Houston Bankruptcy Lawyer

If you earn a good living, you may be wondering if your income is too high to file Chapter 7.  Most people considering bankruptcy should be able to file under Chapter 7.  However, if your income is above the median family income in your state, you may be forced to file Chapter 13.  Higher income [...]

Bankruptcy does not discharge all types of debt.  In both Chapter 7 and Chapter 13 bankruptcy, there are certain types of debt that will not be discharged or erased.  Let’s begin by looking at debts that are not discharged in a Chapter 13 bankruptcy. A Chapter 13 discharge affects only those debts allowed for by [...]

Before you sign your bankruptcy petition, you must review everything for accuracy.  One of the schedules, called “Schedule J – Current Expenditures of Individual Debtor(s)” is where your monthly expenses are listed.  Unfortunately, many people are unaware of what their monthly expenses are, and what is allowed.  A commonly asked question is, “What monthly expenses [...]

Many people have misconceptions and false ideas about bankruptcy and its effects.  Let’s look at some of the top bankruptcy myths. Myth #1: All debts are completely wiped out in a Chapter 7 bankruptcy. This is a popular myth that is completely false.  In a Chapter 7 bankruptcy, certain types of debts cannot be discharged [...]