Christopher Todd Morrison, P.C.
Affordable Bankruptcy
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chapter 7 bankruptcy Archives

Some trustees are seeking too much information in bankruptcies

Texas residents interested in bankruptcy matters might like to know about what trustees are allowed to do in bankruptcy cases. With Chapter 7 bankruptcy, trustees may liquidate a debtor's assets in an effort to pay back creditors. As part of this process, two trustees in Maryland have demanded access to debtors' online accounts. However, people and groups have raised concerns about this practice.

What is the means test?

Even though you may feel as if you are drowning in debt, you must still find out if you qualify to file Chapter 7 bankruptcy in Texas. This is done through the means test, and according to NerdWallet.com, if most of your financial difficulties are from consumer debts that you cannot pay, you will probably pass.

Multiple houses not an abuse of Chapter 7

Texas residents may be interested in a bankruptcy case in which the trustee accused the debtor of abusing the process in order to alleviate his debt. The court ultimately decided in favor of the debtor, claiming that paying the expenses of two homes did not constitute abuse.