DischargeWhat does discharge mean?The bankruptcy discharge is given when you finish the case. The Judge enters an order forgiving debt that is eligible to be discharged. When a debt is discharged, this means it is forgiven. This is like a "judicial pardon." The debt does not disappear. But it is no longer collectible. Once the [...]
What it means to confirm a plan in bankruptcy
What is the foreclosure process in Texas? Notices, sale dates and what happens if your home goes into foreclosure.
Is Keeping Your Tax Refund After Filing Bankruptcy Possible? It depends. To be eligible to receive a discharge, a debtor must have filed the last four years of tax returns if returns are required. Your attorney is required to provide a copy of the copies of the last tax return filed to the trustee. [...]
How to decide between chapter 13 and chapter 7. What is the difference, cost and time for each?
SUMMARY: Generally, bankruptcy immediately stops most creditor harassment. Creditors are ordered to stop all garnishment, lawsuits, levy, foreclosure and contact. Outside of bankruptcy, you may be able to file a complaint or sue for illegal debt collection. Filing Bankruptcy to Stop Creditor Harassment The biggest advantage of bankruptcy is that the automatic stay is [...]
If you qualify for a Chapter 7 bankruptcy, you may be able to totally wipe out unsecured debt, such as credit cards, personal loans, and medical bills. No one wants to file bankruptcy, but sometimes filing bankruptcy is the best way to calm the troubled waters and establish financial stability. Even if you do [...]