Articles with general information about filing Chapter 7 and Chapter 13 bankruptcy in Texas.
Filing for bankruptcy relief puts an automatic stay into effect. This stay prevents collection activity against the debtor. How long the stay continues in effect depends on the type of bankruptcy case filed. There are two common types of consumer… Continue Reading
Child support comes up in three ways in bankruptcy cases. First, child support is considered income on the means test, and may affect eligibility for relief in Chapter 7 bankruptcy or the debtor’s plan payment in Chapter 13 cases. Chapter… Continue Reading
Retirement accounts, like 401ks and IRAs, generally affect bankruptcy cases in two ways. First, retirement accounts are fully exempt in most cases. This means that a debtor with significant amounts in a retirement account can file for bankruptcy relief and… Continue Reading
There is a common misconception that if you file bankruptcy you will lose everything you own. The truth is that most people that file bankruptcy don’t lose any of their property. What happens to your property in bankruptcy depends on… Continue Reading
Getting divorced can be expensive. First you have to get an attorney and then there are court costs, depositions, experts, and other expenses. When it is all finished you may have child support, alimony, or spousal support as well.