Bankruptcy terms like the means test can be confusing. Not only that, you may have the option to file for either Chapter 7 or Chapter 13. With this being such a complicated area of the law, it may be in your best interests to seek legal counsel from a Dallas, TX law firm. The Chapter 7 means test … [Read more...]
Non-exempt & Exempt Property in Bankruptcy
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 … [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...]
Can I Exclude a Credit Card from Chapter 7 Bankruptcy? Here’s What You Need to Know
If you’ve ever wondered whether you could keep a credit card out of a chapter 7 bankruptcy to preserve your credit line, you’re not alone. Many people facing overwhelming debt hope to keep at least one credit card as a backup. However, can I exclude a credit card from Chapter 7 bankruptcy? The short … [Read more...]
How Chapter 7 Helps Amid Foreclosure
Foreclosure can be a stressful and overwhelming experience. When you fall behind on mortgage payments, your lender can take legal action to repossess your home. This is the last thing many homeowners want, but it is a reality that many face. Fortunately, there is a way to protect yourself from … [Read more...]
What You Should Know Before Filing Chapter 7
Chapter 7 bankruptcy filings in Texas may seem like the way to get out of financial trouble. However, even with Texas bankruptcy exemptions and the help of a Dallas bankruptcy attorney, you may be confused about whether Chapter 7 is right for you. When considering bankruptcy filings in Texas as an … [Read more...]
Avoiding Car Repossession in Chapter 7 Bankruptcy
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 … [Read more...]
How Plano Graduates Can Get Out of Student Debt
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 … [Read more...]
Bankruptcy Filings in Texas: who will handle your case?
Bankruptcy filings in Texas can be very confusing for anyone who doesn't handle these kinds of cases on a daily basis. Trying to understand Chapter 7 vs. Chapter 13 alone can be frustrating. Therefore it's important that you have good legal counsel. However, you should interview several candidates … [Read more...]
Comparing Chapter 13 and 7 Bankruptcy in Dallas
The difference between a chapter 13 and a chapter 7 bankruptcy in Dallas comes down to whether or not the bankruptcy court rules to completely discharge your debts or to set you up with a repayment plan to repay part or all of your debts to your creditors. When you are unsure of the … [Read more...]
