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

The United States Gross Domestic Product (GDP) is a widely accepted measure of the health of our economy. This week the fed announced that Q3 GDP grew at a rate of 3.3%, a level of growth America hasn’t seen since 2014. This news should be a beacon of light to everyone working hard to improve  … Read more

A chapter 13 bankruptcy is also known as a reorganization bankruptcy, this means your assets will not be liquidated and your debts paid off like in chapter 7. What you will have to do though is get a repayment plan in place and then begin to pay off all your debt as prescribed by the  … Read more

For those that are entering into a Chapter 13 bankruptcy they will soon discover that it is far different than what they may have perceived as a bankruptcy. Most people are more familiar with the Chapter 7 bankruptcy which usually expunges the majority of the debts for those that are able to qualify for this  … Read more

Most often when individuals find out that they can only qualify for a Chapter 13 bankruptcy they are really disappointed. They want to bring their financial problems to an abrupt closure which they know can happen with a Chapter 7 bankruptcy relief. However, there may be reasons that they cannot qualify for the Chapter 7,  … Read more

It may be that your small business has fallen into financial difficulty and you don’t see any way of rectifying this. It may be that you now need to consider small business bankruptcy. Whether this is going to be a solution or not for your particular business entity is going to depend on the circumstances.  … Read more

 Most people view bankruptcy as a last resort whether it is on a personal level or a business level. They do not look at it as being a beneficial way to assist their business. They view it as a way of perhaps satisfying their debts so that they are not held responsible and can close  … Read more

When an individual is faced with what they feel is insurmountable debt they get to the point where they are so overwhelmed that they just want to get out from under all the pressure it is creating. If this sounds like you, then you are probably tired of repeatedly telling your creditors there is simply  … Read more

For those beginning to research the intricacies of Texas bankruptcy law, you will quickly learn that all bankruptcy codes are not equal. Each “chapter” offers the individual unique advantages and rules, but it is important to understand the differences. The three most popular forms of bankruptcy are known as Chapter 7, Chapter 11, and Chapter  … Read more

Many people are aware of the various benefits that filing Chapter 13 Dallas bankruptcy can have for your financial future. The ability to make income-based repayments over a period of time and then have the remainder of your debts discharged is an attractive one for many people who face massive debts but do not want  … Read more