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7 Little-Known Assets You Can Keep When Filing for Bankruptcy in Texas

December 21, 2024 No Comments

The bankruptcy means test is a key step in determining whether you qualify for Chapter 7 or Chapter 13 bankruptcy in Texas. Designed to ensure that only those who truly need debt relief can file for Chapter 7, the test evaluates both your income and allowable expenses. If your income falls below the state median, you may qualify for Chapter 7, which discharges most unsecured debts. If your income exceeds the threshold, you must pass a disposable income test, or you may need to pursue Chapter 13, which involves a repayment plan.

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Bankruptcy Means Test

Bankruptcy Means Test in Texas: Do You Qualify for Chapter 7 Bankruptcy?

September 21, 2024 No Comments

The bankruptcy means test is a key step in determining whether you qualify for Chapter 7 or Chapter 13 bankruptcy in Texas. Designed to ensure that only those who truly need debt relief can file for Chapter 7, the test evaluates both your income and allowable expenses. If your income falls below the state median, you may qualify for Chapter 7, which discharges most unsecured debts. If your income exceeds the threshold, you must pass a disposable income test, or you may need to pursue Chapter 13, which involves a repayment plan.

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How Bankruptcy Can Help Rebuild Your Financial Future

August 21, 2024 No Comments

Bankruptcy isn’t just about eliminating debt; it’s a powerful tool for rebuilding your financial future. By taking proactive steps like monitoring your credit reports, using secured credit cards, and pursuing financial education, you can start to restore your credit and set the stage for long-term financial stability.

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Biden’s $1.2 Billion Student Loan Debt Forgiveness Program: How Do I Know If My Student Loans Will Be Forgiven?

July 21, 2024 No Comments

President Joe Biden’s administration has announced a significant move to forgive $1.2 billion in student loan debt relief, sparking discussions on who will benefit from this substantial relief. This article explores who can benefit from this policy and its broader implications. Targeted Relief for Defrauded Students Biden’s student loan forgiveness

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What happens when you file bankruptcy

What Really Happens When You File Bankruptcy

July 21, 2024 No Comments

Filing, for bankruptcy is often seen as a symbol of setbacks and societal judgment. However many people view bankruptcy as a chance to start anew and take back control of their lives. Apart from the financial aspects the emotional journey of declaring bankruptcy is profound bringing relief less stress and

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Signs You May Need To Consult a Bankruptcy Attorney

July 21, 2024 No Comments

Financial problems can be overwhelming and confusing. It can debilitating making it difficult to determine the right course of action. For many people, the thought of bankruptcy conjures feelings of failure and hopelessness. However, bankruptcy is a legal tool designed to provide relief and a fresh start for those facing

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We are a federally designated Debt Relief Agency under the United States Bankruptcy Laws. We assist people with finding solutions to their debt and credit problems, including, where appropriate, assisting them with the filing of petitions for relief under the United States Bankruptcy Code. The information on this website is for general information purposes only. Nothing on this site should be taken as legal advice for any individual case or situation. This information is not intended to create, and receipt or viewing does not constitute, an attorney-client relationship.