If a party files for bankruptcy after a divorce case has been started in Texas and before the Texas divorce is finalized, the divorce case will be put on hold until the bankruptcy court says it is ok to proceed. The bankruptcy court will have to lift the stay that is in place (say it […]
What is Chapter 7 Bankruptcy?
Everybody has bills. Perhaps you must be late on a payment or miss one entirely. It isn’t ideal for your credit score, but in the present condition of America’s economy, lots of people need to “rob Peter to pay Paul.” If this really is you, you most likely don’t need to think Bankruptcy, not just […]
Why File Chapter 13 Bankruptcy?
North Texas debtors file Chapter 13 Bankruptcy for many different reasons, but in general debtors are seeking two forms of relief in Chapter 13 Bankruptcy. The first form of relief offered by the bankruptcy code is the automatic stay. The automatic stay is sometimes described as a gate closing, locking out the creditors. Basically, the […]