Bankruptcy Blog

After the laws changed back in 2005, it required Debtors who were filing for bankruptcy to provide their last 6 months pay stubs to conduct a means test. For Chapter 7 bankruptcy, the means test is conducted to ensure that no one is abusing the system and qualifying to file a Chapter 7 bankruptcy [...]

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 [...]

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 [...]

A Divorce is one of the main reason people file a bankruptcy. Reasons are the need for two homes and the expenses that go with that and usually the income has stayed the same. The credit cards are in both names and the judge will usually divide these as best as he can. [...]

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 [...]

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 to [...]

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 [...]