Blog Category: bankruptcy


Bankruptcy for Veterans

Bankruptcy for Veterans

Veterans in our country can’t be appreciated enough. There are numerous, special rules that help veterans obtain housing and student loans, and the US Bankruptcy code is no different. As a disabled veteran or active duty service member, you are entitled to special exceptions when declaring bankruptcy. Chapter 7 Means Test When filing for Chapter  … Read more

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Getting a Repossessed Car Back with Bankruptcy

Getting a Repossessed Car Back with Bankruptcy

Struggling with debt is a stressful experience which can be expounded by having your vehicle repossessed. When you default on a car loan by missing a payment, the lender of your automobile loan has the right to repossess your automobile. If you’re in danger of having your automobile taken, there are steps that you can  … Read more

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3 Reasons Why Creditors Attend 341 Meetings

3 Reasons Why Creditors Attend 341 Meetings

Perhaps the largest source of anxiety with declaring bankruptcy is the court appearance called the 341 meeting of creditors. Appearing in court can be considered an unpleasant experience by some, however, the 341 meeting isn’t your normal court appearance and shouldn’t be feared. The 341 meeting can be viewed as a one-on-one conversation between yourself  … Read more

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Houston, Texas Best Place to Pay Off Debt

Houston, Texas Best Place to Pay Off Debt

Paying off debt doesn’t necessarily mean you have to earn more, in fact, a more effective strategy is to save more. Part of paying off debt is about being financially responsible, however, it never hurts if you live in a city or state that allows you to leave cheaply. In a recent report on the  … Read more

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Government Fines in Bankruptcy

Government Fines in Bankruptcy

Many people ask if they can discharge government fines in bankruptcy. Things like federal, state, and municipal fines can be eliminated in some instances. In nearly every case that a government entity imposes a fine as a punishment for thing such as the following are not dischargeable in bankruptcy and must be paid: DUI related  … Read more

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Listing Your Legal Claims in Bankruptcy

Listing Your Legal Claims in Bankruptcy

When you file Chapter 7 or Chapter 13 bankruptcy you must, as part of the bankruptcy petition filing, disclose all potential legal clams. Or in other words, anyone that you may receive money from in the future whether or not a lawsuit has been file already, should be included in your bankruptcy as an asset.  … Read more

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Documents Needed for Bankruptcy

Documents Needed for Bankruptcy

When you are filing bankruptcy there are many forms to fill out and many documents that you will need to provide both your bankruptcy attorney, as well as, the bankruptcy trustee. When you file your bankruptcy paperwork, you will obviously need documentation giving an accurate an honest picture of your finances. The documents needed for  … Read more

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Insolvency vs. Bankruptcy

Insolvency vs. Bankruptcy

Insolvency is a term that can be used to describe having more debts than assets or not being able to pay debts when they are due. Insolvency takes on a slightly different meaning when discussing taxes. When a person has had a debt canceled and still has more debts versus assets, they are considered insolvent  … Read more

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Bankruptcy Filing Timing

Bankruptcy Filing Timing

You want to file a bankruptcy but cannot decide when.  At times, you may be better off delaying because you may get to keep your property. Or, maybe you could deal with debt in some other way, and not announce bankruptcy.  We’ll highlight some common scenarios, and give you a relevant advice on each. Bankruptcy  … Read more

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Types of Bankruptcy

Types of Bankruptcy

Bankruptcy is of several types, each of which has varying purposes and caters to different kinds of debtors. Learn more about the differences in types of bankruptcy. Types of Bankruptcy Chapter 7 The chapter 7 bankruptcy is also regarded as the liquidation or straight bankruptcy. You can file whether you are an individual or married  … Read more

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