Bankruptcy Blog Archives

When you file for a Chapter 7 bankruptcy, you are liquidating your debt that you have. Most people who file for a Chapter 7 bankruptcy are current with their mortgage payments and their car payments; they just can’t pay their unsecured debt any longer. Once your case has been filed with the Bankruptcy courts and [...]

After some time paying your chapter 13 bankruptcy you run into a problem that has caused you to not be able to make your Chapter 13 trustee payments any longer. There are a variety of reasons for this to occur. Some people lost a loved one who had income that was helping pay for the [...]

While in Chapter 13 Bankruptcy, you are required to provide adequate protection on all secured property that has lien holder such as mortgage. The mortgage company can file a motion for relief for adequate protection even if you are current on your post petition mortgage payments. Your bankruptcy attorney will request proof of insurance coverage [...]

No one want to file a Bankruptcy, But if a change in income happens you can not pay the same Debts on less money. A divorce is a major reason people file the bankruptcy. The expense go up because now there are two house hold to maintain. The divorce decree will say who need to [...]

In Texas, foreclosure takes place the first Tuesday of every month, even if it falls on a holiday. In other states, foreclosure can take place any day of the month. If a Debtor is contemplating filing a Chapter 13 bankruptcy to stop a foreclosure, it is important to read all mail received from the mortgage [...]