Bankruptcy Attorney Allen TX

Repayment Options for Chapter 7 Bankruptcy Explained

When facing the possibility of filing bankruptcy, one must choose between the chapter 7 and chapter 13 options, depending on their situation. Chapter 13 bankruptcy is the “reorganization” chapter in which the debtor maintains control over their assets while gradually repaying their debts through a three to five-year payment plan. Contrarily, Chapter 7 bankruptcy traditionally … Read more

The Basics of Bankruptcy in Allen, TX and What to Know Before Filing

If you’re considering bankruptcy, there are things you need to know. The first thing you’ll need to decide is which bankruptcy to file. In a Chapter 7 Bankruptcy, you can discharge your unsecured debt. Secured debt may be sold by the trustee to pay off the debt. Keep in mind that you’ll be able to keep one car and one home. The trustee may sell … Read more

When and If You Should Notify Your Bankruptcy Attorney of a Pay Raise

Living with the inability to pay debt and your basic living expenses can be overwhelming, but millions of people are able to find relief through bankruptcy. During a chapter 13 filing, your attorney will work with creditors on your behalf to design a monthly repayment plan for these debts. While based on your current income … Read more