A bankruptcy trustee plays a key role in managing a bankruptcy case. If you file for bankruptcy, this person oversees your assets, reviews your financial situation, and ensures that debts are handled according to the law. Understanding their role can help you know...
Smith County Bankruptcy Blog
Can you include medical bills in Chapter 13 bankruptcy?
Medical debt can overwhelm you, especially when unexpected emergencies lead to high bills. If you struggle with medical expenses, you might wonder if Chapter 13 bankruptcy helps. In Texas, this type of bankruptcy lets you restructure debts, including medical bills,...
FAQs about Chapter 7 bankruptcy
Chapter 7 bankruptcy provides individuals and businesses a way to eliminate most debts and start fresh. It's important to know what this process entails and how it might affect your financial situation. What is Chapter 7 bankruptcy? Chapter 7 bankruptcy, often called...
How to maximize your exemptions during Chapter 7 bankruptcy
Chapter 7 bankruptcy allows you to eliminate unsecured debt and gain a financial fresh start. In Texas, state-specific exemption laws play a significant role in protecting assets during this process. Knowing how to maximize these exemptions can help you preserve...
Can Chapter 13 bankruptcy prevent wage garnishment?
Wage garnishment creates financial stress and makes it difficult to meet daily living expenses. Filing for Chapter 13 bankruptcy stops wage garnishment and helps debtors regain control of their finances. How does Chapter 13 stop wage garnishment? Filing for Chapter 13...
What happens to your car loan when you file Chapter 7 bankruptcy?
Your vehicle is likely necessary for daily life, whether it’s getting to work or handling family responsibilities. However, filing for Chapter 7 bankruptcy can leave you unsure about what will happen to your car loan. While bankruptcy offers a fresh financial start,...
How does Chapter 13 bankruptcy protect against foreclosure?
Chapter 13 bankruptcy is a legal option that allows individuals to reorganize their debts and create a repayment plan. This type of bankruptcy provides a way to catch up on missed mortgage payments and prevent the bank from foreclosing on the property. Protection...
Impact of Chapter 7 bankruptcy on joint debts with a co-signer
Filing for Chapter 7 bankruptcy can be a challenging decision, especially when joint debts with a co-signer are involved. Understanding the implications for both you and your co-signer is crucial. In Texas, there are specific considerations to keep in mind. What...
What is the process to file for Chapter 13 bankruptcy?
Filing for Chapter 13 bankruptcy is a significant step for anyone struggling with debt. It allows individuals to reorganize their financial obligations and pay them off over time. Understanding the process can make it seem less daunting and more approachable....
Is it okay to do a shopping spree before filing for bankruptcy?
Filing for personal bankruptcy is a significant decision that comes with many considerations. In Texas, it’s important to understand the implications of your financial actions before filing, especially when it comes to spending habits. The risks of a shopping spree...
