Your car is one of your most important possessions. You want to keep it when you file a bankruptcy case. Most people have some sort of a car loan. Automobile finance companies such as TD Financial and Ford Motor Credit, are very interested in your bankruptcy case. Most times in bankruptcy, they want to repossess […]
Why You Have To Reaffirm Car Loans Read More »
A “Fresh Start” bankruptcy is available in Chapter 7. Chapter 7 is designed for individuals who are called debtors who do not have sufficient income or property to pay their debts along with ordinary household or business expenses. Under Chapter 7, individuals domiciled in Texas may choose Texas or Federal exemptions. The exemption laws exist
North East Texas Bankruptcy Lawyer Explains Chapter 7 Bankruptcy Read More »
My client, seventy (70) year old Sulphur Springs Texas resident, working full time at a local department store sought Chapter 7 bankruptcy protection from Sallie Mae and TERI/NCT, student loan creditors. (TERI stands for The Education Resources Institute; NCT means National Collegiate Trust). A discharge under Chapter 7 or Chapter 13 does not discharge student
Chapter 7 Fresh Start Bankruptcy may be used to eliminate credit card debt, medical debt, deficiencies after a foreclosure and/or repossession. There are other debts dischargeable in a Chapter 7, but credit cards, medical and deficiencies are the most common. Clients who are defined as “Debtors” in the Bankruptcy Law need to be current on
Chapter 7 Fresh Start Bankruptcy Read More »
Generally speaking, if you have debts or obligations you cannot handle, or other financial difficulties, a way to resolve the situation is to file for bankruptcy. For most individuals there are two types of bankruptcy – chapter 7 and chapter 13. Chapter 7 is often called “straight bankruptcy” and with it you are allowed to
What Is The Chapter 7 Means Test? Read More »
