Blog Category: Chapter 7


Means Test for Chapter 7

Means Test for Chapter 7

The bankruptcy abuse prevention and consumer protection act of 2005 require individuals to take a “means test” to determine if they can file Chapter 7 bankruptcy. The test determines if the personal income is low enough to file Chapter 7 bankruptcy. The law was designed to keep high-income filers from filing Chapter 7 and eliminating  … Read more

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Chapter 7 Bankruptcy

Chapter 7 Bankruptcy

Also known as, regular bankruptcy, straight bankruptcy or liquidation bankruptcy, Chapter 7 is bankruptcy in the most basic form. Chapter 7 allows you to discharge or cancel certain debt, with no repayment plans. Debts that can typically be discharged include medical, auto, rent, utilities and some credit card debt. You must give up any of  … Read more

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Houston Bankruptcy Lawyer: Do I Qualify for Chapter 7?

Houston Bankruptcy Lawyer: Do I Qualify for Chapter 7?

Houston bankruptcy lawyers often meet with consumers who let debt pile up along with late fees, interest, and damaged credit, exacerbating their overall debt problems. When asked why they let their debt problem continue so long before meeting with a bankruptcy attorney to seek debt relief, many answer that they were worried because they were  … Read more

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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

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How to Keep Your Car in Chapter 7 Bankruptcy

How to Keep Your Car in Chapter 7 Bankruptcy

How to keep your car in Chapter 7 bankruptcy is an extremely common question. Many times, individuals rely on their automobile to get them to work and take care of basic necessities such as grocery shopping and doctor visits. Massive debt and wage garnishments can cause it to be difficult to stay current on your  … Read more

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Chapter 7 Bankruptcy puts Texas Class Action Lawsuit on Hold

Chapter 7 Bankruptcy puts Texas Class Action Lawsuit on Hold

The Ruby Tequila’s Mexican restaurant is a local Houston Texas based chain serving casual Tex-Mex cuisine. The company, owned by Fired Up Holdings ran into legal trouble in July of this year when a group of employees began complaining about not receiving a paycheck. By September, 63 of the former Ruby Tequila’s employees had filed  … Read more

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Pass the Chapter 7 Means Test

Pass the Chapter 7 Means Test

In order to file for Chapter 7 bankruptcy, you need to be able to pass the bankruptcy “means test” which takes into account your expenses and income. If your income is too high according to state and/or federal bankruptcy code, you will not pass the means test and either have to wait until your financial  … Read more

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How Long Does Chapter 7 Bankruptcy Take?

How Long Does Chapter 7 Bankruptcy Take?

Chapter 13 bankruptcies can last anywhere from 3 to 5 years, however, a Chapter 7 bankruptcy is typically resolved much sooner. How long does Chapter 7 bankruptcy take is among the most common questions asked by individuals and the answer can vary. On average you can expect your Chapter 7 bankruptcy to last four to  … Read more

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Hire an Attorney for Chapter 7 Bankruptcy

Hire an Attorney for Chapter 7 Bankruptcy

Some individuals are able to successfully file for Chapter 7 bankruptcy without an attorney. The primary reasons for individuals choosing not to be represented by a bankruptcy attorney when filing for Chapter 7 are the inability to afford attorney fees. Others simply feel they don’t need an attorney to file Chapter 7 bankruptcy. A local  … Read more

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Chapter 7 Bankruptcy Preparation

Chapter 7 Bankruptcy Preparation

Anyone that has experienced problems with debt knows how stressful it can be. Creditor harassment. Threats of lawsuits. Damaged credit. When it comes time to seek debt relief through bankruptcy it is important to do it right. It is important to understand the Chapter 7 bankruptcy preparation process. Take the time to speak to a  … Read more

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