chapter 7 bankruptcy attorney Tag

Are All Debts Treated Equally in Bankruptcy?

debt defense attorney

Unless you’re an experienced debt defense attorney, you may not know exactly how your debts will be treated during bankruptcy. It’s important to understand that not all debts are treated equally, so before you file for Chapter 7 or Chapter 13 bankruptcy, working with an attorney to determine a strategy is beneficial in many ways. Most debts can be included when filing for bankruptcy in Texas, but it doesn’t mean they will all be discharged. Here’s what you need to know about how certain debts are treated in bankruptcy. Priority Debts May Not Be Discharged The most common priority debts include vehicle...

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Is There a Way Tax Debt Can be Discharged in Bankruptcy?

texas bankruptcy lawyers

When you work with bankruptcy lawyers in Houston, one of the first things you may ask has to do with what happens to your tax debt. There is no standard answer, since every situation is unique. However, when you work with the best Texas bankruptcy lawyers, you’ll have a better chance of getting your tax debt discharged, or having your payments reduced at the very least. Some of the main factors that contribute to how much tax relief is available to you include: How old your tax debt is Whether you are filing Chapter 7 or Chapter 13 bankruptcy The...

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How Much of Your Property Will You Lose if You File for Bankruptcy?

filing for bankruptcy in texas

The scariest feeling many people who are filing for bankruptcy in Texas have is losing all of their property. The truth is this is very rarely the case for a few reasons. There are exemptions in place that allow most people to keep their possessions enabling them to live a fairly normal life. In other words, you won’t be homeless if you file for Chapter 7 bankruptcy. A Houston bankruptcy lawyer can explain more to you about your specific situation, but here is some information about what property you can expect to lose and keep if you file for bankruptcy. Most...

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How to Stay on Track While Paying off Debts

debt defense attorney

There may not be a better feeling in the world than having the ability to pay off debts. Getting your finances in order is the first step in determining how much debt you can afford to pay off and how quickly you can do so. Sometimes it’s valuable to consult with a debt defense attorney in Houston for advice on keeping the creditors away as you work to reach your goals. When you have a solid and realistic plan in place, it will be much easier to stay on track and slowly chip away at any amount of debt you...

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When Filing for Chapter 7 Bankruptcy May be Your Best Option

chapter 7 bankruptcy attorney

Filing for bankruptcy is generally one of the last things people or businesses want to do when their finances aren’t where they need to be. While it can be seen as giving up, filing for Chapter 7 bankruptcy can actually be a smart decision in some cases. Working with the best bankruptcy lawyers in Fort Worth can help you along the way with getting your finances in order, including knowing when the time is right to file for bankruptcy. Here are some examples of situations where filing for bankruptcy could be your best option. Medical Expenses Have Buried You Medical emergencies are...

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