Dallas Bankruptcy: How long will it stay on my credit report? It depends on what Chapter you file under. Chapter 13 bankruptcy cases will stay on a credit report for seven years from the date the case is filed. Most Chapter 13 bankruptcy cases last five years, so after the case is completed the bankruptcy […]
Dallas Bankruptcy Lawyer: CHAPTER 13 – WHAT IS ADEQUATE PROTECTION?
Dallas Bankruptcy Lawyer: CHAPTER 13 BANKRUPTCY- WHAT IS ADEQUATE PROTECTION? Adequate protection is a term used to describe payments made to some types of secured creditors, which protect them against depreciation of the value of their lien. For example, a creditor who has a lien attached to a car has a secured claim valued up […]
DALLAS CHAPTER 13 BANKRUPTCY ATTORNEY: WHAT IS CONFIRMATION?
DALLAS CHAPTER 13 BANKRUPTCY ATTORNEY: Debtors in Chapter 13 bankruptcy file a repayment plan with the Court that states which creditors will be repaid and the terms of the repayment. The plan is reviewed by the Trustee and the creditors who may or may not file an objection to confirmation of the plan. Objections to […]
DEAR BANKRUPTCY PROCRASTINATOR,
I understand what it means to be a procrastinator. I have been one most of life. My mother will tell you I was late being born. My wife could share with you how we dated for six years before I asked her to marry me. I like to think of myself as a reformed procrastinator. […]
DOMESTIC SUPPORT OBLIGATIONS GIVEN PRIORITY IN BANKRUPTCY
The Bankruptcy Code provides special protection for parties’ owed domestic support obligations, such as child support, alimony, and spousal maintenance. In its present form, the Bankruptcy Code provides that domestic support obligations cannot be discharged in a Chapter 7 case and receive priority status in Chapter 13 bankruptcy plan. This priority status guarantees that domestic […]