Articles with general information about filing Chapter 7 and Chapter 13 bankruptcy in Texas.
In most circumstances it is permitted to sell property before filing bankruptcy. However, the sale of property before filing bankruptcy must be disclosed to the bankruptcy trustee in the statements filed with the court, and these transactions are scrutinized to… Continue Reading
The answer to this question depends on in which state the bankruptcy case is filed. Each state has its own set of exemptions available to debtors who file bankruptcy. Exemptions are laws that protect property from creditors. In Chapter 7… Continue Reading
There are two courses that each debtor must complete in order to receive a discharge in Chapter 7 and Chapter 13 bankruptcy cases. The first course is a credit counseling course. This course must be completed before the bankruptcy case is filed.… Continue Reading
Student loans are typically not discharged in bankruptcy cases. Credit cards, on the other hand, can be discharged in bankruptcy. Recent graduates with large amounts of student loan debt may be tempted to use cash advances on credit cards in… Continue Reading
The second notable way Social Security benefits are treated in bankruptcy cases are as an asset. Funds that are received from the Social Security Administration and can be traced back to that source are fully exempt. This is especially important… Continue Reading