There has been a lot of talk that the chapter 7 bankruptcy laws have been tightened up so much that nobody can qualify anymore. This is not true, but in order to avoid delays and many potential problems using a Dallas bankruptcy attorney is the better route to go. In this process many if not  … Read more

Staring down the tunnel of debt and declaring chapter 7 bankruptcy is absolutely overwhelming at times. As a result, many people try to lessen the blow by cashing in their retirement funds or other forms of investments. There is a common belief that bankruptcy may be held off by dipping into invested funds early and  … Read more

Bad idea! There are many reasons it’s better to gain the assistance of a Wichita Falls bankruptcy lawyer than trying to make the claim on your own. It may seem after a few internet searches that it isn’t necessary to obtain the help of a bankruptcy lawyer while filing for Chapter 7, but this couldn’t  … Read more

If you have recently been awarded a lawsuit settlement fund or inherited money you may be wondering how it will affect your Dallas bankruptcy case. The laws about keeping or losing these funds differs between a chapter 7 and chapter 13 bankruptcy. If you are considering or already in a chapter 7 bankruptcy here is  … Read more

If you have been on the unfortunate end of financial hardship that lead to a Chapter 7 bankruptcy you might be wondering if you will ever be able to own a home again. The short answer is, yes. However, there are some considerations to be made about borrowing again in the future. Owning Again If  … Read more

Chapter 7 Dallas bankruptcy is a powerful tool in the fight against debt. Many debtors have been able to use Chapter 7 to get a new start on their financial lives, relieving themselves of the burden of huge debt and starting anew. Here we have a quick rundown of some of the main benefits and  … Read more

Under Chapter 7 Texas bankruptcy rules, the bankruptcy trustee is able to seize your automobile and sell it to cover your debts if it is worth more than the value of the exemptions you are able to place on it. Depending on the value of your car and the exemption amount, this could be bad  … Read more

When considering filing for Chapter 7 Dallas bankruptcy, you may have come across the term “no-asset” bankruptcy. If you are wondering what “no-asset” bankruptcy means, look no further. A Chapter 7 no-asset case simply means that the debtor has no non-exempt assets that the bankruptcy trustee can sell to help cover the debts owed creditors  … Read more

In order to qualify for Chapter 7 Texas bankruptcy, you must pass something known as the “means test.” Simply put, the means test is a metric for determining whether your income is low enough that you cannot pay your debts. The means test is the first step toward determining whether you qualify for Chapter 7   … Read more

As a part of the Chapter 7 liquidation proceedings, the appointed bankruptcy trustee takes inventory of all your assets and determines their value. Any assets not protected by an exemption are subject to sale or auction in order to raise funds to help pay off your outstanding debts. In some cases, the trustee will abandon  … Read more