Chapter 13 bankruptcy Dallas

Let Us Know About Bankruptcy

Call: 888-297-6203 What is Bankruptcy? If you are looking to reduce or eliminate certain of your debts, bankruptcy is the best option you should choose. You can also provide a timeline on your own to repay the non-dischargeable debts. Even secure debts that are a debt pledged with a real estate property or vehicle as collateral are also repaid. In title 11 of the US code, federal bankruptcy law is there. Under the constitutional grant of authority, Congress passed the bankruptcy code to "established uniform laws on the subject of bankruptcy throughout the United States". The bankruptcy court [...]

2023-06-27T05:38:11+00:00
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The Timeframe For Chapter 13 Bankruptcy

Call: 888-297-6203 The average timeframe for Chapter 13 bankruptcy is higher than Chapter 7 bankruptcy under most circumstances. Chapter 13 focuses on a repayment plan, which may be up to 3-5 years, and the overall bankruptcy procedure may take about a year from the date bankruptcy is filed. The same when considered Chapter 7 can be within the range of a year for the whole process. So, chapter 7 definitely frees your shackles away quicker, and Chapter 13 might just take a bit longer. What is the information required to file bankruptcy? List of all lenders and creditors [...]

2025-08-11T06:47:07+00:00
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Consumer And Non-Consumer Debts

Call: 888-297-6203 The means test is a series of calculations based on the debtor's household size and income to determine whether the debtor can file for chapter 7 bankruptcy. The test only applies to debtors who primarily have "consumer debts" as opposed to business debt. If more than half of the people have non-consumer debt or business debt then they don't have to pass the means test to apply for chapter 7 bankruptcy. What are consumer and non-consumer debts?  Section 101(8) of the Bankruptcy Code defines a consumer debt as "debt incurred by an individual primarily for a [...]

2023-03-31T07:51:01+00:00
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How Can Credit Counseling Help?

Call: 888-297-6203 Credit counseling services are one of the very beneficial services that are often ignored and thought of as something of little value. However, it is important to note that sometimes it isn’t the circumstances or situations, but it is poor money management habits that need some supervision. If a pandemic or health misery or a sudden expense pops from nowhere, most of us will be in a tough situation. However, some situations tend to get worse due to irresponsible decision-making, uncontrolled spending, or incorrect/no saving habits. What services are included in credit counseling? You can avail [...]

2023-03-31T07:57:42+00:00
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How Does Chapter 13 Debt Discharge Work?

Call: 888-297-6203 Bankruptcy usually is related to debt discharge. There can be scenarios when the bankruptcy might result in zero or no discharge. However, many people would be spooked or wouldn’t believe it if they were told Chapter 13 could also lead to some debt discharge. Discharge by definition is a legal order issued usually by the bankruptcy court to eliminate or release the liability of a debt from the filer. To know about more bankruptcy terms log on to https://recoverylawgroup.com/bankruptcy/. Key differences in discharge obtained through Chapter 7 and Chapter 13 Chapter 13 aims at settling as [...]

2025-08-11T06:50:20+00:00
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Means Test: How To Arrive At The Magic Number?

Call: 888-297-6203 A means test is a critical aspect of qualifying for Chapter 7 and there can be a lot of confusion and indecision made in the calculation. Many people think they qualify for the means test but end up disqualified while the others who can qualify for the means test might think they have not. It is often a misconception that the recent income will be considered for the calculation of net household income, however, it is not the case. The average income over a period of the last 6-8 months is considered the household income to [...]

2023-03-31T08:06:11+00:00
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Key Factors That Swing Balance Across Chapter 7 And Chapter 13

Call: 888-297-6203 Chapter 7 and Chapter 13 are the two most important chapters in bankruptcy. Some characteristics that swing the balance to Chapter 7 or Chapter 13 for an applier can be listed as follows- Consider Chapter 7- If you have a higher percentage of unsecured debt, chapter 7 can be beneficial. These can be medical bills, credit card dues, personal unsecured loans, payday loans, and other loans which do not have collateral. To know a more in-depth analysis of what kind of debt you have and whether chapter 7 is appropriate, log on tohttps://recoverylawgroup.com/bankruptcy/  If you have [...]

2025-08-11T07:01:20+00:00
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Repossession Post-Bankruptcy

Call: 888-297-6203 During bankruptcy, many assets may be liquidated, which means the bankruptcy filer might end up losing possession of the asset. However, once an asset is lost during bankruptcy need not be the last resort. If the filer feels he/she needs the asset dearly, there are possibilities for the filer to reclaim it. The whole process of reclaiming an asset after being liquidated is referred to as repossession post-bankruptcy. In detail, a debt that is backed by an asset once liquidated, the lenders or creditors get the possession of the asset from the filer. This usually is [...]

2025-08-11T06:54:30+00:00
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How Do I Buy A Car After Bankruptcy?

Call: 888-297-6203 Buying a car after declaring bankruptcy can sometimes be a necessity. Especially if you had a bad bankruptcy settlement and ended up losing your essential or basic assets like a car or a house, you might feel the need to buy a car after bankruptcy. Traveling for job purposes often makes a car a necessity as it adds to the convenience and saves costs on fuel as well. How long you may have to wait to buy a car? The possibility of relying on a car loan to buy a car is most likely after you [...]

2025-08-11T06:55:39+00:00
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Bankruptcy Discharge: Myth Or Possibility

Call: 888-297-6203 Discharge of debts often seems a lucrative consideration for people considering bankruptcy. A bankruptcy discharge is a phenomenon that is a side effect of declaring bankruptcy. Discharge can occur in all bankruptcy filings whether via Chapter 7, 13, or even 11 (for businesses). However, the amount of discharge remains variable that depends on different circumstances and situations of the applier. It is also important to note, that the repeat bankruptcy filers may end up with no or zero discharge if they have not completed the seasoning or the cool-off period. To know more about the cool-off [...]

2025-08-08T07:31:40+00:00
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We are a debt relief agency. We help people file bankruptcy petitions to obtain relief under the bankruptcy code.