Articles with general information about filing Chapter 7 and Chapter 13 bankruptcy in Texas.
A bankruptcy discharge permanently releases the debtor from liability for many types of debts. This means that the creditor may no longer take steps to collect the discharged debt from the debtor after the discharge order is signed. The discharge… Continue Reading
The automatic stay is a federal injunction that prevents most types of collection activity against the debtor without permission from the bankruptcy court. The stay goes into effect immediately upon filing of the bankruptcy petition and continues until the debtor… Continue Reading
The idea behind bankruptcy is to provide a way for individuals who cannot pay their debt to obtain debt relief. Bankruptcy usually results in a loss for the creditors. Even in Chapter 13 bankruptcy cases in which the debtor is… Continue Reading
It is no surprise that medical debt is a leading cause of bankruptcy these days. Medical care is very expensive and many people either do not have health insurance or their insurance pays less than 100% of their costs. I… Continue Reading
Tax refunds are treated differently in bankruptcy depending on whether the case is filed under Chapter 7 or Chapter 13. In Chapter 7 cases the debtor is required to have filed his last four years income tax returns. If he… Continue Reading