In the absolutely simplest Chapter 13 case you pay a monthly amount each month based on what you can afford and it's divided prorata among your unsecured debts. So, say, you pay $300 for 36 months, and all of your debts are paid 20% of what you owe, and at the end of the case all the remaining debts are discharged—written off. But Chapter 13 … [Read more...]
A More Complicated Chapter 7 Case
June 14, 2017 by Leave a Comment
In the simplest version of a Chapter 7 case: you easily pass the "means test" based on your income all your assets are protected by "exemptions" you either have no debts with collateral or else are current on these debts, and all your debts get discharged (legally written off). But what if your case isn't so straightforward? If Your … [Read more...]
What-Is-Required-In-A-Bankruptcy-341-Meeting
February 13, 2012 by Leave a Comment
In a consumer bankruptcy filing, whether a Chapter 7 or a Chapter 13, one of the first things that happens is a creditors meeting. Often referred to as the 341 meeting, this is when you and the bankruptcy trustee meet with your creditors. Generally, the 341 meeting occurs three to six weeks after your initial filing. The meeting is usually … [Read more...]
What-You-Can-keep-In-A-Texas-Bankruptcy
January 10, 2012 by Leave a Comment
When considering bankruptcy you are understandably concerned with what property you may keep. By understanding what exemptions are available to you in a bankruptcy it can help you take the necessary steps to resolve your financial situation. In Texas, federal and state exemptions are available to bankruptcy filers. On certain exemptions there are … [Read more...]
Garland-Consumer-Bankruptcy-Lawyers
December 7, 2011 by Leave a Comment
Although you aren’t required to hire a Texas bankruptcy lawyer to file for bankruptcy it is a good idea to consult with an experienced lawyer to better understand your situation. While there are countless books and websites that that offer advice on how to handle a bankruptcy by yourself, neither books nor websites can evaluate your set of … [Read more...]
Consumer-Vs-Commercial-Bankruptcy
October 4, 2011 by Leave a Comment
If you own or operate a business, and you are struggling to pay your bills, you may be considering a personal or business bankruptcy petition. You may be uncertain of the options available to you, and whether your interests will best be served by a consumer or commercial bankruptcy. This blog post identifies the different options in personal and … [Read more...]
Chapter-12-Bankruptcy-Protecting-Family-Farmers
June 20, 2011 by Leave a Comment
If you own or operate a family farm, and you are struggling to make ends meet, you may have considered bankruptcy as a means of getting a fresh financial start. Though you could seek protection under Chapter 7 (liquidation) or Chapter 13 (reorganization), the federal bankruptcy laws have a specific provision, Chapter 12, to provide relief for … [Read more...]
Alternatives to Bankruptcy in Texas
July 2, 2010 by Leave a Comment
Bankruptcy Alternatives: Can I Avoid Bankruptcy? I believe that one of the things that sets me apart from many other bankruptcy lawyers throughout the U.S. is my willingness and ability to look for the best options to accomplish your goals, whether bankruptcy or an alternative. My name is Carrie Weir, and I am a Rockwall lawyer with more than … [Read more...]
