Pre-filing Bankruptcy Credit Counseling Briefing To file bankruptcy in Texas, the law requires that you complete a U.S. Trustee-approved credit counseling briefing. A certificate verifying your completion of this course must be filed with your bankruptcy petition. The credit counseling courses are generally a question and answer sessions with a non-profit credit counseling agency. The […]
Texas Bankruptcy Statistics
2006 TEXAS BANKRUPTCY FILING STATISTICS Circuit and District Chapter 7 Chapter 11 Chapter 13 Total Non-Business Filings Texas, Northern District 4,395 8 7,845 12,248 Texas, Eastern District 2,154 3 2,241 4,398 Texas, Southern District 4,031 28 6,389 10,448 Texas, Western District 3,529 7 3,920 7,456 Total 14,109 46 20,395 34,550 Source: U.S. Government Court Statistics […]
Texas Bankruptcy Vote
Following years of intense lobbying by creditors, Congress passed the Bankruptcy Abuse Prevention and Consumer Protection Act of 2005 (BAPCPA). How did your Senators vote on these largely pro-creditor provisions? Cornyn (R-TX) – YEA Hutchison (R-TX) – YEA
Cheesecake Factory Bankruptcies
The Cheesecake Factory Agreed to Settle Allegations That it Misled Investors About How Covid-19 was Affecting their Business Cheesecake Factory agreed to pay $125,000 to settle allegations that it misled investors regarding the effects of the coronavirus outbreak on its business. CAKE Cheesecake Factory told investors that it enabled the chain’s pickup and delivery operations […]
Bankruptcy Information
What Happens if You File Bankruptcy Your FREE Bankruptcy Information Headquarters – 50 State bankruptcy laws overview, top 10 bankruptcy questions answered, chapter 7 v. chapter 13, can I file bankruptcy myself? How Does Bankruptcy Work? Bankruptcy law allows you to eliminate all, or a portion, of your debts. First, you’ll want to determine if bankruptcy is […]
Bankruptcy Defined
According to the official United States courts, online glossary, (that you can view here) bankruptcy is defined as: “a legal procedure for dealing with debt problems of individuals and businesses; specifically, a case filed under one of the chapters of title 11 of the United States Code (the Bankruptcy Code).” What does that mean in […]
Business Bankruptcy
Businesses Can File for Bankruptcy In One of Three Ways Small businesses are most likely to fail, The decision is made by the owners whether or not to file bankruptcy. Only about one-fifth, or one-fifth, of new small businesses survived for more than one year between 2005 and 2017. Half of the companies lasted five […]
How Much Does A Bankruptcy Attorney Cost
The role of an attorney in a Chapter 13 bankruptcy is significantly more involved than his role played in a Chapter 7 bankruptcy. The legal analysis required, amount of time spent in court, length of the representation, and complexity are all greater than the responsibilities of a Chapter 7 bankruptcy attorney. Because of this, a […]
Bankruptcy Means Test
The Bankruptcy Means Test: What it Is and Why It Matters The bankruptcy means a test will determine if you are eligible for Chapter 7 bankruptcy. The bankruptcy means a test is used to determine who can file for Chapter 7 bankruptcy debt relief. This test takes into consideration your income, family size, and expenses […]
Bankruptcy Chapters
The Different Chapters Of Bankruptcy Explained The term bankruptcy is well-known in the United States. The federal courts can assist you in filing bankruptcy. But, how can you distinguish between the various chapters of bankruptcy? The United States has six bankruptcy chapters: Chapter 7, Chapter 9, Chapter 11, Chapter 12 and Chapter 13, with Chapter 7 […]