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...
While Chapter 7 bankruptcy offers the benefit of debt discharge, there is a possibility that you could lose certain assets. In a Chapter 7 case, a bankruptcy trustee may sell non-exempt property to pay creditors. The good news is that Texas bankruptcy laws offer a variety of exemptions. They...
Texas bankruptcy law provides information on exemptions, local courts, and general information on the bankruptcy laws.
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...
Bankruptcy Guidance When you need a bankruptcy lawyer in Dallas, Texas, contact Price and Price Law Firm When you have questions about chapter 7 or chapter 13 bankruptcy, whether you are just starting the process or have been in your case for a while, you want to make sure your bankruptcy...
Bankruptcy 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 cl...
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...
Prof. Murphy’s articleCan They Do That? The Due Process and Article III Problems of Proposed Findings of Criminal Contempt in Bankruptcy Courtsis cited in § 2:23 of Bankruptcy Law Manual 5thEd (December 2024 Update). Prof. Murphy’s articleEnhancing the Role of Public Interest Organizations...
The Boy Scouts of America has filed for bankruptcy as it faces hundreds of sexual abuse lawsuits and thousands of alleged victims.