Individuals who receive an inheritance after bankruptcy may see that inheritance considered as part of the bankruptcy estate depending on when the inheritance is received and the type of bankruptcy case being pursued, e.g. Chapter 7 or Chapter 13. Obviously, it can be very difficult to plan a … [Read more...]
Chapter 7 and Student Loans Debt
Even when filing Chapter 7, student loan debt cannot be discharged. It is one type of debt that must always be repaid. There are exceptions, but these only exist in extreme circumstances. If you’re filing for bankruptcy in Plano, a bankruptcy attorney can go over your debt and answer your questions … [Read more...]
Chapter 7 Bankruptcy & Car Repossession: You Have Choices
In 2011, over 21,000 people filed Chapter 7 bankruptcy in Texas, according to the American Bankruptcy Institute (ABI). Many people become concerned as to whether they will face car repossession should they file for bankruptcy, and this may be one of the first questions clients bring to their Plano … [Read more...]
Chapter 7 Bankruptcy – Debts That Can and Cannot Be Discharged
Unsure whether to file for bankruptcy? A Richardson Chapter 7 bankruptcy attorney can review your financials and circumstances to help you better understand whether you qualify. When you are past due on your bills and unemployment or lack of funds has left you unable to take care of your financial … [Read more...]
Chapter 7 Bankruptcy Attorney May Help Delay Texas Foreclosure
Hiring a Dallas Chapter 7 bankruptcy attorney may prove beneficial if you are facing a foreclosure in Texas. If you have been struggling to make mortgage payments for a few months, you may be facing foreclosure. Don’t lose hope just yet because you may be able to delay it. Understand How the Bank … [Read more...]
Grounds for Chapter 7 Bankruptcy Filing
You might not have been willing to consider a Chapter 7 bankruptcy filing until now, but much of the stigma surrounding bankruptcy is baseless. To learn the ins and outs of your decision, you'll find valuable information on our bankruptcy website. So what are the grounds for filing Chapter 7 … [Read more...]
Signs that Chapter 7 May Not Be Right For You
Do you find yourself asking, “What does bankruptcy do?” When you are facing what feels like insurmountable financial hardship, you may turn to a possibility you’ve avoided considering before – filing for bankruptcy. The definition of eligibility for Chapter 7 bankruptcy in Dallas, however, must meet … [Read more...]
Texas Chapter 7 Bankruptcy: What Is and Isn’t Stopped under Automatic Stay
You can receive legal protection from efforts that would go against you, such as lawsuits, when you have filed for bankruptcy status. This article explains how you can be protected from a government entity, creditor or collection agency, with an automatic stay. A Dallas, Texas Chapter 7 law firm can … [Read more...]
Chapter 7 Means Test for Bankruptcy in Texas
When your debt becomes unmanageable, you may have legal options, like Chapter 7 bankruptcy, that can provide a fresh financial start. However, before you can file, you must qualify. Below, our Texas bankruptcy lawyers discuss the process of determining Chapter 7 eligibility, called the Texas … [Read more...]
Financial Choices: Chapter 7 Bankruptcy Information for Dallas Residents
When you define bankruptcy most filed bankruptcies for personal accounts are either going to be Chapter 13 or Chapter 7. A reaffirmation agreement is one part of Chapter 7 that can make an impact on this choice, as can many other factors. When you’re seeking Chapter 7 bankruptcy information,Dallas … [Read more...]
