Blog Category: Chapter 7

Before you even know what chapter of bankruptcy you are going to qualify for you need to complete a Means Test. This is done on a Form22A-1. It basically details your current monthly income and expenses. It will determine if you meet the criteria for a Chapter 7 bankruptcy. Chapter 7 Considerations In a Chapter  … Read more

No one should ever enter into bankruptcy proceedings without a full understanding of what it entails. There are some that think that under a Chapter 7 Bankruptcy that all of their debt will be totally wiped away and none of their assets will be at risk. The first step is to seek out the advice  … Read more

Filing for bankruptcy is not just a matter of going before the courts with all of your bills and having a judge rule that you don’t have to pay them because you are not financially able to. Unfortunately many people think it is that simple. While the Chapter 7 bankruptcy has been put in place  … Read more

Believe it or not, in a bankruptcy, there are Texas bankruptcy exemptions for jewelry. The rules vary from state to state, but many states provide a certain amount of money towards protecting valuable pieces of jewelry through property exemption. Chapter 7 When seeking to protect a family heirloom or a wedding ring, understanding what property  … Read more

When you file for a Chapter 7 bankruptcy your eligibility will be determined by the Means Test. This test is to ensure that only the financially insolvent qualify for a Chapter 7 bankruptcy by reviewing the financial background of the debtor against a standard measure. The test criteria varies by state so it’s important to  … Read more