Latest on the Bankruptcy Blog

Chapter 13 bankruptcy is quickly becoming one of the most utilized forms of debt relief in Texas. When filing for Chapter 13 bankruptcy protection, your debts are categorized into priority and nonpriority debts, as well as, secured and unsecured. All priority debts such as family support payments and certain taxes must be paid back. Additionally,  … Read more

Whether you can keep the money you haven’t received yet, but are likely to depend on which state that you live in. Since the personal injury happened before filing bankruptcy, any settlement received becomes part of your bankruptcy estate. How much you are allowed to keep depends on the exemptions available to you in the  … Read more

Paying off creditors before bankruptcy may seem like a smart idea. After all, you are trying to eliminate your debt, right? While conventional knowledge would support paying off as many creditors as possible before filing for bankruptcy, but under Bankruptcy Law, it can cause problems and delays in receiving your bankruptcy discharge. So despite your  … Read more

It may sound ridiculous, but a very common question Texas bankruptcy attorneys hear is regarding how pets are treated in a Texas bankruptcy and if they will be forced to give them up. The good news is in 99.9% of bankruptcy cases, your pets are safe from being sold to pay your creditors. When you  … Read more

A civil judgment is a ruling made by a court during the courts of a lawsuit. Civil Judgment can often arise due to unpaid collections or other types of debt. When you file Chapter 7 or Chapter 13 bankruptcy, unsecured debt such as medical debt, unpaid credit card balances, and other types of personal loans  … Read more

The Department of Education may be getting prepared to influence new rules allowing bankruptcy to eliminate student debt. This news will surely come as a hopeful relief to borrowers struggling with student debt. In an announcement this week the Education Department stated that it would be reviewing the ability for student loans to be discharged  … Read more