcy Will Hurt Your Credit for 10 Years

Bankruptcy, Bankruptcy Myths

Busting the Myth That Bankruptcy Will Hurt Your Credit for 10 Years

If you’re considering filing for bankruptcy, you might want to know if what you hear is true: “I understand that filing for bankruptcy will hurt my credit for 10 years. Is it true?” For those with bad credit, the short answer is no.

“How can that be?” you might ask.

If you’re considering filing for bankruptcy or have sought out the advice of a bankruptcy attorney, your credit is most likely already down the drain. You’re in debt up to your ears and have several black marks on your credit report. If this is the case, then there’s no credit for a bankruptcy filing to hurt for the immediate future.

Plus, what really hurts your credit? Not paying your debts.

“But a bankruptcy filing stays on a credit report for up to 10 years.”

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By Mark Rubin|2012-01-30T11:00:25-06:00January 30th, 2012|Bankruptcy, Bankruptcy Myths|