Blog Category: bankruptcy

Personal bankruptcy usually falls under one of these two types. Chapter 7, or liquidation bankruptcy, and Chapter 13, reorganization bankruptcy. Business bankruptcies generally fall under Chapter 11 that is also a reorganization bankruptcy and Chapter 12 bankruptcy for family fishermen or family farms, which is much like Chapter 13 and Chapter 11 bankruptcies. Chapter 7  … Read more

Wage garnishments can be embarrassing and make it difficult to pay your already heavy bills. You may be experiencing harassing phone calls if you have fallen behind on your debt payments. Reasons could be due to large unexpected bills, medical expenses, fewer hours at work, or any number of valid reasons that put you behind  … Read more

Some misconceptions about bankruptcy are that the person that filed bought lots of stuff they had no intention of paying for, or lived foolishly and now want it all cleaned up. Most of the people that file bankruptcy protection are honest hard working people that due to unforeseen circumstances put too much debt load for  … Read more

Filing bankruptcy can be a hard decision to come to, most of us think if we just work a little harder, pay a little more, we can get caught up in our finances and get the creditors to stop calling. When all other measures have failed or not feasible, such as borrowing money, consolidation loans,  … Read more

When you have tried other options to catch up on your debt, and you are still struggling, you may want to consider filing bankruptcy. Personal bankruptcy is a court protected plan to help those in financial stress to satisfy their creditors as much as possible. As soon as you file the bankruptcy paperwork, a court  … Read more

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

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

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

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

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