People begin to ask themselves (and others), “What does bankruptcy do?” as they begin to consider the possibility that they may need to file for bankruptcy. Being well-informed on the bankruptcy processes is vital to adequately preparing yourself. The more prepared you are, the more likely you are … [Read more...]
Car Repossession in a Texas Chapter 7 Bankruptcy
The ongoing economic crisis is being reflected in the personal bankruptcy status rate, which shows that more people are going this route in order to find relief from their financial troubles. To learn if this is the best option for your situation, you should consult with a Dallas, Texas Chapter 7 … [Read more...]
Chapter 7 Bankruptcy Information: How Dallas Divorce Can Impact Filed Bankruptcies
Have you been through a divorce, or are you facing divorce in the future? Bankruptcy can impact both spouses in some cases, whether they’re still together or in the process of being separated, and it’s important to know what may happen to the both of you in a Chapter 7 bankruptcy. If you’ve gone … [Read more...]
Chapter 7 Bankruptcy Information: 7 Non-Dischargeable Debts
It’s a common myth that a Chapter 7 bankruptcy will wipe out all your debts. While this may be true for some cases, it’s not so simple for most debtors who seek to eliminate all their debt. 7 Non-Dischargeable Debts in Chapter 7 Bankruptcy The 7 common types of debts that aren’t dischargeable … [Read more...]
After Passing the Means Test for Bankruptcy in Texas
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...]
