Assistance from a San Antonio Bankruptcy Lawyer Before you file for Chapter 7 bankruptcy, it is important for you to be aware of what the bankruptcy exemptions are for your state. These exemptions tell you which of your assets (and to what value) are protected, or “exempt,” from liquidation under bankruptcy law. Liquidation occurs when […]
Assistance from a San Antonio Bankruptcy Lawyer When you file for bankruptcy, you get to enjoy the powerful benefit of the automatic stay. This is an injunction that places an immediately hold on various types of collections that are carried out by creditors. The injunction lasts for the duration of the bankruptcy process, giving the […]
Determining Chapter 7 Bankruptcy Eligibility Are you considering filing for Chapter 7 bankruptcy? If you are, then you will need to first pass the means test. This is a test that is used to identify whether or not a debtor is truly unable to repay the debt that he or she owes. The test uses […]
It is not uncommon for an individual who has considered filing for bankruptcy to wonder how long it will take to rebuild his or her credit score. While a bankruptcy filing will remain on your credit report for approximately 10 years, most people will begin to get credit card offers within a few months of […]
Falling deep into debt can be a difficult situation to overcome. Some people seem as if they have a natural-born ability to manage their finances, while to others is may feel like a concerted effort is required to accomplish even the most basic of financial tasks. I know there are situations that can occur in […]
Bankruptcy can put an immediate end to creditor harassment. It can stop a foreclosure dead is its tracks and save your family home. It can prevent wage garnishments and eliminate specific types of liens. Bankruptcy can prevent your vehicle or other valuable assets from being repossessed. Debts can be completely discharged or restructured through bankruptcy […]
One of the questions I often hear people ask is, “Why hire a bankruptcy attorney?” In all honesty, if you are facing potential legal issues with your personal or business affairs, it is important that you have a strong advocate on your side who is committed to fighting for your rights, and to seeing that […]
Bankruptcy is a legal option very few individuals and businesses consider, in large part due on the numerous myths and legends surrounding the bankruptcy process. While there are alternatives to bankruptcy, there are also certain warning signs and indications that may make it clear that bankruptcy could be a viable option for you and your […]
The good news is that it is entirely possible to obtain an auto loan after a bankruptcy discharge thanks to the abundance of auto loan choices today; however, there are some factors that you want to take into consideration. There are a number of car loan companies that offer auto loans to people that have […]
Since the recent economic downturn which caused homes across the nation to go into foreclosure and millions to be unemployed, Americans from every walk of life have turned towards bankruptcy for debt relief and sometimes protection against foreclosure of their home. While some view bankruptcy as a once in a lifetime occurrence, not everyone can […]
Here’s the “Easy” button: For the typical person that I see in a debt consultation, the determining factors for qualification for a Chapter 7 bankruptcy are the person’s income and expenses. Keep in mind, it’s like looking at an elephant…
One factor in determining if you qualify for Chapter 7 is to compare your previous six months of income to median income for people in Texas, based on the household size. Although you can be above median income and still…
Most people that file bankruptcy file under Chapter 7, which is the form of bankruptcy where there is no monthly payment to a trustee. Chapter 7 has numerous advantages over Chapter 13. Here are the key advantages: Chapter 7 Bankruptcy…
