Hiding inheritance in bankruptcy – or hiding any asset for that matter – is one of the bad decisions people may make when they are going through the bankruptcy process. Always follow Texas bankruptcy laws, and come to Plano bankruptcy attorneys with any questions that may arise to ensure compliance. Because bankruptcy may utilize non-exempt… Read More

Spendthrift trusts may be helpful for individuals who file for bankruptcy in Texas but who later receive an inheritance shortly after filing for bankruptcy. In many cases, it is likely that assets from an inheritance received within 180 days of filing for bankruptcy will be used to pay off creditors, or will in some way… Read More

Learning how to get out of student loan debts may prove helpful to some who are heavily financially burdened. Although it may sometimes be totally eliminated, it is generally difficult to erase. Options for Dealing with Burdensome Student Loan Debt  If you’re struggling to make payments, one option is to apply for a payment plan… Read More

Not everyone meets eligibility requirements for Chapter 7 bankruptcy. Through the means test, potential filers can determine if they qualify to file. This is a test that is used to determine if you may be able to meet some level of your obligations through another type of bankruptcy called Chapter 13 or if you truly… Read More

When looking into the option of filing a Chapter 7 bankruptcy, one of the primary concerns for many is how to avoid car repossession. Most people realize the need to retain their vehicle and continue making payments on it. While you could surrender your vehicle if you choose, doing so may wind up causing you… Read More

There are numerous potential reasons to file Chapter 7 bankruptcy, and usually there are several combined factors that lead someone to make that decision. Nobody wishes for financial hardships; but unfortunately, hard times and difficult circumstances force many Americans to seek solutions such as this. Possible Reasons to File Chapter 7 Bankruptcy Why do people… Read More

A Richardson Chapter 7 bankruptcy attorney discusses some of the most common barriers to filing for Chapter 7 bankruptcy and discharging debts. The process does not always go smoothly. Sometimes, a party involved in the process will challenge the filing or cause delays in the process for various reasons. Creditors can sometimes challenge a discharge… Read More

A Richardson Chapter 7 bankruptcy attorney can help you with the bankruptcy process, which can discharge many debts, but generally not student loans. Unfortunately, student loans can leave a person with debt totaling tens or even hundreds of thousands of dollars. Paying off this amount of debt can be close to impossible, especially if you… Read More

Filing a Chapter 7 bankruptcy case requires you to release qualifying assets and property to your creditors to help repay your debt. This only applies to non-exempt property, and in Texas, that may not be as much as you think. Non-exempt Property Under Texas Chapter 7 bankruptcy law, any assets or property you have that… Read More