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...
On behalf of Christopher Todd Morrison, P.C. | Oct 29, 2019 | Chapter 13 Bankruptcy
U.S. consumers have racked up more than $100 billion in revolving debt since the financial crisis, and at the end of 2018 they owed credit card companies almost $900 billion. These are among the sobering facts that can be found in a recent Consumer Financial...
On behalf of Christopher Todd Morrison, P.C. | Oct 25, 2019 | Chapter 13 Bankruptcy
Filing for Chapter 13 is one option for a Texas debtor who wants to avoid having their car repossessed. However, an individual would need to remain current on their loan during the proceeding. Furthermore, the past due balance would need to be included as part of the...
On behalf of Christopher Todd Morrison, P.C. | Sep 24, 2019 | Chapter 13 Bankruptcy
People who are struggling with unmanageable financial situations are sometimes reluctant to pursue debt relief because they are worried about losing their homes. While this may be a real concern for people living in some parts of the country, it is something that...
On behalf of Christopher Todd Morrison, P.C. | Sep 17, 2019 | Chapter 13 Bankruptcy
People who use medical marijuana in Texas may run into problems in bankruptcy court when it comes time to set up a court-ordered repayment plan. Businesses in the marijuana industry have had trouble seeking bankruptcy protection, even in fully legal states, due to the...
On behalf of Christopher Todd Morrison, P.C. | Aug 15, 2019 | Chapter 13 Bankruptcy
In a Chapter 13 bankruptcy case, a Texas debtor can ask to accrue new debt during the repayment period. However, a trustee must review the request, approve it and send a motion to incur new debt to the judge. A copy of the motion will also be sent to creditors. If all...
On behalf of Christopher Todd Morrison, P.C. | Jul 17, 2019 | Chapter 13 Bankruptcy
Individuals who are struggling to pay their bills may decide to file for protection from creditors. Those who want to keep their Texas home or other property will want to file for Chapter 13 bankruptcy. In a Chapter 13 case, debtors make payments to creditors over a...
On behalf of Christopher Todd Morrison, P.C. | Apr 24, 2019 | Chapter 13 Bankruptcy
The television show “American Chopper” attracted many fans in Texas, but one of the reality show’s stars has continued the real-life drama in bankruptcy court. Paul Teutul Sr., the famously cranky patriarch of the show, now faces opposition from the...
On behalf of Christopher Todd Morrison, P.C. | Mar 19, 2019 | Chapter 13 Bankruptcy
Filing for bankruptcy isn’t an easy decision for anyone in Texas considering this option to manage debt. Once it’s decided to explore options with Chapter 13, many people have questions about the details associated with this approach to bankruptcy. With...
On behalf of Christopher Todd Morrison, P.C. | Mar 8, 2019 | Chapter 13 Bankruptcy
The acceptance of debt as commonplace in everyday life seems to be a new reality for many Texas residents. According to recent studies, individual debt continues to rise among nearly every age group in the country. An analysis of what kind of debt and how much debt is...
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