Bankruptcy Blog Archives

Recently in the Northern District of Texas, the Judges have brought forward an opinion that was filed with the courts as it relates to Disposable Income as it is related to Debtors who are above median income. Two particular cases were reviewed by the Fort Worth Division Judges and they stated that these two particular [...]

In filing a Chapter 13 bankruptcy many clients have a concern about their tax refund and what happens to it when they are in an active Chapter 13 bankruptcy case. Many Debtors want to know how long does it take for their tax refund to get to them. There really is not a simple answer [...]

Credit collectors have a way of working on your nerves. There job is to break you down to where you agree to do something you can’t afford to do. They say something like make an agreement to let them do a bank draft of three hundred dollars for four months and they will put your [...]

Buying a house is one of most people’s dreams. There are several factors that can keep people from being able to full fill their dream. Credit problems is a big one. If there are open accounts that are in bad standing, the loan company will not loan you any money untill those accounts are closed [...]

In most case the filing of the bankruptcy is going to improve your credit rating. If you’re filing the bankruptcy your credit is already bad because of slow pays, no pays, cars that have reposed, medical bills not paid and even homes that have been foreclosed on. The filing of the bankruptcy puts an end [...]

Your filing of a bankruptcy can affect your banking habits. This doesn’t mean you can not have a bank account. If you have a credit card or line of credit with a certain bank you want to open a new account with another bank. With most banks your credit card is backed by your checking [...]

Any time you must mak a change to treatment of creditors or add more secured debt, a Chapter 13 plan modification must be filed with the court. The plan modification will reflect any changes to your plan term, base or monthly payment. Your Chapter 13 trustee will review the proposed plan modification for accuracy and [...]

A chapter 13 bankruptcy is a plan that is use to help people that have fallen behind on house, car and credit cards. By the filing of the bankruptcy it will stop the foreclosure of the home or the repossession of the car. The car can start being paid through the plan, on the house [...]

When filing a Chapter 7 bankruptcy, you may have secured debts that you will wish to keep and maintain the monthly payments. Your statement of intentions is filed with your Chapter 7 petition and this is the notice to your secured creditors of your intention to reaffirm the debt. The creditor will prepare and provide [...]

A chapter 7 bankruptcy is used mainly to discharge unsecured debts. Unsecured debts are credit cards and medical bill. Once a person has gone through some form of change in income the abilty to pay the credit cards is no longer possible the chapter 7 is the fastest way to eliminate this type of debt. [...]