Blog Category: Chapter 13

When you are entering into a bankruptcy naturally you have grave concerns as to what is going to happen to your assets. You are also concerned about how your creditors are going to deal with this. One of the most important assets that you may have is your car. You want to know if you  … Read more

It doesn’t matter whether you are going for a Chapter 7 or Chapter 13 bankruptcy you will be assigned a bankruptcy trustee. As such this professional will need to be paid for their services. The payment rate is different according to the Chapter 7 or Chapter 13 bankruptcy. Trusting The Trustee Bankruptcy trustees in a  … Read more

At first some individuals don’t like the fact that they can only qualify for the Chapter 13 Bankruptcy. However, once it is all put into place and they feel the relief that it can bring, they are happy with the choice they made to go bankrupt. Under the Chapter 14 bankruptcy you will be making  … Read more

Most people believe that they would prefer to go with a Chapter 7 bankruptcy mostly because it gets things done and over with much faster that a Chapter 13. What they don’t realize is that they may be able to hold onto a lot more of their assets under the chapter 13. In either bankruptcy  … Read more

As with the Chapter 7 bankruptcy the bankruptcy case trustee will review all of the documents you have filed. Your bankruptcy attorney in Houston will assist you with the preparation and filing of the proper documents. This ensures that they are filled out without errors and in the proper format. Otherwise your bankruptcy case can  … Read more

One of the most common reasons that people end up filing for bankruptcy is because they have been hit with some huge medical bills that they just have no way of being able to pay. They then proceed with bankruptcy relief and it is determined if they qualify for a chapter 13 bankruptcy. Types of  … Read more

Chapter 13 bankruptcy deals with debt differently than the chapter 7 bankruptcy does. With a chapter 13 bankruptcy your debts and payments of them are reorganized into a payment plan. This plan usually runs for a period of 3 to 5 years. When it comes to your credit card debt, the bankruptcy courts will decide  … Read more

Many times individuals checking out their bankruptcy options are often disappointed when they find out they have to go with a Chapter 13 bankruptcy. Usually this disappointment is not justified and is as a result of not fully understanding the differences between a chapter 7 bankruptcy and a chapter 13. Most people think that with  … Read more

Once you retain the services of a Houston bankruptcy attorney he will go over your financial situation with you in detail. He will be able to explain to you how your specific debts will probably be categorized in your chapter 13 bankruptcy. Usually the debts are put into various classifications. These are comprised of secured  … Read more

It is not unusual at first for many people wanting to go bankrupt to discover that they don’t qualify for a Chapter 7 bankruptcy but instead have to go with the Chapter 13 bankruptcy relief. To them it is simply a payment plan that is going to put in place. If this is the case  … Read more