Articles with general information about filing Chapter 7 and Chapter 13 bankruptcy in Texas.
When a bankruptcy case is filed an automatic stay goes into effect. The automatic stay stops all collection efforts on behalf of creditors. Typically debtors file bankruptcy to discharge debt and to protect secured property from repossession or foreclosure. However,… Continue Reading
The 341 meeting of creditors is a meeting a bankruptcy debtor attends with a trustee. These meetings usually take place about 4 to 6 weeks after the case is filed. Debtors must bring their driver’s license and social security card… Continue Reading
The date and time of the filing of a bankruptcy case is significant for several reasons. For example, foreclosures or sales of repossessed property that are scheduled after the filing date are stayed, meaning they cannot go forward. Another important… Continue Reading
Bankruptcy clients who drive Harley-Davidsons are always very concerned about what will happen to their Harley in bankruptcy. Sometimes the fate of their motorcycle is the deciding factor in whether or not they will file bankruptcy. Keeping this kind of… Continue Reading
As a bankruptcy lawyer, I am not allowed to advise clients to purchase a vehicle in order to reduce their plan payment in a Chapter 13 case or to qualify for a Chapter 7 bankruptcy case. But there are a… Continue Reading