Helping You Understand the Bankruptcy Process in Texas Feelings of shame and embarrassment often accompany thoughts of bankruptcy. It is therefore common for individuals contemplating bankruptcy to wonder whether their bankruptcy will become common knowledge in their community. Any bankruptcy is part of the public record. It is therefore … [Read more...]
What-You-Can-Include-In-A-Bankruptcy-2
June 11, 2012 by
A common misconception is that a bankruptcy wipes out all of your debt. However, although a bankruptcy can forgive many of your debts, it does not forgive all of them. In a Chapter 7 bankruptcy, the non-exempt property and assets of the debtor are liquidated to pay off creditors. Property and assets that the court categorizes as exempt are not … [Read more...]
Three-Things-You-Can-Do-To-Stop-A-Foreclosure
March 13, 2012 by
Unfortunately, foreclosures are at all time highs and many people lose sleep at night worrying about the future of their homes. Going through a foreclosure can be humiliating, stressful and represent a serious loss for your family. However, there are certain things that your Texas foreclosure attorney can help you to do to avoid foreclosure: • … [Read more...]
What-Is-Required-In-A-Bankruptcy-341-Meeting
February 13, 2012 by
In a consumer bankruptcy filing, whether a Chapter 7 or a Chapter 13, one of the first things that happens is a creditors meeting. Often referred to as the 341 meeting, this is when you and the bankruptcy trustee meet with your creditors. Generally, the 341 meeting occurs three to six weeks after your initial filing. The meeting is usually … [Read more...]
What-You-Can-keep-In-A-Texas-Bankruptcy
January 10, 2012 by
When considering bankruptcy you are understandably concerned with what property you may keep. By understanding what exemptions are available to you in a bankruptcy it can help you take the necessary steps to resolve your financial situation. In Texas, federal and state exemptions are available to bankruptcy filers. On certain exemptions there are … [Read more...]
Garland-Consumer-Bankruptcy-Lawyers
December 7, 2011 by
Although you aren’t required to hire a Texas bankruptcy lawyer to file for bankruptcy it is a good idea to consult with an experienced lawyer to better understand your situation. While there are countless books and websites that that offer advice on how to handle a bankruptcy by yourself, neither books nor websites can evaluate your set of … [Read more...]
How-You-Can-Benefit-From-A-Chapter-13-Bankruptcy-Filing/
November 3, 2011 by
If you live in or around Rockwall, Texas, and you are struggling to make ends meet, a Chapter 13 bankruptcy filing can get you the fresh financial start you need. Not only will a bankruptcy filing put an immediate end to the harassing phone calls, letters and other efforts by creditors and bill collectors, but it can give you the time you need to … [Read more...]
Consumer-Vs-Commercial-Bankruptcy
October 4, 2011 by
If you own or operate a business, and you are struggling to pay your bills, you may be considering a personal or business bankruptcy petition. You may be uncertain of the options available to you, and whether your interests will best be served by a consumer or commercial bankruptcy. This blog post identifies the different options in personal and … [Read more...]
When-Creditors-Dont-Comply-With-Bankruptcy-Discharge-Rules/
September 4, 2011 by
So you filed for protection under Chapter 7 , identified the debts that you want to permanently discharge, sold some of your assets at a bankruptcy sale, and thought the matter was closed. What do you do, though, if one of your creditors, whose debt was extinguished in the Chapter 7 proceeding, continues in attempts to collect the debt from you? … [Read more...]
