People who have successfully filed for Chapter 7 bankruptcy feel good about rebuilding their lives and gaining control over their spending habits. You decide you may want to blog about that because it could give others hope. Be forewarned: When you blog about...
Chapter 7 Bankruptcy
Time limits to know about when filing for bankruptcy
While bankruptcy may help Texas residents gain control over their finances, there are limits to how often a person can file. Individuals who filed for Chapter 7 bankruptcy cannot file another Chapter 7 petition for eight years. Furthermore, they cannot file for...
How to recover from bankruptcy
Texas consumers who file for bankruptcy may find that its relatively easy to improve their credit score after doing so. According to a Lending Tree report, 65 percent of Americans had a credit score of at least 640 three years after filing. There are many steps that...
Filing a Chapter 7 bankruptcy in Texas
Texas residents who wish to escape overwhelming debt may be unfamiliar with the differences between a Chapter 7 and a Chapter 13 bankruptcy. Those who file Chapter 13 bankruptcies make payments for three or five years to pay down all or part of their debts, but...
Woman allegedly lied to bankruptcy court in Chapter 7 case
When Texas residents or others file for bankruptcy, they generally must disclose all of their assets. One woman who failed to disclose that she had $3,500 of cash on hand had her Chapter 7 discharge blocked. The woman said that she didn't disclose the cash as an asset...
Can you use the wildcard exemption when you file Chapter 7?
If you are preparing to file for bankruptcy, you are also probably worrying about which assets you can keep and which you will lose. Exemptions are key, and Texas provides filers with some of the most generous exemptions in the nation. Among these is the so-called...
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...
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...
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...