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...
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...
