bankruptcy blog

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

When it comes to filing for bankruptcy in the US it doesn’t matter whether it is a Chapter 7 or Chapter 13 bankruptcy, there are many forms that must be filled out for the bankruptcy procedure. It is most important that you know which forms you must complete and how to complete them so that  … Read more

Many individuals filing for bankruptcy assume that they can have a choice between either a Chapter 7 or Chapter 13 bankruptcy. Both of these have specific criteria that must be met in order to qualify. This determines which bankruptcy you will be eligible for. Chapter Considerations In a Chapter 7 bankruptcy it is usually a  … Read more

It doesn’t matter whether you are going for a Chapter 7 or Chapter 13 bankruptcy you will be assigned a bankruptcy trustee. As such this professional will need to be paid for their services. The payment rate is different according to the Chapter 7 or Chapter 13 bankruptcy. Trusting The Trustee Bankruptcy trustees in a  … Read more

When you file for bankruptcy you will be assigned a professional called a bankruptcy trustee. This individual makes all of the decisions concerning your bankruptcy. This is the person that decides who gets paid and who does not and what assets you are able to keep and those which will have to be sold. This  … Read more

One of the problems with bankruptcy is there is still a stigma attached to it. It is often perceived that if a person goes bankrupt that they either didn’t want to pay their bills, or they aren’t trustworthy with money. This is more thought of with personal bankruptcy compared to business bankruptcy. However, no matter  … Read more