If you are like many Americans, even considering bankruptcy may feel like admitting failure. Worse, you may worry that filing for bankruptcy will mean losing valuable personal property, retirement savings or even your home. However, in Texas, you may be able to keep...
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When is a Chapter 11 filing converted to a Chapter 7 filing?
Filing for bankruptcy may have already created a bit of uncertainty about the future of your small business. Changes to your financial situation throughout the process may cause other problems that require you to modify your bankruptcy filing. Understanding when a...
Establishing good credit after a Chapter 13 bankruptcy
A Chapter 13 bankruptcy not only offers a consumer relief from a mound of debt but also the opportunity to re-establish a positive financial life. A strong credit score contributes to the strength of a personal's financial health. A person should focus consciously on...
Understanding the Chapter 7 means test
The decision to seek personal bankruptcy protection in Texas is never an easy one. Yet almost as important as deciding to file for personal bankruptcy is determining which Chapter you will file under. The most popular form of bankruptcy is Chapter 7 (no doubt due to...
Will my stocks survive a Chapter 11?
When a company files for Chapter 11, you may get a bit nervous if you own stock in that business. While some businesses may not survive the bankruptcy, not every company will close completely. There is potential your stock will survive, but it will not be the same. ...
What is the reason for attending the 341 meeting?
If you have decided to file for personal bankruptcy protection, one of the first stops on the journey to resolve your debts will be the 341 meeting. You may not have heard of this meeting, but here you will learn more about the administration of your bankruptcy...
Pandemic-related financial issues continue
As the global pandemic continues on with no immediate end in sight, many people may wonder how, if or when life may ever return to some semblance of normal. For people unable to work due to the current situation, they may be forced to rely on credit cards for their...
What is the Chapter 13 hardship discharge?
Filing for Chapter 13 bankruptcy allows you to deal with your debt in two ways, by coming up with a reorganization plan to pay off some of your debts while a bankruptcy judge discharges the rest, relieving you of the obligation to pay it. You might wonder, however,...
Will I lose my home to bankruptcy?
Filing for bankruptcy can be an emotional time, which makes understanding the details of the process vital. It is likely you have many concerns on your mind as you go through this process, and sorting the fiction from fantasy can be daunting. For instance, many people...
Prospect of Chapter 11 facing Dave Buster’s
There are many businesses in Texas operating in industries that some may believe to be "recession-proof." The common school of thought is that these industries provide either necessities that people cannot live without or premium services that consumers seek out...