—-Your Common #Bankruptcy Questions Quickly Answered—- 1. Will I lose my house in Chapter 7 Bankruptcy? In most cases, your house will most likely be exempted from being sold off in a Chapter 7 Bankruptcy case. 2. Can Bankruptcy take my social security? As per Federal...
Month: October 2020
Debts That Cannot Be Discharged in Bankruptcy
While filing for Chapter 7 or Chapter 13 bankruptcy can release you of debt and give you a fresh start, this is not true for all types of debt. You don’t have to worry about consumer debt, like most medical and credit card bills, as these fall under the category of...
Chapter 7 Bankruptcy – 7 Essential Things to Know
Thinking of getting a discharge by filing for a Chapter 7 bankruptcy? The information here might be useful. 1. The Means Test To qualify for filing a Chapter 7 bankruptcy case, you have to first pass the Means Test. This test takes note of your debt, income, expenses,...
Renting an Apartment and Bankruptcy
You may believe that finding an apartment in Texas after filing for bankruptcy is close to impossible, but we’re here to help you achieve that dream. Landlords may be wary of the negative mark on your credit history, and everything will seem to go downhill from there....
5 Steps to Take in Case of a Debt Collection Lawsuit
Being unable to manage one’s debt is stressful enough; the last thing anyone would want is for them to get sued by their creditors. If you find yourself unlucky enough to be in this situation, don’t panic! Take a deep breath and tackle the problem methodically. Here...
4 Best Books to Read on Bankruptcy
For those struggling with debt, bankruptcy provides a means to get rid of the financial burden and start your life from a clean slate. Still, bankruptcy remains a little-understood concept by many people, preventing them from fully taking advantage of their legal...
What to Do if You Are Charged With Bankruptcy Fraud?
Bankruptcy fraud is a federal felony that can carry with it a number of severe penalties if the defendant is found guilty, ranging from heavy fines to years in prison. It can encompass a number of different offenses but the most common is of a bankruptcy filer...
6 Common Bankruptcy Myths Debunked
Filing for bankruptcy in Texas can be tricky- you might feel scared of the consequences yet may not see yourself with a lot of options. You might have endless questions about the personal insolvency procedure after hearing and reading about lots of bankruptcy-related...
Chapter 7 Bankruptcy Required Document Checklist ✔
Chapter 7 Bankruptcy Required Document Checklist ✔ The average Chapter 7 bankruptcy petition is around 50 pages in length, so that means a lot of information is required on your side to complete the forms. Here is a checklist of essential documents usually required in...
Colorado Couple Sees $200,000 in Student Loans Forgiven
Colorado Couple Sees $200,000 in Student Loans Forgiven It is not often that you see student loans being discharged when a person files for bankruptcy. In fact, it so rarely happens that a lot of people have come to mistakenly believe that it is an unforgivable debt....