Articles with general information about filing Chapter 7 and Chapter 13 bankruptcy in Texas.
Many people considering filing bankruptcy believe that after filing bankruptcy they cannot purchase or own property for a certain amount of time. This is absolutely not true. Debtors who file bankruptcy can protect the property they own using exemptions. Acquiring… Continue Reading
Most bankruptcy filers in Texas get to keep their home in car. In Chapter 7 bankruptcy cases debtors protect the equity they have in their secured property using exemptions. For example, if a debtor owns a vehicle worth $15,000 and… Continue Reading
In Chapter 7 bankruptcy cases, debtors can keep any property that can be exempted from the bankruptcy estate. Debtors file a list of assets with the court. Exemptions are applied to the assets, and any property that can be protected… Continue Reading
In Chapter 7 and Chapter 13 bankruptcy, the costs of filing typically fall into two categories: up-front costs and costs that are incurred after filing. Both types of bankruptcy filing requires a court filing fee. The filing fee for Chapter… Continue Reading
Bankruptcy is a very powerful tool for reorganizing and eliminating debt. However, there are some important limitations to be aware of when considering filing bankruptcy. First, bankruptcy does not discharge co-debtors liability for debt listed in the bankruptcy case. Debtors… Continue Reading