BankruptcyQuestionsNationalBankruptcyForum

Qualifying For Chapter 7

10/19/11

Many of my Fort Worth bankruptcy clients ask about the differences between Chapter 7 and Chapter 13 bankruptcy. I find it important to educate all my clients about the qualification standards for both, as their financial standing has the most influence over their chances of successfully obtaining a Chapter 7 discharge over a Chapter 13 [...]

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How Much Does It Cost To File For Bankruptcy?

10/17/11

Each bankruptcy case is different and must be evaluated on its own merit.  The filing fees for Chapter 7 are $299.00 and the filing fees for Chapter 13 are $274.00 at the present time.  These filing fees are federal law, so no matter where you file your bankruptcy case, anywhere in the country, those filing [...]

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Controversy erupts over Harrisburg, Pennsylvania Chapter 9 Bankruptcy Filing

10/15/11

Although the politics has been going on for a while, and rescue bills were considered, Harrisburg, Pennsylvania went ahead and filed Chapter 9 Bankruptcy.  The State of Pennsylvania has not only objected to the eligibility of the City of Harrisburg, the legislature is working on a bill that would strip the city of its ability [...]

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Does My Spouse Have to File Bankruptcy With Me?

10/14/11

No, your spouse does not have to file bankruptcy with you. There is no law stating that both people in a marriage must file bankruptcy. A married person can file a single bankruptcy. If a married person does decide to file without their spouse, some information from the non-filing spouse would be needed. The non-filing [...]

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Texas Bankruptcy Exemptions

10/14/11

As a Fort Worth bankruptcy attorney, many of my clients ask about the differences in Texas bankruptcy exemption laws and Federal bankruptcy exemption laws. There are key differences between the two sets of laws, primarily in the amount and type of property that qualifies for exemption in bankruptcy. The two main exemptions that people are [...]

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What Would You Do If You Were Me?

10/14/11

The answer to that question is very difficult.  I am often asked by clients, “Do you suggest I file?”  “Would you file if you were me?”  My basic rule of thumb is this if you feel that you can bail yourself out of debt within a six month time period then there is no reason [...]

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How A Bankruptcy Lawyer Can Help Clients Discharge Debts

10/13/11

Chapter 13 bankruptcy may provide some relief to borrowers overwhelmed with debt. Often, the most significant benefit that bankruptcy offers is the discharge of debt. The discharge releases the debtor from all debts included in the bankruptcy. Under current bankruptcy law, creditors included in the bankruptcy may not initiate or continue any legal or other [...]

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How A Bankruptcy Client Should List All Household Goods And Property On The Schedules

10/13/11

This is something that your attorneys will do when they prepare the bankruptcy petition.  Schedule B makes one list everything they have from cash on hand, checking accounts, savings accounts, household goods, clothing, cars, retirement accounts, life insurance policies, stocks, bonds, injury case proceeds, inheritance proceeds.  Schedule B is a very complete exhaustive section, whereby [...]

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Take Control of Your Landlord/Tenant Dispute

10/12/11

If you are facing legal proceedings involving a landlord/tenant dispute, then you need an attorney. The Suffolk County District Court’s website says it best, and it’s best to take this warning to heart: Proceedings to recover real property require specific legal knowledge. This court strongly recommends that you retain an attorney. If you wish to [...]

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Discharging Debts In Bankruptcy

10/12/11

As a Fort Worth bankruptcy attorney I have found that many of my clients have misconceptions about which types of debts can be discharged in bankruptcy. I feel every consumer should be educated about which types of debts can be discharged before deciding to file for bankruptcy. Secured vs. Unsecured Debts I have found that [...]

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