Articles specifically discussing Chapter 13 bankruptcy cases filed in Texas.
Children affect a Chapter 13 bankruptcy case in a couple of different ways. Children are expensive and as a result they affect a debtor’s disposable income. Disposable income is a term used in bankruptcy to describe a debtor’s ability to… Continue Reading
Chapter 13 bankruptcy cases treat claims secured by vehicles in three different ways. First, the debtor can agree to surrender the vehicle and the debt is discharged. Second, the debtor can include the claim to be paid in the Chapter… Continue Reading
Chapter 13 bankruptcy allows debtors to reorganize their debts. Debtors file a plan with the court which states how they wish to address the claims of their creditors. However, these plans aren’t automatically approved by the court. They are reviewed… Continue Reading
In late 2012 a new requirement for confirmation was introduced in Chapter 13 bankruptcy cases filed in the Eastern District of Texas. Debtors are now required to certify that they are current on their direct payment obligations (DPO) and domestic… Continue Reading
Disposable income is calculated using a means test. A means test calculates income for the last six months and then deducts standard IRS deductions in order to determine if the debtor has disposable income. Standard IRS deductions are not all… Continue Reading