What to Expect from Pre-Bankruptcy Credit Counseling

What to Expect from Pre-Bankruptcy Credit Counseling

Before filing for bankruptcy, debtors are required to complete a mandatory, credit counseling course. The credit counseling course must be a non-profit and officially approved by the US Bankruptcy Court. If you file your bankruptcy petition without proof of completion, your bankruptcy case will be dismissed. The credit counseling course, however, need not be feared,  … Read more

  Filed under: Filing bankruptcy


Getting a Repossessed Car Back with Bankruptcy

Getting a Repossessed Car Back with Bankruptcy

Struggling with debt is a stressful experience which can be expounded by having your vehicle repossessed. When you default on a car loan by missing a payment, the lender of your automobile loan has the right to repossess your automobile. If you’re in danger of having your automobile taken, there are steps that you can  … Read more

  Filed under: bankruptcy


How Bankruptcy Store Closing are Affecting Malls

How Bankruptcy Store Closing are Affecting Malls

For those unaware of the matter, retail stores and restaurants in the US have had a rough go over the past 24-36 months, keeping bankruptcy attorneys quite busy. Some absolute behemoths of industry such as Claire’s, Toys R’ US, Pac Sun, Aeropostale, Wet Seal, and Bon Ton have all filed bankruptcy since 2015, in a  … Read more

  Filed under: News


Houston Bankruptcy Watch: Erin Energy Corp.

Houston Bankruptcy Watch: Erin Energy Corp.

In recently Houston, TX bankruptcy news, Erin Energy announced this week that it will file for voluntary bankruptcy protection in an effort to restructure debt and restore its finances. Formally known as Camac Energy, the Houston-based oil and gas exploration and production company focused mainly on oil and gas development for African offshore plays, weighing  … Read more

  Filed under: News


How Much Debt Do I Need to File Bankruptcy?

How Much Debt Do I Need to File Bankruptcy?

Numerous individuals wonder if they have enough debt to file for bankruptcy protection. The fact of the matter is that there is no legal minimum set for in the US Bankruptcy code to become eligible for bankruptcy. There is, however, a debt ceiling that limits an individual from filing Chapter 13 bankruptcy. Minimum Debt to  … Read more

  Filed under: Debt


Oil Company Completes Exit of Houston Bankruptcy

Oil Company Completes Exit of Houston Bankruptcy

In a closing to the final chapter of the nearly 24 months Chapter 11 Houston bankruptcy process, the Texas-based Breitburn Energy Partners successfully exited chapter 11 reorganization this week. The company will now be known as Maverick Natural Recourses LLC. The company, who began its Chapter 11 bankruptcy process in 2016 after oil prices plummeted  … Read more

  Filed under: News


Houston Based Charming Charlie Files for Chapter 11

Houston Based Charming Charlie Files for Chapter 11

Houston Based Charming Charlie field for Chapter 11 bankruptcy protection this week, as yet another retailer is forced to restructure its debt in order to remain solvent. Charming Carlie’s is a women’s jewelry and accessory retailer founded in 2004 by Houston entrepreneur Charlie Chanaratsopon. The company has operated over 350 global retail locations across North  … Read more

  Filed under: News


3 Reasons Why Creditors Attend 341 Meetings

3 Reasons Why Creditors Attend 341 Meetings

Perhaps the largest source of anxiety with declaring bankruptcy is the court appearance called the 341 meeting of creditors. Appearing in court can be considered an unpleasant experience by some, however, the 341 meeting isn’t your normal court appearance and shouldn’t be feared. The 341 meeting can be viewed as a one-on-one conversation between yourself  … Read more

  Filed under: bankruptcy


Things You Cannot Do During a Chapter 13 Bankruptcy

Things You Cannot Do During a Chapter 13 Bankruptcy

For those of you who have heard that Chapter 13 bankruptcy can be difficult, it’s not too far from the truth. Surviving a Chapter 13 bankruptcy repayment plan over the course of 3-5 years is no small feat and requires an iron-clad will and systematic conscious of your finances at all time. Bankruptcy requires individuals,  … Read more

  Filed under: Chapter 13


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