When facing overwhelming debt, Chapter 7 bankruptcy can feel like a lifeline. But before taking this important step, you may have a burning question: What does a Chapter 7 discharge mean? In essence, it's the court's official declaration that you're no longer legally obligated to repay certain debts … [Read more...]
Can I Keep My Paid Off Car in Chapter 7?
"Ever since I lost my business during the pandemic, I’ve feared going down the road to bankruptcy. Of all the things I worried about, the one that kept troubling me most was a creditor coming for my car," Dale told his friend Ernie. “I get it, there’s something about a man’s car that makes it more … [Read more...]
Filing Chapter 7: What Happens to My Cosigner?
Facing Chapter 7 bankruptcy is tough, not just for you but also for those tied to your financial journey. One critical concern many have is what happens to my cosigner if I file chapter 7. In this piece, we're setting out to help you understand Chapter 7 bankruptcy and its impact on your cosigners, … [Read more...]
Understanding the Chapter 7 Bankruptcy Process
Chapter 7 bankruptcy is a legal process that can offer a fresh start for individuals overwhelmed by debt. In Texas, our law firm, Warren & Migliaccio, L.L.P. have helped thousands of people through the bankruptcy process, so we have created this blog to explain what Chapter 7 bankruptcy is, … [Read more...]
Can a Second Mortgage Be Discharged in Chapter 7?
As an attorney with extensive experience in bankruptcy law here in Texas, I encounter clients facing all sorts of complex financial challenges. I remember the first call I received from a new client named Hank, a Texan grappling with how to manage the second mortgage on his home that he just … [Read more...]
The differences between Personal and Business bankruptcy
The Crossroads of Financial Distress: Navigating Personal and Business Bankruptcy in Texas Financial hardship can strike at any time, impacting both individuals and business entities. When faced with overwhelming debt, navigating the complexities of bankruptcy can seem like a daunting prospect. In … [Read more...]
Chapter 7 Means Test Calculator Online: A Guide to Financial Relief
As an attorney focused on consumer bankruptcy law, I recently had an encounter with a single mother struggling to make ends meet. Let's call her Sarah for story purposes even though that’s not her real name. Juggling multiple jobs to support her two young children, Sarah found herself drowning in … [Read more...]
Chapter 7 Pros and Cons: Weigh Your Options Carefully
In my role as a bankruptcy attorney here in Texas, I've helped many individuals dig out from under soul crushing debt. Each client brought a unique story and set of circumstances to the table but many of them also shared similar struggles and fears. Please allow me to tell you about Mr. Whirley. … [Read more...]
