So far, through September of 2021, some 14,662 Texans have filed for bankruptcy protection. Most of these people chose the Chapter 7 liquidation route, 9,507 or 64 percent of them, while the remainder mostly opted for a Chapter 13 reorganization/repayment plan, or 4,441 at 30 percent.
Job loss. Divorce. An unexpected medical expense. A battered economy. Identity theft. Any of these events can trigger financial challenges that can lead to bankruptcy. Suddenly, you're staring at a stack of unpaid bills and wondering if there is a way to save your home and your future. I'm here to tell you that there is.