Chapter 13 is known as a plan of reorganization which in which you must submit a plan to the Court and to creditors that must be confirmed by the Judge. Chapter 13 is useful for people who are behind on certain secured items, behind on the IRS, or who make too much money to file … Read more
“Will I lose it all?” is one of the first questions individuals ask when considering filing for bankruptcy. However, bankruptcy laws allow for protection of certain types and amounts of the debtor’s property. Choosing Federal Or Texas Bankruptcy Exemptions Each state handles bankruptcy exemptions differently. Some states allow debtors to choose between using the federal … Read more
For the most part, bankruptcy results in the discharge of debts owed by the person filing the bankruptcy. In a perfect world, the debtor could walk away with a completely clean slate and no debts. However, some simply cannot go away, no matter what type of bankruptcy is being filed. 1. Child Support Or Spousal … Read more
If an individual is facing financial difficulties and gets to the point where her or she feels like no other option is viable other than filing for bankruptcy, the last thing he or she wants to even consider is the possibility that bankruptcy could be denied. However, circumstances do exist where a bankruptcy petition may … Read more
When it comes to bankruptcy proceedings, many different individuals are involved in the process: the debtor, the creditor, often the debt collector, and, of course, the bankruptcy trustee. However, many individuals fail to understand the role of the bankruptcy trustee. Below is some information to explain what role the trustee plays in all bankruptcy proceedings. … Read more