Blog Category: Chapter 7


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


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

  Filed under: Chapter 7


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

  Filed under: Chapter 7


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

  Filed under: Chapter 7


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

  Filed under: Chapter 7


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

  Filed under: Chapter 7


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

  Filed under: Chapter 7


What Happens To The Family Bible During Bankruptcy?

What Happens To The Family Bible During Bankruptcy?

In many Chapter 7 bankruptcy proceedings the debtor will be allowed to keep a wide variety of things that are exempt from the proceedings. These include but are not limited to clothing and household furnishings and in some cases certain jewelry including the family wedding ring set if there is one. Another exemption that has  … Read more

  Filed under: Chapter 7


The Forms Required for a Chapter 7 Bankruptcy

The Forms Required for a Chapter 7 Bankruptcy

For many, the thought of going bankrupt is a whirlwind of emotions and legal maneuvering. Others feel that they know enough to be able to do the job themselves without the aid of a bankruptcy attorney or help of any kind. Keeping that thought in mind, let’s have a quick look at some of the  … Read more

  Filed under: Chapter 7


What Is A “Means Test” And How Can It Affect Me?

What Is A “Means Test” And How Can It Affect Me?

In 2007, the laws governing bankruptcy received an update, long overdue updates in some people’s minds. The new legislation made it somewhat more difficult for an individual to file for a Chapter 7 bankruptcy. In the past, the rules were not as strict and the ability of the population to file for bankruptcy and have  … Read more

  Filed under: Chapter 7