bankruptcy blog

As with the Chapter 7 bankruptcy the bankruptcy case trustee will review all of the documents you have filed. Your bankruptcy attorney in Houston will assist you with the preparation and filing of the proper documents. This ensures that they are filled out without errors and in the proper format. Otherwise your bankruptcy case can  … Read more

The most common forms of bankruptcy in the US is Chapter 7 or Chapter 13. In either one of these there will a bankruptcy case trustee appointed to your case. It is this individual’s responsibility to review your bankruptcy filing. It must be determined that there is no fraud being attempted, and that there is  … Read more

One of the most common reasons that people end up filing for bankruptcy is because they have been hit with some huge medical bills that they just have no way of being able to pay. They then proceed with bankruptcy relief and it is determined if they qualify for a chapter 13 bankruptcy. Types of  … Read more

Chapter 13 bankruptcy deals with debt differently than the chapter 7 bankruptcy does. With a chapter 13 bankruptcy your debts and payments of them are reorganized into a payment plan. This plan usually runs for a period of 3 to 5 years. When it comes to your credit card debt, the bankruptcy courts will decide  … Read more

After your bankruptcy has been completed, you can get some good tips from your Houston bankruptcy lawyer on how to re-establish your credit for the future. Your first thought is you never want to go into debt again and this is a wise way of thinking. However, there may be times that arise that you will need  … Read more

One of the leading causes of debt for many people is their credit card debt. Most individuals start off with obtaining a credit card so they can establish their credit. More often than not it ends up in a short period of time where the card gets maxed out, and the individual proceeds to get  … Read more

Many people that are in a financial mess are dealing with a lot of emotions that come with this type of problem. They are embarrassed, frustrated and disheartened. Friends and family may encourage them to go bankrupt and lead them to believe that this is a easy process that they can do themselves. It has  … Read more

When individuals get behind in their debt obligations it doesn’t take long before the creditors start hounding the person for their money. These creditors are not concerned about how much money you owe to others or what personal problems you may have. Their priority is to collect their money. For the most part this will  … Read more

Many times individuals checking out their bankruptcy options are often disappointed when they find out they have to go with a Chapter 13 bankruptcy. Usually this disappointment is not justified and is as a result of not fully understanding the differences between a chapter 7 bankruptcy and a chapter 13. Most people think that with  … Read more

Once you retain the services of a Houston bankruptcy attorney he will go over your financial situation with you in detail. He will be able to explain to you how your specific debts will probably be categorized in your chapter 13 bankruptcy. Usually the debts are put into various classifications. These are comprised of secured  … Read more