Articles specifically discussing Chapter 7 bankruptcy cases filed in Texas.
Filing bankruptcy discharges most types of debt. When a debt is discharged the debtor is permanently shielded from liability to the creditor. However, discharging a debt does not remove a lien from property. For example, Chapter 7 bankruptcy will discharge… Continue Reading
A Chapter 7 bankruptcy trustee is appointed to oversee the bankruptcy estate when a petition is filed. Trustees are not government employees. They are attorneys appointed by the Office of the U.S. Trustee to administer Chapter 7 bankruptcy cases. These… Continue Reading
The primary test for determining whether a debtor should receive a discharge under Chapter 7 of the Bankruptcy Code is the means test. A means test is used to determine whether the debtor has any disposable income. This document uses… Continue Reading
Eligibility for a discharge under Chapter 7 bankruptcy is dependent on several factors. For example, debtors with prior bankruptcy discharges may not be eligible for relief. But the most common factor that prevents a debtor from filing Chapter 7 bankruptcy… Continue Reading
A Chapter 7 bankruptcy case begins with hiring a qualified bankruptcy lawyer. Bankruptcy is a specialized type of law, so it is important to find an attorney with experience not only with bankruptcy law but practicing in the district in… Continue Reading