Confirmation of Plan in Bankruptcy

Confirmation of Plan in Bankruptcy

Chapter 13 bankruptcy is for reorganizing your debt without losing any of your property. A payment plan will be worked out to repay any past debt while continuing to pay your current bills. When you file Chapter 13 bankruptcy, the court will hold a confirmation hearing. The hearing is where the court decides to confirm  … Read more

  Filed under: Filing bankruptcy


Proof of Claims in Bankruptcy

Proof of Claims in Bankruptcy

A proof of claim is a document filed in the United States bankruptcy court. The document is to register a claim against the assets of the debtors. The claim will list the amount owed as of the date of the bankruptcy and if relevant, any priority status. All creditors that wish to get paid must  … Read more

  Filed under: Filing bankruptcy


What is the meeting of the creditors in Bankruptcy

What is the meeting of the creditors in Bankruptcy

The meeting of the creditors, also called the 341 meeting since it is the chapter in the bankruptcy code, is a mandatory meeting required of all debtors that file bankruptcy. Typically, the meeting is scheduled approximately 30 days after you submit your paperwork. The meeting is informal, taking about 10 minutes and there is no  … Read more

  Filed under: Filing bankruptcy


Gambling and Bankruptcy

Gambling and Bankruptcy

For some people, gambling starts as entertainment and quickly becomes an addiction. Always certain the next spin or hand will be the next big jackpot. Besides casinos, other opportunities to gamble include lottery tickets, dog or horse racing, online gambling and informal sports betting. Even though we don’t have any casinos in Texas, they are  … Read more

  Filed under: Debt


Converting Chapter 13 Bankruptcy to Chapter 7

Converting Chapter 13 Bankruptcy to Chapter 7

When you and your Houston Bankruptcy Attorney file for Chapter 13 in Texas, you submit a Chapter 13 repayment plan. This financial reorganization plan takes into account how much excess income you earn every month that can be paid to creditors. The Chapter 13 repayment plan lasts anywhere from 3 to 5 years, which is  … Read more

  Filed under: Chapter 7


Medical Debt Continues to Cause Bankruptcy

Medical Debt Continues to Cause Bankruptcy

Medical debt has long been one of the leading causes of bankruptcy in Texas and every other state in the union. Medical debt can strike anyone at any time; Even individuals in high tax brackets who have insurance. AS the nation has pushed for universal healthcare that works for everyone, here is the latest on  … Read more

  Filed under: medical debt


Getting Help With Your Bankruptcy

Getting Help With Your Bankruptcy

Legally, you can file bankruptcy on your own. You can fill out the paperwork, file it with the clerk and represent yourself with the trustee, your creditors, and the bankruptcy judge. The question is, should you? You could spend hours combing over all the information you can find about how to fill out your forms  … Read more

  Filed under: Filing bankruptcy


What Can I Keep During Bankruptcy?

What Can I Keep During Bankruptcy?

Often the first thing people wonder when they are thinking about filing bankruptcy is how much of their stuff they will have to give up. Keeping Assets In most cases, you will be able to keep your most essential assets such as your home, vehicle, furniture and personal property. Very often debtors who file bankruptcy  … Read more

  Filed under: Filing bankruptcy