On behalf of Christopher Todd Morrison, P.C. | Oct 20, 2020 | Chapter 13 Bankruptcy
Texas residents like you opt for Chapter 13 bankruptcy because a repayment plan works in your favor. But did you know that you still have to keep on top of secured debts that survive bankruptcy? You must make mortgage and loan payments throughout the bankruptcy...
On behalf of Christopher Todd Morrison, P.C. | Oct 13, 2020 | Chapter 13 Bankruptcy, Chapter 7 Bankruptcy
When medical bills, credit card bills or other debts become too much for you to manage, you may find yourself looking for ways to dig yourself out of financial turmoil. You may decide that filing for bankruptcy may be your strongest chance at getting your finances...
On behalf of Christopher Todd Morrison, P.C. | Oct 5, 2020 | Chapter 13 Bankruptcy
As a resident of Texas, filing for bankruptcy can free you of your burden of debt. Chapter 13 bankruptcy provides you with good options if you have the ability to reorganize and pay off your debts. However, filing for Chapter 13 bankruptcy also comes with a set of...
On behalf of Christopher Todd Morrison, P.C. | Sep 21, 2020 | Chapter 13 Bankruptcy
There is no immunity from debt issues, so if and when you experience them, you should feel no different than any other resident of Texas. Yet the fact that you are not alone in your struggles with debt does not change the concern you feel over the impact that turning...
On behalf of Christopher Todd Morrison, P.C. | Aug 13, 2020 | Chapter 13 Bankruptcy
As opposed to the liquidation involved in Chapter 7 bankruptcy, Chapter 13 filers have enough income to at least partially repay some of their creditors over time. The repayment plan is a prominent feature of Chapter 13 bankruptcy. A person who files for Chapter 13...
On behalf of Christopher Todd Morrison, P.C. | Jul 27, 2020 | Chapter 13 Bankruptcy
Chapter 13 bankruptcy is unique because it allows you a chance to repay your debts and avoid losing your assets to liquidation. However, this option is not for everyone because there are a few requirements you must meet. According to The Street, the most important...
On behalf of Christopher Todd Morrison, P.C. | Jun 18, 2020 | Chapter 13 Bankruptcy
Texas residents like you sometimes fall on tough financial times. It is difficult to see what you will do when you are in the middle of debt. But there are options available to you. Bankruptcy is one such option. Among the different types of bankruptcy, Chapter 13...
On behalf of Christopher Todd Morrison, P.C. | May 26, 2020 | Chapter 13 Bankruptcy
When filing for Chapter 13 bankruptcy, credit counseling is an essential aspect of the process. The purpose of credit counseling is to ensure the person filing for bankruptcy has no other reasonable options in order to ease their debt burden. It also helps you develop...
On behalf of Christopher Todd Morrison, P.C. | Apr 15, 2020 | Chapter 13 Bankruptcy
When you file a Chapter 13 bankruptcy, you learn that this is a repayment plan that will last three to five years before your case is complete. This means that you will not get your discharge until you complete your repayment plan. Unlike a Chapter 7, you will not get...
On behalf of Christopher Todd Morrison, P.C. | Feb 10, 2020 | Chapter 13 Bankruptcy
When Texas residents fall into debt, bankruptcy is a good tool to pull yourself back out. The two types of bankruptcy most often discussed are Chapter 7 and Chapter 13. Chapter 13 is our focus today. What are the benefits? What are the drawbacks? Join us as we lay...
