About Carol Stone

Carol Cross Stone is a Bankruptcy Attorney with 35+ years of experience.

How to stop automatic payments

Sometimes, you need to stop autodrafts. That may be because a company is drafting your account without permission. Or maybe you are barely keeping afloat and need to cancel nonessential payments. Some companies are difficult to deal with. But you have a right to stop automatic debit payments under federal law. Here are the [...]

2021-09-06T22:39:27+00:00September 13th, 2021|Bankruptcy General Topic|

Melting the Snowball

The Snowball Method A popular method for paying down debt is known as the snowball method, introduced by Dave Ramsey. This method focuses on paying off the smallest debt to the largest. Once you’ve paid off one debt, you take the money you would have paid on that small debt and apply it to the [...]

2021-05-28T04:33:27+00:00January 27th, 2021|Bankruptcy General Topic|

Receivership Definition

Receivership - If you are sued and end up with a judgment against you, a debt collector may try to collect through a receivership. This is where the debt collector asks the state court judge to appoint a receiver to assist in collecting the money owed on the judgment. Under Texas law, the receiver may [...]

2021-03-04T00:25:43+00:00January 19th, 2021|Glossary|

Hope for Student Loan Borrowers

For federal student loans, the forbearance program is extended until at least January 31, 2021. This means at least a temporary pass on qualifying loans with no interest for a few more months. At Cross Stone Law, we only handle bankruptcy cases. We will evaluate your student loan debt for the possibility of discharge [...]

2021-03-03T21:49:23+00:00December 8th, 2020|Student Loan Resources|

Small Business Help

Bankruptcy may help if a small business needs to restructure debt to improve cashflow. Where the business needs to close, bankruptcy may relieve the owner from personal liability on the business debt.

2021-03-02T22:16:52+00:00September 9th, 2019|Small Business|

How Long Will a Bankruptcy Show up on My Credit Report?

People often delay filing bankruptcy because they are afraid of how long bankruptcy will show up on their credit report. How long it stays on your credit report depends on which chapter of bankruptcy you file. Most individuals or small businesses file either Chapter 7 bankruptcy (straight bankruptcy) or Chapter 13 bankruptcy (debt reorganization.) [...]

2021-03-02T22:23:05+00:00July 7th, 2019|Credit|
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