Chapter 7 Bankruptcy Texas Means Test

Chapter 7 Bankruptcy Texas Means Test

When filing for Chapter 7 bankruptcy in Texas you are required to take a means test in order to be able to discharge your debts using bankruptcy. With exception of course, to Veterans who are exempt from a means test if the debt was incurred while on active duty. A means test is essentially a  … Read more

  Filed under: Chapter 7


Texas Credit Card Lawsuit Defense

Texas Credit Card Lawsuit Defense

When you fall behind on paying your credit card debt, your creditor will attempt to collect the debt, but if they believe that you have no intention of paying it back, they are likely to close the line of credit and file a lawsuit in order to obtain a judgment against you. Being sued by  … Read more

  Filed under: Debt


Texas Chapter 13 Discharge Process

Texas Chapter 13 Discharge Process

For those suffering from severe debt, who are considering bankruptcy or who are already in the Chapter 13 repayment process, you are probably curious as to how the Chapter 13 bankruptcy process is completed. A Chapter 13 bankruptcy can end in one of two ways, a dismissal or a discharge. One is the realization of  … Read more

  Filed under: Chapter 13


My Creditors are Threating Jail Time

My Creditors are Threating Jail Time

While not as common as it used to be, some creditors and debt collection agencies still result to bully tactics in an attempt to collect a debt that is owed to them. These are empty threats that include: publishing or advertising your debts, drain your bankruptcy account, or even having your arrested. While these menacing  … Read more

  Filed under: Debt


What Happens to Property Liens in Bankruptcy?

What Happens to Property Liens in Bankruptcy?

When creditors obtain a judgment against a debt you owe them, filing Chapter 7 bankruptcy can discharge the debt. However, if the debtor has obtained a property lien, bankruptcy won’t automatically wipe it out. In essence, debt owed to a creditor and the lien created to secure that payment are separate. Liens Explained When a  … Read more

  Filed under: Loans


Can Chapter 13 Bankruptcy Discharge Back Child Support?

Can Chapter 13 Bankruptcy Discharge Back Child Support?

If you have fallen behind on family support payments, either from child support or alimony, Chapter 13 bankruptcy can certainly help you out of your financial dilemma. While you can’t discharge these types of debts, you can reorganize your total debt load making it easier to avoid falling further behind on child support. Priority Debt  … Read more

  Filed under: Chapter 13


Eliminate Medical Debt with Bankruptcy

Eliminate Medical Debt with Bankruptcy

If you’ve incurred a large amount of medical debt, it can be a stressful situation in which you may feel you have no place to turn. There are, however, options available that can help eliminate medical bills. Debt accrued from medical procedures, hospital stays, and unexpected injuries is the leading cause of bankruptcy, and you  … Read more

  Filed under: Debt


How A Chapter 13 Bankruptcy Can Save Your Business

How A Chapter 13 Bankruptcy Can Save Your Business

Small businesses run America. The US Small Business Administration reported that in 2017 there were 29.6 million small businesses in operation, consisting of 57.9 million employees. Out of all the business in the United States, that’s 99.9% of them. Unfortunately, only about 50% of business make it to their fifth year anniversary. Businesses fail for  … Read more

  Filed under: Chapter 13