Chapter 7 bankruptcy:Chapter 7 is a consumer and business bankruptcy option that wipes out many types of debt completely. Credit card debt, medical bills and vehicle repossession deficiencies are amongst the most common debts wiped out in a Chapter 7 bankruptcy. Chapter 13 bankruptcy:This type of...
Chapter 7 bankruptcy is a liquidation bankruptcy. A liquidation bankruptcy means you may have to sellnonexempt propertyin return for a discharge on most or all of your debts. The proceeds are then distributed among your creditors. Once your debts are discharged, you are no longer legally require...
Chapter 7 bankruptcy allows the borrower to decide if they can afford tokeep the car. If they pay for it in a lump sum while in default (redemption), they are responsible only for its full market value, or they can make payments to the lender through a new contract (reaffirmation). How...
Chapter 7 bankruptcy Business workout Business name registration Assumed name registration Business organizations Corporate governance Business formation Legal documents Business disputes Loan documents Trusts, wills and probate Schedule an appointment with Joseph G. Epstein PLLC in Houston, TX today. ...
If you are considering Chapter 7 or Chapter 13 Bankruptcy to protect assets or manage debt, call Price and Price at 214-696-9601 for your Free Consultation.
Texas bankruptcy law provides information on exemptions, local courts, and general information on the bankruptcy laws.
Assistance filing Chapter 7 bankruptcy to wipe away your debt and get a fresh start. Judgment Defense Tough negotiators to resolve that pesky judgment and help you put the past in the past. Lien Releases Proven strategies to clear the title on your property and eliminate issues at closing. ...
every seven years. In the United States, bankruptcy laws were enacted in the 1800’s. Although these laws have been reformed many times over the years, one thing remains constant, in the United States you are protected under the bankruptcy laws and you do not have to live your life in ...
When this process is complete, the next step in the process is for the newly created company to file forChapter 11 bankruptcy. This shields the original or parent company from the costs associated with its tort liabilities.2 In practice, this means that the dispute over tort liability must be...
Our focus in this article is on Texas law, not rules or exemptions under federal or bankruptcy law. It is worth observing, however, that bankruptcy rules are tougher on debtors than Texas law. Generally speaking, if a debtor can stay out of bankruptcy, hunker down, and maximize Texas state...