Means test do I include VA disability income?

Recently on our legal forum a user asked, “I live in the State of Texas, and I have decided I need to file Chapter 7 bankruptcy. I am currently receiving both Social Security Disability Insurance (SSDI) and Veteran’s disability benefits. I am wondering if either of these income sources must be included in the Chapter 7 bankruptcy means test to determine if I can file Chapter 7.”

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What happens to my car loan in bankruptcy?

Recently on our bankruptcy forum a user asked, “I am considering filing for Chapter 7 bankruptcy. I have a 2012 car with a $24,000 car loan. My wife has a car with a car loan of about $12,000. What are our options for the cars if we do decide to file for bankruptcy protection? I know we can always ride the bus, but we’d like to keep one car if possible.”

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Disability overpayment and Chapter 7 bankruptcy?

Recently on our legal forum a user asked, “I had a severe back condition, COPD, and depression for several years. I attempted to go back to work. I somehow generated about $10,000 in a disability overpayment. I tried to get the SSDI to waive the disability overpayment charges but was unsuccessful. My husband has also lost his job and we have about $30,000 of credit card debt. Can a bankruptcy discharge my disability overpayment?”

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Texas bankruptcy is it different from the rest of the country?

Recently on our bankruptcy forum a user asked, “I have lost my job, I have $50,000 in credit card debt and high medical bills. I live in the State of Texas. I know Texas likes to do things differently than the rest of the country. Is this true in bankruptcy? How will my Texas bankruptcy differ from bankruptcies filed in other parts of the country?”

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College loans what do I need to know?

Recently on our bankruptcy forum a user asked, “I am about to go to college. I read that up to 60% of students in the U.S. are now borrowing money to pay for college. If I do decide to take out a college loan what do I need to know before I do it?”

Asking questions about whether or not you need to borrow money for college is a great first step to ensuring you don’t make the same mistakes that so many students make. Unfortunately, experts estimate that college loan debt is likely to become the next crisis, most likely surpassing the housing crisis of 2008.

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Debt collection: Do I have any legal rights?

Recently on our bankruptcy forum a user asked, “I owe a credit card company $20,000. I think my debt has been sold to a debt collection company. The calls and debt collection efforts are relentless and have become harassing. Do I have any rights? How can I get this to stop?”

Unfortunately, there are a number of life circumstances, such as divorce, death, disability, that can cause financial devastation and may make it impossible for you to repay debts. It’s likely that if you fail to repay your debts, however, at some point the creditor may sell that debt to a third-party debt collector. If that happens, you can expect to receive letters and phones calls, some which may be harassing, as the creditor attempts to collect the debt.

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