Blog Category: bankruptcy


Bankruptcy Original Plans

Bankruptcy Original Plans

In the beginning, bankruptcy was a creditors remedy. It existed so the creditors could seize the property of a trader who was behind in payments and have him thrown in jail until his debts were paid. From the late 1600s to early 1800s these jails, modeled after the debtor’s prisons in London, were like workhouses.  … Read more

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Bankruptcy Trustee

Bankruptcy Trustee

When a debtor becomes bankrupt, a trustee must be appointed to represent the interest of the creditors and the debtor. A trustee is required in all personal bankruptcy cases and sometimes in Chapter 11 business cases if impartial control of the estate is needed. The permanent trustee is assigned at the meeting of the creditors  … Read more

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Reinstate your Texas Driver’s License Using Bankruptcy

Reinstate your Texas Driver’s License Using Bankruptcy

Filing for Texas bankruptcy protection can be a useful tool when facing seemingly insurmountable debt. When working with a Texas bankruptcy attorney, you can effectively stop foreclosures, repossessions, debt collection attempts, termination of your utilities, and even reinstate your Texas Driver’s license. While there are a few situations which can bar you from getting your  … Read more

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How Can Bankruptcy Keep Utilities from Being Shut-Off?

How Can Bankruptcy Keep Utilities from Being Shut-Off?

When you’re drowning in debt from credit card payments, medical bills, student debt, or legal fees, it can be every in one’s power just to keep food on the table and the rent paid. One essential for living that is an absolute must, especially in areas of the country like Texas was the climate can  … Read more

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How to Access Texas Bankruptcy Records

How to Access Texas Bankruptcy Records

There are several reasons an individual or organization would want to access Texas bankruptcy records. Perhaps you’re a person who is currently engaged in a Chapter 7 or Chapter 13 bankruptcy process and want to know the current status of your case. You may be an HR administrator who is conducting a financial background check  … Read more

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Unemployment and Bankruptcy

Unemployment and Bankruptcy

Loss of income is one of the major causes of bankruptcy in America, not to mention, bankruptcies in Texas. If you become unemployed and can’t afford your current living expenses or debt obligations, bankruptcy can offer solutions to keep your property and discharge unsecured debts. Deciding which type of bankruptcy you qualify for, however, will  … Read more

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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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