Let your Richardson bankruptcy lawyer know if you’re filing for bankruptcy or even just thinking about it. You may need to inform your employer know as well under certain circumstances. To answer this question simply, you do not have to inform your employer you’ve filed for bankruptcy except under … [Read more...]
Who will find out that I filed for bankruptcy?
A bankruptcy lawyer will tell you a bankruptcy case is public record. Anyone who wants to find out if you filed bankruptcy can find out but will have to do some research. The truth is not too many people will know unless you tell them. Credit reports may show your bankruptcy case for up to 10 … [Read more...]
What obligations do I have to creditors after I declare bankruptcy?
Your obligations to creditors after you have declared bankruptcy will depend on the specifics of your case. In many Chapter 7 cases, payments for unsecured debts, such as medical expenses and credit cards, are usually stopped, but payments on household expenses and secured debts, such as car loans, … [Read more...]
What is needed prior to filing for Bankruptcy?
1: Credit Counseling Certificate You must take and receive a certificate of completion for credit and budget counseling from an approved credit counseling agency within 6 months of filing your bankruptcy case. This counseling course is designed to inform you of your options in dealing with your … [Read more...]
Am I going to have to give up my personal possessions or property in bankruptcy?
If you are filing for bankruptcy in the United States, you may be wondering if you will have to give up your personal possessions or property. This will depend on the type of property. Law firms in Dallas, Texas who handles bankruptcy cases can help. Some of the laws surrounding bankruptcy will … [Read more...]
Is Chapter 7 bankruptcy harder to qualify for now?
Our law firm in Dallas has spent years making sure we fully understand how the 2005 changes to U.S. bankruptcy rules will impact our clients. The bankruptcy cases we’ve handled since have shown that these new laws can make it more difficult for you to file Chapter 7 bankruptcy in Dallas, as well as … [Read more...]
What will not be stopped by an automatic stay in bankruptcy?
An automatic stay can help protect you from lawsuits and other actions when you’ve been declared bankrupt. To learn what your rights are, you should consult with a law firm in Dallas, TX that handles bankruptcy cases. A voluntary petition for bankruptcy means that you’re seeking a legal way to … [Read more...]
Will I be able to keep my home in Chapter 7 bankruptcy?
In a Dallas chapter 7 bankruptcy filing, you will be able to keep your home on the condition that all of the equity in your home is exempt equity. Before you put yourself on the bankruptcy filing list, gather more information on how the existing bankruptcy code applies to your current financial … [Read more...]
What kind of bankruptcy will let me keep my property?
Although both merit a discharge of debt, the difference between a Chapter 7 vs. a Chapter 13 bankruptcy court filing is that through Chapter 7, much of your property is liquidated, while a Chapter 13 protects your property. Speak with an attorney about whether or not filing for bankruptcy in Texas … [Read more...]
What should I look for in a bankruptcy attorney?
Dealing with bankruptcy cases isn’t a matter to take lightly. Bankruptcy filings in Texas can be complex and frustrating – remember that your financial future is on the line. When you seek guidance for your situation, not just any Texas bankruptcy lawyer will do. Choosing the right lawyer can … [Read more...]
