Student loans are a peculiar sort of debt in the context of a Chapter 13 bankruptcy case. They are unsecured which entitles them to low priority for repayment in Chapter 13 plans, yet they are nondischargable, meaning the student loan debt survives the bankruptcy discharge. Because of these two traits, it is very important to […]
TEXAS BANKRUPTCY ATTORNEY: BANKRUPTCY MYTHS
TEXAS BANKRUPTCY ATTORNEY: BANKRUPTCY MYTHS: There is a lot of content on the internet about bankruptcy. From my regular internet searches on the subject, I estimate that ten percent of bankruptcy content is posted by bankruptcy attorneys who usually know what they are talking about. The rest of the information on the internet is confusing, […]
Texas Bankruptcy Attorney:STRATEGIES FOR COPING WITH CREDIT CARD DEBT
Dallas Bankruptcy Attorney: STRATEGIES FOR COPING WITH CREDIT CARD DEBT Recently I read an excellent article by Laura Coffey on MSN.com discussing strategies for reducing credit card debt. As a bankruptcy attorney, I meet with clients everyday that are struggling with repaying high interest credit cards, and repaying these types of loans can be an uphill […]
Texas Bankruptcy Attorney: WHAT IS TRCC?
Texas Bankruptcy Attorney: TRCC is an acronym for Trustee’s Recommendation Concerning Claims. TRCC is the point in a Chapter 13 case when the trustee reviews the claims filed by creditors, decides if objections to claims should be filed, and determines if the confirmed plan is sufficient to pay all allowed claims. To understand TRCC it […]
TEXAS BANKRUPTCY: DEBTORS PROTECTED AGAINST DISCRIMINATION
Can my employer fire me for filing bankruptcy? The Bankruptcy Code expressly prohibits private employers from firing you because you filed for bankruptcy. See 11 U.S.C. § 525(b). This prohibition even protects debtors who discharged debts owed to their employer. For example, a bank teller cannot be fired for discharging credit card debt owed […]