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Can I Convert My Chapter 13 To Chapter 7 Bankruptcy?

Chapter 13 bankruptcy allows a debtor to repay all or part of their debts over a 3 to 5 year period of time.  However, some debtors who have filed Chapter 13 bankruptcy may find themselves facing new financial difficulties at some point during the repayment period that prevents them from making agreed upon payments.  This [...]

By |2018-11-08T23:33:59+00:00March 8th, 2010|Bankruptcy, Bankruptcy Q&A, Chapter 13 Bankruptcy, Chapter 7 Bankruptcy, Economy, Foreclosures|Comments Off on Can I Convert My Chapter 13 To Chapter 7 Bankruptcy?

Property Taxes and Bankruptcy

Many debtors behind on both their mortgage and property taxes wonder if bankruptcy can be used to stop a property tax sale of their home. Bankruptcy Can be Used to Stop a Property Tax Sale Fortunately for debtors facing a property tax sale of their home, bankruptcy can be used to stop the sale if [...]

By |2017-12-13T04:17:22+00:00March 5th, 2010|Bankruptcy, Bankruptcy Q&A, Economy|Comments Off on Property Taxes and Bankruptcy

How Do Child Support Payments Impact My Bankruptcy?

Bankruptcy and Child Support Payments Unfortunately for single parents, child support payments received in the six month period prior to filing bankruptcy will be counted as income for the purposes of the means test . If inclusion of that child support puts your income above the median income for the state of Texas, you may [...]

By |2017-12-13T04:17:39+00:00March 5th, 2010|Bankruptcy, Bankruptcy Q&A|Comments Off on How Do Child Support Payments Impact My Bankruptcy?

Separating Bankruptcy Fact From Fiction

When it comes to bankruptcy there is a lot of misinformation floating around. Many debtors considering bankruptcy often listen to the half-truths and outright myths about bankruptcy instead of getting the truth from qualified sources.  Let's take a look two of the most common myths out there about bankruptcy and get to the bottom of [...]

By |2018-11-16T19:51:04+00:00March 4th, 2010|Bankruptcy, Bankruptcy Q&A, Economy|Comments Off on Separating Bankruptcy Fact From Fiction

6 Things You Need To Know About Bankruptcy

Bankruptcy is a legal and often wise decision for debtors who are overwhelmed by their debts and need relief.  While some critics of bankruptcy contend that bankruptcy is a "cop out" the bankruptcy system continues to help individuals and businesses discharge debt and get a fresh new start financially. Before filing bankruptcy, debtors must avoid transferring [...]

By |2018-11-19T21:50:41+00:00March 4th, 2010|Bankruptcy, Bankruptcy Q&A, Managing Your Finances|Comments Off on 6 Things You Need To Know About Bankruptcy

How To Thrive Financially After Bankruptcy

Bankruptcy offers an opportunity at a fresh financial start of even the most indebted individuals.  But how does a debtor ensure that their financial affairs remain in the "black" after a bankruptcy? Here are a few tips: Create A Budget - Whether you filed a Chapter 7 bankruptcy or a Chapter 13 bankruptcy, creating and [...]

By |2018-11-16T19:42:56+00:00March 3rd, 2010|After Bankruptcy, Bankruptcy Q&A, Economy, Managing Your Finances|Comments Off on How To Thrive Financially After Bankruptcy

Bankruptcy and Personal Responsibility

Bankruptcy and the debtors who seek bankruptcy protection have often been the unfortunate victims of unfair labels and generalizations.  One of the unfair and inaccurate labels given to debtors who file bankruptcy is "irresponsible."  Many people see bankruptcy as a cop out or an easy road away from trouble and view those who use bankruptcy [...]

By |2018-11-09T16:27:40+00:00March 1st, 2010|Bankruptcy, Bankruptcy Q&A, Credit Counseling|Comments Off on Bankruptcy and Personal Responsibility

Above Median Income Earners and Bankruptcy

In 2005 the bankruptcy code was changed to make it difficult for above median income earners to file Chapter 7 bankruptcy and discharge their debts.  In Texas, the median income for a 2 person family is $30,502.  If a debtor with a 2 person family earns more than $30,502 they may be forced to file [...]

By |2018-11-13T21:37:59+00:00March 1st, 2010|Bankruptcy, Bankruptcy Q&A, Economy|Comments Off on Above Median Income Earners and Bankruptcy

When Can You Expect Your Bankruptcy Discharge to Occur?

  Depending on the type of bankruptcy you file, you can expect your bankruptcy discharge to happen at a certain time after you file for bankruptcy. For anyone filing bankruptcy, a bankruptcy discharge is a great event that happens during the bankruptcy process.  A bankruptcy discharge releases the person filing for bankruptcy from any debt [...]

By |2017-12-13T04:19:15+00:00March 1st, 2010|Bankruptcy, Bankruptcy Q&A|Comments Off on When Can You Expect Your Bankruptcy Discharge to Occur?

Seven Signs That You Have An Incompetent Bankruptcy Attorney

In the most recent case of bankruptcy attorneys gone bad, attorney William Kaplan's license was suspended for misconduct which once again brings to light the importance to retaining a competent bankruptcy attorney. This bankruptcy attorney's license was suspended; but many have already been negatively impacted by his incompetence. The Board of Commissioners on Grievances and [...]

By |2018-11-19T22:51:20+00:00February 26th, 2010|Bankruptcy, Bankruptcy Q&A|Comments Off on Seven Signs That You Have An Incompetent Bankruptcy Attorney