At the confirmation hearing, if it is determined that you have a regular job with a steady income, the judge may order an ‘income deduction.’ This means your monthly payments for the bankruptcy plan will be taken automatically from your wages and sent to the bankruptcy court to be distributed to your creditors. Automatic Order  … Read more

Most bankruptcy courts hold Chapter 13 confirmation hearings one or two days a month. The courtroom will probably be full as motions to dismiss, motions to establish property sale and motions to convert Chapter 13 to Chapter 7 will be scheduled at the same time. If you are called first and don’t know where to  … Read more

Filing bankruptcy can be a daunting task: so many rules and regulations to follow. And hanging over your head is if you make a mistake, you could lose valuable property, or get your case dismissed. Here are a few suggestions to make it faster and easier to fill out your bankruptcy forms. Make Copies of  … Read more

When you are deciding if filing for bankruptcy is an option for you, there are a few things that you need to take into consideration. If your monthly income for the six months before filing is above your state’s median, you will probably not be able to file Chapter 7. Instead, you will file Chapter  … Read more

A common worry for most people is that they will lose their assets if they file for bankruptcy. They envision all of their belongings being sold by the trustee to pay to their creditors. This misconception is not true. Most people get to keep all of their possessions during bankruptcy. Various reasons will determine if  … Read more

Most people aren’t eager to file bankruptcy, and the decision to file should come only after you have exhausted all other reasonable possibilities. Furthermore, you should file bankruptcy only after talking to a Dallas bankruptcy attorney. The time to consider bankruptcy is when you are unable to make the minimum payments on your debt. Once  … Read more

If the person you are going to marry has recently filed bankruptcy or considering waiting until you are married to file, there are a few things you should know before you start your future with a fresh financial start. If Filed Before Marriage If your fiance filed for bankruptcy before you were married, his credit  … Read more

The automatic stay is an essential component of bankruptcy. The goals are the debtor’s fresh start and the creditor’s fair treatment. By stopping individual collection activity by creditors, the automatic stay prevents the reduction of the debtor’s assets and saves them to be surrendered to the trustee for equal dismemberment. The stay applies to all  … Read more

It doesn’t take long for debt to get out of hand. Dallas Bankruptcy Attorneys hear from young people from time to time who have acquired a significant amount of unsecured debt very early on in their credit history. Sometimes  stigmas surrounding a Texas Bankruptcy can often prevent young individuals from filing for the debt relief  … Read more

The 341 Meeting of Creditors is a pinnacle of the Dallas Bankruptcy process, but it’s not the end of the bankruptcy journey, however. The meeting of creditors is rightfully seen as the second major hurdle of a Texas bankruptcy with the first being the collection of information that must be included in your initial petition  … Read more