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Chapter 7 Bankruptcy Plano TX: How The ‘Means Test’ Affects Your Case

Have you ever heard someone say, ‘I’ll just declare bankruptcy,’ when they’re confronted with bill collectors and a mountain of their own debt?  That statement has become the mantra of the American consumer in the last 50 years – and it implies that it’s just too easy to spend more money than you have, declare … Read more

Chapter 7 Bankruptcy in Plano TX: Answer to Excessive Medical Bills?

As well intended as the Affordable Healthcare Act was, it still won’t stop the financially devastating ripples that ring outward when a serious accident occurs or a life-threatening illness is diagnosed. According to financial analysis site Nerd Wallet, 10 million Americans between the ages of 19 and 64 will incur medical bills they cannot pay … Read more

Cost Of Bankruptcy

Bankruptcy provides a tangible benefit for people who file.  These can best be summarized as: (1) receiving a discharge from debts they would normally be required to pay; and/or (2) being allowed to restructure certain debts and pay repay them on different terms. However, like anything in life in order to get something (a benefit) … Read more

The Wildcard Exemption

Federal Bankruptcy Exemptions One of the main policy objectives of Bankruptcy is to give debtors a fresh start.  A fresh start entails allowing the debtor(s) to continue on with their life – but also not allow them to have a leg up.  Different state legislatures have codified this general concept into their own exemption laws … Read more