bankruptcy blog

When you are filing for bankruptcy in Texas some of your property may be protected from those that that you owe money to. This property is listed on an exemption list. In Texas you have the choice of either using the federal exemptions or the State bankruptcy exemptions. What you want to be sure of  … Read more

Many people are under the impression that bankruptcy is the same no matter what state one lives in or is applying for bankruptcy. This is not the case as each state has their own rules and regulations that they follow for this type of financial relief. There are federal laws in place as well as  … Read more

It is not uncommon for a lot of people to believe that once they have gone bankrupt that their credit rating is ruined for a very long time. It can actually work in the reverse, as in most cases after filing for bankruptcy individuals find that their credit scores are raised. This is because they  … Read more

Some people run into finance problems even after they have gone bankrupt. They then question whether they are allowed to file for bankruptcy a second time. What has to be realized is that there are time limits for bankruptcies, but these apply to bankruptcy discharges and not bankruptcy filings. According to the law you can  … Read more

One of the worse financial predicaments to be in is having the bank foreclose on your house. As soon as the mortgage begins to fall into default most individuals live in the fear of losing their home. This is the time that those in this situation begin to think about bankruptcy. Usually it is immediately  … Read more

It may turn out that your Chapter 13 bankruptcy is the best method for dealing with your financial situation. Circumstances may change where you cannot honor the chapter 13 repayment plan. You may have decided that the property you were allowed to keep in your chapter 13 dealings is no longer important to you. You  … Read more

Once you have decided that bankruptcy is the only option to help you become financially stable again, the first step you want to take is to seek out a Houston bankruptcy attorney. Then you need to proceed with an open mind realizing that the bankruptcy is not something to be ashamed of or embarrassed over, but  … Read more

Most likely one of the biggest reasons that has led you to considering bankruptcy is the fact that you are dealing with numerous creditors. These individuals that you owe money to want to be paid and they can become incessant with their contact in the hopes that they will be able to get you to  … Read more

There are rules and regulations pertaining to every chapter of the different forms of Houston bankruptcy. In the Chapter 7 bankruptcy normally the debtor has to comply with the means test in order to qualify for this form of bankruptcy. This does not occur in all cases however. There are circumstances where the means test  … Read more

The Chapter 7 bankruptcy is a legal process that you need to go through if you have decided that this is a course of action you want to take for your debt resolution. Once you have decided to do this then there are steps that you have to go through in order for the bankruptcy  … Read more