Articles with general information about filing Chapter 7 and Chapter 13 bankruptcy in Texas.
There are primarily two benefits to bankruptcy: the automatic stay and the discharge order. The automatic stay protects the debtor from collection of debt. This includes telephone calls from creditors, collection letters, filing or continuing a lawsuit, garnishment of wages… Continue Reading
Bankruptcy is a legal proceeding in federal court that allows individuals who cannot pay their debts to address the claims of their creditors. Bankruptcy is governed by federal law, and all cases take place within the federal bankruptcy courts. Upon… Continue Reading
Disposable income affects bankruptcy cases in two ways. First, it affects eligibility for a discharge in Chapter 7 bankruptcy cases. Disposable income is calculated using a means test. The means test uses the average income for the last six months,… Continue Reading
Lots of people have rental property. Some people purchase a house but then have to move and cannot sell it, so rather than let it be foreclosed or sit vacant, they become landlords. Others purchase a house intending to rent… Continue Reading
Bankruptcy cases filed in Collin County are filed in the Eastern District of Texas. There were 6,423 bankruptcy cases filed in the Eastern District of Texas in 2012. Of these filings 3,274 were Chapter 13 cases and 3,060 were Chapter… Continue Reading