In most Chapter 7 and Chapter 13 bankruptcies, the debtor must attend a meeting called the bankruptcy 341 meeting of creditors. He must bring along certain types of documentation to the meeting. Some of those documents are mandated by bankruptcy law; others are mandated by the local laws in the district, while still others are… Read More
When should I file for bankruptcy in Dallas so the trustee doesn’t get my tax refund?
Texas allows you to choose between Texas tax exemptions and federal tax exemption rules. If you choose Texas exemptions, you may be unable to keep the refund. But if you choose federal exemptions, you may keep the refund under the wildcard exemption, which allows you to exempt up to $1,150 in personal property and up… Read More
Where can I get online bankruptcy forms?
When a person wants to file any bankruptcy-related action in Plano, there are a number of forms that he must first fill out before he takes any further action. You will require Official Bankruptcy Forms to initiate a bankruptcy action, and Procedural Forms for some stages of the bankruptcy proceedings. Locating Online Bankruptcy Forms The… Read More
What are the requirements to file bankruptcy and the necessary fees?
Filing for bankruptcy in Plano has certain requirements that those filing must meet. There are also specific fees that they must pay. Read on to learn more about the requirements to file bankruptcy, as well as any associated bankruptcy filing fees. What are the bankruptcy filing fees? There are numerous bankruptcy filing fees. Anyone who… Read More
Can one spouse file for bankruptcy? Will one spouses debt affect the other’s credit?
Yes, one spouse can file for bankruptcy. The other might be affected too, though the bankruptcy will not appear on his or her credit report. Chapter 7 bankruptcy filings will remain on the filing spouse’s credit report for 10 years after filing, whereas Chapter 13 filings will remain on the filing spouse’s credit report for… Read More
Debt Collector Harrassment: What To Do
If you are receiving non-stop phone calls from debt collectors, you have the right to stop the collection calls. The Fair Debt Collection Practices Act (FDCPA) makes it illegal for debt collectors to engage in certain harassing and abusive behavior in an effort to collect a debt. That includes making harassing phone calls. Consumers should… Read More
Do I need to tell my employer or landlord I filed bankruptcy?
Depending on what kind of bankruptcy you filed — Chapter 7 or Chapter 13 – an employer or landlord could discover it. Furthermore, the answer varies in regard to your boss and your landlord. Do I have to tell my employer I filed for Chapter 7 bankruptcy? Filing Chapter 7 bankruptcy does not obligate you… Read More
Can I file for bankruptcy again? Is there a time limitation between bankruptcies?
If you have previously filed for bankruptcy but need to file again, the ability to do so depends on if you’re filing the same type of bankruptcy as you did the last time. Different rules apply. This will also determine when you can file the next bankruptcy. The majority of people, roughly 80 percent, who… Read More
Do I have to close all my bank accounts after a bankruptcy?
Bank accounts don’t necessarily have to be closed after a bankruptcy. However, the money in those accounts could become an issue when filing for Chapter 7 bankruptcy. That’s because the assets of those who file Chapter 13 bankruptcy are protected. But with Chapter 7, some types of property have to be sold or used in… Read More
Why should I use a bankruptcy attorney?
There are several reasons to hire a bankruptcy attorney, even if there are forms and kits available online. Generally speaking, it can be a very complicated process that can feel overwhelming. Missing items or errors of any kind could potentially prevent a successful filing and may even lead to further complications. An Attorney Can Help… Read More
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