bankruptcy blog

You have to understand that the value for your property that you list in your bankruptcy is not as you perceive the value of them. It has to be the actual cost for it, if they were going to be replaced at this time. You may have to have supporting documentation that shows the trustee  … 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

When you are ready to file for bankruptcy there will be a qualification process that you will need to go through for either the chapter 7 or chapter 13 bankruptcy offerings.In either case you are medical debts will be addressed. The type of debt that you have, are placed into different categories when you are  … Read more

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

When you have completed your chapter 13 bankruptcy filing your bankruptcy lawyer will review all of your obligations pertaining to it with you. It is important that you follow through with the bankruptcy plan as it has been designed. Circumstances in life do change though, so what do you do if your financial situation changes  … Read more

Having to deal with creditors day in and day out is devastating. Especially when there is nothing you would like better than to be able to pay them and be over and done with them. It gets worse when they are not only threatening legal action, but have actually started the proceedings like a home  … Read more

When an individual is contemplating bankruptcy they are highly concerned as to what they are going to lose. One of the reasons they are even thinking about this type of debt relief is so they won’t lose everything. If a bankruptcy means that everything is going to be repossessed then what is the point of  … Read more

One of the biggest questions that come up when an individual is thinking about filing a Chapter 13 Bankruptcy is if all the creditors have to comply with the Bankruptcy ruling. For debts that are eligible to be handled under this particular bankruptcy the answer is YES. Creditors and Debt Once this financial relief action  … Read more

If you are thinking about filing for a Chapter 13 bankruptcy and you are eligible for this type of resolution you really need to understand how it is going to affect your present financial situation but also in the future. It can be overwhelming when going through a bankruptcy process, but if you use an  … Read more

One of the biggest reasons that most people want to go bankrupt is to get their creditors off their backs, and not because they merely don’t want to pay the debt. Creditors can be ruthless and incessant in their collection attempts. Even when they know the individual owing the money has no options to make  … Read more