Bankruptcy Blog Archives

When a Debtor is preparing to file for a Chapter 7 bankruptcy, it is important to know if they have lived in the state of Texas for the last two years. The significance of this determines if the bankruptcy attorney is able to use federal exemptions or if they have to use state exemptions from [...]

Many people are not familiar with the bankruptcy laws and when they fall behind and in a trap once again, they feel they have no option. It is possible for someone who has filed a Chapter 13 bankruptcy to re-file their case if their previous Chapter 13 case has been dismissed. The process to re-file [...]

Having a good Credit Score on your credit report is very important in our lives. In a time when things are costing more and more being able to receive a zero percent interest rate compared to an 18 percent that is a lot of money. Our credit is very fragile, you could have perfect credit [...]

When a Debtor files for a Chapter 13 bankruptcy the process takes from three to five years to complete the process. Over the years the Debtor makes payments to the Chapter 13 trustee each month and under the new law, it is wage deducted from one or both of the Debtors. Once the three to [...]

Stopping a Repossession of a vehicle can easily be done with the filing of a Chapter 13 Bankruptcy. The reason for the repossession is usually because of failure to make timely payments on the vehicle. Which if your not making those payments your probably not making payments on the credit cards and maybe on your [...]

Once you have completed the Meeting of creditors and the second online course, the financial management course, you are on your way to a Chapter 7 discharge. The Chapter 7 discharge comes about two months after the meeting of creditors and the bankruptcy courts will automatically mail out the discharge to the individual debtors. A [...]

The Chapter 7 meeting of creditors is similar to the Chapter 13 meeting of creditors, for the exception that it is not an all day event. The debtor will receive a notice of the bankruptcy courts letting them know the date and time of their meeting. The debtor will appear to their Chapter 7 meeting [...]

When you have been in your Chapter 13 bankruptcy for a while and you decide you can’t afford it any longer, you must contact your bankruptcy attorney to see what our options are. If you can convert to a Chapter 7 bankruptcy, in most cases, you must pay attorney fees to convert the case. You [...]

Once your Chapter 13 bankruptcy is filed there is a hearing that you must attend. You will receive a notice in the mail regarding this hearing and it can be confusing. The Chapter 13 meeting of creditors’ notice that the bankruptcy courts mail out has a time of 2pm, but you actually have to be [...]

For one reason or another your income has changed to were you can no longer make the the payments on the debt you have. Credit cards are not very understanding, meaning after a few slow payments or non-payment the interest rate jumps to the max, even on the cards you did not miss a payment. [...]