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Texas Bankruptcy – Chapter 7 Cases

If you’re filing for personal bankruptcy, the bankruptcy code provides two main options: Chapter 7 and Chapter 13. If you want a “straight” bankruptcy wherein you allow the bankruptcy court to liquidate your assets in order to pay back your creditors, the bankruptcy chapter for you is Chapter 7, also known as liquidation bankruptcy. Going [...]

By |2020-08-10T07:53:09-05:00August 10th, 2020|Chapter 7 Bankruptcy|Comments Off on Texas Bankruptcy – Chapter 7 Cases

Understanding Dischargeable Debts in Chapter 7 Bankruptcy

Bankruptcy is the legal process pertaining to people who cannot afford to pay their remaining debts in order to get a chance to a fresh start. The Bankruptcy laws offer unburdens overwhelmed debtors who are unable to pay their outstanding balances and, at the same time, help the creditors get paid from whatever kind of [...]

By |2020-06-22T02:14:24-05:00June 22nd, 2020|Chapter 7 Bankruptcy|Comments Off on Understanding Dischargeable Debts in Chapter 7 Bankruptcy

How Long Does Bankruptcy Chapter 7 Take?

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 |2019-10-09T23:07:07-05:00October 9th, 2019|Chapter 7 Bankruptcy|Comments Off on How Long Does Bankruptcy Chapter 7 Take?

How to File Bankruptcy Chapter 7

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 [...]

By |2019-10-09T19:19:30-05:00October 9th, 2019|Chapter 7 Bankruptcy|Comments Off on How to File Bankruptcy Chapter 7

What Happens After Filing Chapter 7?

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, [...]

By |2020-07-10T08:15:45-05:00October 3rd, 2019|Bankruptcy, Bankruptcy Q&A, Chapter 7 Bankruptcy|Comments Off on What Happens After Filing Chapter 7?

When to File Bankruptcy Chapter 7

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 [...]

By |2019-10-09T19:51:14-05:00October 3rd, 2019|Bankruptcy, Chapter 7 Bankruptcy|Comments Off on When to File Bankruptcy Chapter 7

Bankruptcy Discharge

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 [...]

By |2019-10-09T19:45:29-05:00October 3rd, 2019|Bankruptcy, Bankruptcy Fraud, Chapter 7 Bankruptcy, Credit and Bankruptcy|Comments Off on Bankruptcy Discharge

Bankruptcy Means Test

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 [...]

By |2019-10-09T19:52:43-05:00October 3rd, 2019|Bankruptcy, Chapter 13 Bankruptcy, Chapter 7 Bankruptcy|Comments Off on Bankruptcy Means Test

What’s Holding You Back From Filing For Bankruptcy?

You're getting squeezed by your debtors. There's not an hour that goes by when you don't receive harassing phone calls from collections agencies. Every time you open your mailbox, you are met by a cascade of final demands and urgent notice letters, all of which document exactly how much you owe and to whom. If [...]

By |2017-12-14T19:00:29-05:00February 6th, 2017|Bankruptcy, Chapter 13 Bankruptcy, Chapter 7 Bankruptcy|Comments Off on What’s Holding You Back From Filing For Bankruptcy?

What Bankruptcy Can & Cannot Do For Federal Tax Debt

If you have federal tax debt, you may be wondering if filing for bankruptcy can do anything to help your situation. You may have even heard commercials offering the hope of eliminating tax debts in bankruptcy, but it’s actually not that simple. Most tax debts can’t be discharged by bankruptcy. And unfortunately, if you are [...]

By |2018-11-14T18:58:53-05:00March 24th, 2016|Bankruptcy, Chapter 13 Bankruptcy, Chapter 7 Bankruptcy, Debt and Tax Relief|Comments Off on What Bankruptcy Can & Cannot Do For Federal Tax Debt
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