You may have heard that Chapter 7 is a relatively quick process. But how long does bankruptcy Chapter 7 take from filing to discharge? Typically, you can expect your case to last anywhere between four to six months. But the timeline may vary depending on the specifics of your case. An experienced Dallas bankruptcy attorney can help [...]
By now, you're probably well aware of the benefits of bankruptcy. And if you've been struggling with unmanageable debt for a while, you may be seriously considering pursuing debt discharge through Chapter 7. But what how does it work, and what can you do to prepare your case? Below, we discuss how to file bankruptcy Chapter [...]
Most people who file Chapter 7 bankruptcy have little assets and qualify to have most of their unsecured debt discharged. Unsecured debt that may qualify to be wiped off or discharged includes medical bills and credit cards . Having little assets and qualifying debt can help make the process a lot easier. Keep in mind, [...]
Should My Business File Chapter 7 Bankruptcy? While individual debtors have the right to file Chapter 7, Chapter 11 or Chapter 13 bankruptcy, corporations and LLC's only have the right to file Chapter 11 bankruptcy or Chapter 7 bankruptcy. While we often hear of companies filing Chapter 11 bankruptcy, we don't often get to see [...]
Dischargeable Debts in a Chapter 7 Bankruptcy When it comes to Chapter 7 bankruptcy , the primary goal is to get most (if not all!) of your personal debts discharged. From the sky-high credit card bills to medical debts - and everything in between - discharging your biggest debts can give you the fresh start [...]
Fail the Means Test and Still File Chapter 7 Bankruptcy? Some people who fail the Means Test aren't satisfied with the option of filing for a Chapter 13. There is still a chance that you can file for a Chapter 7 bankruptcy but you'll have to prove that you have a special circumstance that requires [...]
When is it too late to stop foreclosure? In other words, when is the absolute latest you can file bankruptcy and stop a foreclosure sale? The truth is, it's not over until it's over. You can file right up to the day of sale. Understanding the Foreclosure Timeline In a typical foreclosure situation, your lender will [...]
If you have fallen behind on your mortgage payments, you're likely worried about protecting your home. But how can bankruptcy help? Is it possible for you to save your house? Below, we discuss how to stop foreclosure actions through bankruptcy and buy yourself a little time. How the Foreclosure Process Works Once your mortgage goes into default, [...]
How Can Bankruptcy Stop Foreclosure Proceedings? A bankruptcy filing can immediately stop foreclosure in most cases when proceedings have yet to be finalized. Bankruptcy may help homeowners buy more time in determining their next move including whether or not they want to keep their home. This is also a good time for debtors to review [...]
5 Foreclosure Myths Debunked Although foreclosure rates are no longer at historical peaks as they have been in recent years, millions of homeowners across the nation still face the personal and financial challenges of foreclosure proceedings. This is true in Texas, where foreclosure activity across the state and the Dallas-Fort Worth area has increased in [...]
