Blog Posts in December, 2011
Posted on Dec 16, 2011 By Majed
Creditors attempting to collect on debt that has been wiped away by a bankruptcy discharge face legal consequences within and outside of bankruptcy court. By law, a creditor is not allowed to collect ...
Continue reading "Protection with Teeth" »
Posted on Dec 14, 2011 By Majed
The two most common forms of bankruptcy filed by individuals are Chapter 7, which is a liquidation and Chapter 13, which is an agreement entered into that allows creditors to be repaid at least a ...
Continue reading "Chapter 13" »
Posted on Dec 12, 2011 By Majed
A typical debtor owes money to various creditors and is constantly paying bills late, leading to late fees and oftentimes collection status and repossession. This constant negative reporting to your ...
Continue reading "Bankruptcy Could Improve Your Credit" »
Posted on Dec 9, 2011 By Majed
Possibly. The bankruptcy code stipulates that an inheritance bestowed upon a debtor within 180 days of a bankruptcy filing will become the property of the bankruptcy estate. The clock starts on the ...
Continue reading "Inheritance and Bankruptcy" »
Posted on Dec 7, 2011 By Majed
For a debtor filing for Chapter 7 bankruptcy, obtaining a discharge is like the Holy Grail. It is the ultimate goal and purpose for filing for bankruptcy liquidation - to be legally absolved from your ...
Continue reading "Chapter 7 Discharge" »
Posted on Dec 5, 2011 By Majed
An individual that has the desire to pay their creditors but does not have the means, may be an ideal candidate for a Chapter 13 repayment plan. Chapter 13 was created for this debtor in mind. In this ...
Continue reading "Should I File Chapter 13?" »
Posted on Dec 2, 2011 By Majed
Yes. Filing bankruptcy in Texas does not mandate that a debtor sell his vehicle. In fact, Texas has a list of exemptions for Chapter 7 debtors that include personal property such as a primary vehicle. ...
Continue reading "Can I Keep My Car?" »