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What Debts Will Bankruptcy Wipe Clean in Texas?

It might start with one missed payment, but before you know it, you can wind up in a position that it seems impossible to ever climb out of debt. As your debt increases, so does your stress. Bill collectors call constantly. Credit cards are rejected at the store.

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How to Improve Your Credit Score After a Bankruptcy

Chapter 7 bankruptcy stays on your credit report for 10 years, while Chapter 13 stays on for 7 years. Unfortunately, a low credit score can even raise your auto insurance rates in many states. It may seem like an uphill battle after you emerge from bankruptcy, but your credit score can improve substantially in just a few years.

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How to File For Bankruptcy to Get Repossessed Items Returned

When secured creditors repossess collateral, often a vehicle, it is possible to have it returned by filing for bankruptcy. The debtor must immediately file a bankruptcy petition and motion for turnover against the creditor that repossessed the property. The entity in possession of the property should be not...

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How an Attorney Can Help You Avoid Bankruptcy

When choosing an attorney, look for one who has extensive experience in successfully helping clients avoid bankruptcy. An attorney can help you better negotiate with creditors and create a more manageable repayment plan. A knowledgeable bankruptcy lawyer can also help you understand your rights as a consumer...

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Do I Qualify for Chapter 13 Bankruptcy in Texas?

Chapter 13 bankruptcy is only available to individuals, sole proprietorships, and individuals who are self-employed or operating an unincorporated business. Corporations or partnerships do not qualify for this type of bankruptcy. There are debt limits for qualifying for Chapter 13 bankruptcy, which is tied to the consumer price index.

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Do I Qualify for Chapter 7 Bankruptcy?

Chapter 7 bankruptcy proceedings are no-asset cases, and do not include a debt reorganization or payment plan filing. Although a debtor is permitted to keep certain “exempt” properties, the bankruptcy trustee gathers any remaining assets and sells them in a process of liquidation.

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Student Loans: Can They Be Discharged In Chapter 13 Bankruptcy

As opposed to the liquidation of Chapter 7 individual bankruptcy, Chapter 13 is a process of reorganization. Student loans, like other types of debts, are not discharged in a Chapter 13 bankruptcy case. Rather, they are restructured as part of your repayment plan if the court determines that they are eligible.

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