Bankruptcy Blog

When you have rental property that you plan on keeping and maintaining renters and at some point through the bankruptcy you plan on selling the property it is not as easy as it may seem. When you want to sell your homestead all you need is a contract between you and the buyer, present [...]

Many people start off in a Chapter 13 bankruptcy and after about one year find themselves in the same position they were in prior to filing their case. They find that they need to make a decision and do something different to get them back on their feet and get them on track. [...]

Many people don’t understand that when they file for bankruptcy, they find themselves in a hard spot with their car creditor and their mortgage company. All they want to do is talk to someone to fix a small problem, but they won’t talk to you. It is frustrating, but under the bankruptcy laws, [...]

If you have the misfortune of becoming incarcerated long-term during your Chapter 13 bankruptcy then you need to immediately write your attorney’s office. If you intend to remain in the bankruptcy then you may need to make arrangements with friend or family member to maintain payment on your secured debts and keep current with your [...]

During the course of your 36-60 months in Chapter 13 Bankruptcy, you will likely have gradual pay increases. These increases should not affect your bankruptcy plan payment after your Chapter 13 case has been confirmed.
Under New Reform Bankruptcy Law, the Means Test will determine whether you are required to pay your disposable income for 36 [...]

Once the stay is lifted on a house, the Debtor has a couple of decisions to make. He must decide if he wants to try and keep the house, surrender the house, or sell the house. Another decision the Debtor needs to make is if he wants to continue in the Chapter 13 [...]

The day after filing of a bankruptcy your credit is better than the day before. The reason is simple before filing all the unpaid bills were open accounts. If the unsecured amount was thirty thousand you owed thirty thousand, after filing the bankruptcy you don’t owe that money. This makes your debt to income a [...]

If you have included any utility bills, owed prior to filing, in Chapter 13 bankruptcy then your utility company may decide to no longer offer you the privileges. The electric, gas and water companies may no longer allow extensions, payment plans and/or grace periods on your account. It is very important that you pay the [...]

If 10 or days has lapsed since your Chapter 13 Case was dismissed then it is likely the court has closed the case. A motion to reopen must be filed with the suggestedcourt before a “Motion to Vacate Dismiss Order to Reinstate Chapter 13″ can be filed. The requirement for reinstatement of your Chapter [...]

One of my clients filed their bankruptcy in 2001. In 2005 they came to us because they had not yet paid their 2003 property taxes. Our office agreed to do a modification to include the post-petition property taxes.
The modification was approved with no problems, however, Tarrant County then refused to file a proof [...]