If you’re filing for personal bankruptcy, the bankruptcy code provides two main options: Chapter 7 and Chapter 13. If you want a “straight” bankruptcy wherein you allow the bankruptcy court to liquidate your assets in order to pay back your creditors, the bankruptcy chapter for you is Chapter 7, also known as liquidation bankruptcy. Going [...]
Things have not been so great for a lot of Texans this year. To put it mildly, there has been a lot of doom and gloom spreading across our airwaves since the middle of March. If you have listened to the radio, a current events podcast, or watched the news at all (and we understand if [...]
Bankruptcy exemptions help debtors keep some of their property from being seized by the court. In Texas, you may file for exemptions in your homestead, personal property, personal accounts, or vehicles. If you are married, additional exemptions apply. In bankruptcy filings, all non exempt assets are placed in a bankruptcy estate and managed by the [...]
“Bankruptcy” is a legal proceeding in which a person who cannot pay his/her bills can get a “fresh start”. In Texas, the bankruptcy code is a federal law, meaning it applies uniformly nationwide. Filing for bankruptcy immediately stops creditors from collecting debts from you until the debts are sorted out through an “automatic stay.” Each [...]
Bankruptcy is the legal process pertaining to people who cannot afford to pay their remaining debts in order to get a chance to a fresh start. The Bankruptcy laws offer unburdens overwhelmed debtors who are unable to pay their outstanding balances and, at the same time, help the creditors get paid from whatever kind of [...]
Figuring out your financial situation is imperative in a bankruptcy petition. For starters, you need certain details to be able to correctly accomplish your bankruptcy forms. In case you’re hiring a bankruptcy lawyer, the information is also important for him or her to provide you with proper legal help with the right debt relief solution. [...]
If you are looking into filing bankruptcy in Dallas, you must already be having stressful financial problems. You may probably think that it will save you attorney’s fees if you do it on your own. However, you may be unaware that it is a costly mistake in the long run. Working with an experienced Dallas [...]
You may have heard that Chapter 7 is a relatively quick process. But how long does bankruptcy Chapter 7 take from filing to discharge? Typically, you can expect your case to last anywhere between four to six months. But the timeline may vary depending on the specifics of your case. An experienced Dallas bankruptcy attorney can help [...]
By now, you're probably well aware of the benefits of bankruptcy. And if you've been struggling with unmanageable debt for a while, you may be seriously considering pursuing debt discharge through Chapter 7. But what how does it work, and what can you do to prepare your case? Below, we discuss how to file bankruptcy Chapter [...]
Most people who file Chapter 7 bankruptcy have little assets and qualify to have most of their unsecured debt discharged. Unsecured debt that may qualify to be wiped off or discharged includes medical bills and credit cards . Having little assets and qualifying debt can help make the process a lot easier. Keep in mind, [...]
