Articles specifically discussing Chapter 13 bankruptcy cases filed in Texas.
Chapter 13 bankruptcy allows debtors to reorganize their debts. Debtors file a plan with the court that states that they will make payments each month to a trustee. These plans are generally for either thirty-six or sixty months. The trustee… Continue Reading
Chapter 13 bankruptcy allows debtors to protect secured property using the automatic stay and discharge personal liability for debt. The automatic stay goes into effect at the time the bankruptcy petition is filed. The stay prevents all debt collection against… Continue Reading
Chapter 13 bankruptcies are funded through future income of the debtor. Debtors makes payments to a trustee each month for thirty-six to sixty months, and the trustee takes that money and pays it to the creditors provided for in the… Continue Reading
In Chapter 13 bankruptcy cases debtors file a plan to repay creditors over three to five years. Creditors are paid differently depending on the class of creditor. Secured creditors are paid in the plan if the debtor elects to include… Continue Reading
The first step in filing Chapter 13 bankruptcy is to find a local attorney with bankruptcy experience. It is important to find someone with experience practicing in the district in which you will file because cases can be very different… Continue Reading