Articles specifically discussing Chapter 13 bankruptcy cases filed in Texas.
Chapter 13 bankruptcy is not magic. It will not fix a debtor’s financial problems overnight with no effort on their part. The bottom line is that in order to be successful in a Chapter 13 bankruptcy case debtors needs to… Continue Reading
Vehicles come up in bankruptcy cases in a lot of different ways. First, filing bankruptcy puts a stay into effect that prevents repossession of a vehicle when the debtor is behind on her payments. The stay continues in effect until… Continue Reading
Chapter 13 bankruptcy is a tool for reorganizing debt. The basic idea is to provide a way for debtors to repay some or all of their debt in a way they can afford. Debtors file a Chapter 13 plan that states… Continue Reading
Before filing an adversary proceeding to strip a lien, it is important to understand the limitations on lien stripping and how it affects other aspects of the case. First, stripping the lien does not make the debt disappear. The debt… Continue Reading
If you own a home then you probably have a mortgage. That mortgage is secured by your home which means that if you don’t pay your mortgage payment the lender can foreclose on the property. A lien is the mechanism… Continue Reading