Blog Category: Filing bankruptcy

When you are becoming involved in a Chapter 7 Bankruptcy you will have to present your secured and unsecured debt for bankruptcy consideration. Your secured debt is that which has collateral being held against it by your creditor. For example, this may be the mortgage on your house, or the loan for your car in  … Read more

It seems ironic that people who are going bankrupt under the Chapter 7 Bankruptcy that in order to do so have to come up with a fee to file for bankruptcy. If you have hired a Houston bankruptcy attorney he will explain to you that you may be able to file for a fee waiver.  … Read more

Once you decide that bankruptcy is the action you want to take to get yourself back on your financial feet, you need to seriously consider hiring a Houston bankruptcy attorney. There are several questions that you should ask this legal professional before making your final decision as to whether this is the one you want  … Read more

You have to be aware that when you are filing for bankruptcy that you must declare all of your assets. Your inheritance is classed as an asset. If you know that you are going to be receiving some money through an inheritance, or if you receive money through a trust you must declare this. That  … Read more

When an individual gets to a point where they have to start thinking about bankruptcy, they often feel stunned. It is almost as if their dire financial situation has crept up on them. Then all of sudden it’s like reality sets in and there may be no way out of this financial mess but to  … Read more

Chances are once you decide to go bankrupt you may share this decision with others. Be prepared for some negative comments. Not everyone realizes that bankruptcy relief is there to help honest people in financial difficulty get a fresh start. Some will tell you that bankruptcy is just a way for dishonest people to offset  … Read more

Exemptions are handled a little differently depending on whether you are in a chapter 7 or chapter 13 bankruptcy, and depending on your state of residence. Whether you choose Texas bankruptcy exemptions or exemptions under Federal law, no matter what State you live in. These exemptions allow you keep specific types and amounts of property  … Read more

One of the conditions of your Houston bankruptcy will be that you take a debtor education course. It has to be done through an organization that the Government has approved of. In addition to this, you must also complete a credit counseling course that is also government approved. Differences Among States These rules can vary  … Read more

One of the problems with bankruptcy is that many people who are thinking about using this financial opportunity to get out of debt listen to the wrong advice. Or they feel it is an easy court procedure they can conduct themselves. These are the first two potential mistakes a bankruptcy attorney can help you avoid.  … Read more

Many people who have found themselves in financial ruin have exhausted all other options before resorting to bankruptcy. This might be considered noble or righteous behavior, but it is also unnecessary and can be dangerous. People can struggle to pay back debts for much longer than is necessary, and bring themselves to a financial point  … Read more