Articles specifically discussing Chapter 13 bankruptcy cases filed in Texas.
When a debtor files Chapter 13 bankruptcy everything they own becomes part of a bankruptcy estate. In some jurisdictions the debtor’s property continues to be part of the estate until the bankruptcy case ends. In other jurisdictions, such as in… Continue Reading
In Chapter 13 bankruptcy cases debtors pay unsecured creditors based upon their disposable income. Disposable income is calculated using a means test. A means test uses the debtor’s average income from the last six months in order to determine the debtor’s current… Continue Reading
Debtors in Chapter 13 bankruptcy cases file plans to reorganize their debts. These plans basically state that the debtor will pay a trustee a plan payment each month for thirty-six to sixty months. The trustee takes that money and disburses… Continue Reading
Chapter 13 bankruptcy allows debtors to reorganize their debts. Debtors propose plans to the bankruptcy court stating that they will pay a trustee a plan payment each month for 36 to 60 months. The trustee takes this money and pays it… Continue Reading
In Chapter 13 bankruptcy cases it seems like the trustee is always asking for a debtor’s tax return. Submitting returns to the trustee starts at the very beginning of the case. Before the 341 meeting the debtors are required to… Continue Reading