|
| Are you using Credit Cards to
live on? |
Considering Bankruptcy? |
| Are you receiving collection calls
and/or letters? |
Let us Help You |
| Have you exhausted your available
resources to keep up with payments? |
Are monthly expenses exceeding your
income? |
|
Texas Statute of
Limitations 4 years on:
Credit cards
Oral Agreements
Written Contracts
Promissory Notes
(depends on factors)
Maximum Interest Rate a Collection Agency Can Charge in Texas:
6%
Texas Wage Garnishment Protection: Yes
Click Here for more
info
Community property state: Yes
Debt acquired during the marriage (as opposed to debt acquired
prior to the marriage) are owned jointly by both spouses and is
divided upon the end of the marriage. Joint ownership is
automatically presumed by law, unless there is specific evidence
that would point to a contrary conclusion for a particular debt.
In Texas both spouses are held accountable for any and all debts
acquired during the marriage, even if the account was is listed
exclusively in one party name.
How debt consolidation can
provide debt relief from credit cards:
Debt consolidation is the process
of consolidating your unsecured debt into one monthly payment.
How Debt
Negotiation
can help provide debt relief from credit cards:
Also
known as debt arbitration, This approach is in which you and your
creditors agree on a reduced balance that will be regarded as
payment in full. After this arrangement is made and the balance is
paid off, your debt is considered forgiven.
How credit counseling
can help provide debt relief from credit cards:
Credit counseling often involves
negotiating with creditors to establish a debt management plan for
a consumer. This plan may help you repay your balances with your
creditors, usually by reduced payments, fees and interest rates.
These reduction terms are dictated by your creditors.
|
 |
Call NOW |
|
(888) 665-0244 |
 |
|
Texas
Bankruptcy Exemptions
Bankruptcy exemptions are protected assets that the
bankruptcy mandates
that a debtor is entitled to keep in order to get a "fresh
start."
Exemptions vary
from state to state.
Property that is
protected in the bankruptcy code of Texas:
Real Estate, Auto, Personal Property
-Unlimited protection of residency (certain restrictions
apply)
-Unlimited protection of automobile
-Personal property to $60,000 if family
-Personal property to $30,000 if single
-Athletic/sporting equipment
-Burial plots
-Clothing/food
-Health aids
-Home furnishings/family heirlooms
-Jewelry (limited)
-Pets and domestic animals with food
Insurance
-Church benefit plans
-Fraternal benefit society benefits
-Life, health, accident, or annuity benefits
-Texas employee uniform group
-Texas public school employees group insurance
-Texas state and university employee benefits
Public Benefits
-Crime victim compensation
-Medical assistance
-Public assistance
-Unemployment compensation
-Workers' compensation
Pensions
-County and district employees
-ERISA qualified government and church benefits
-IRA
-Firefighters, police officers, judges
-Emergency medical personnel survivors
-Municipal employees and elected officials, state employees
-Retirement benefits to extent tax-deferred
-Teachers
-Tools of Trade Farming or ranching vehicles and implements
-Tools, equipment, books (includes boat, motor vehicles used
in working trade)
Other
-Alimony, child support
-Higher education savings plan trust account
-Liquor licenses and permits
-Prepaid tuition plans
-Property of business partnership
|
|
|
|
|
