Maintenance, alimony and child support are all protected from discharge. Separation agreements and divorce decrees are covered by 11 U.S.C. Section 523 (a) (15). These debts cannot be discharged unless a debtor is not able to pay the debt from earnings or dissolution of the property for necessary maintenance. It also states that the debt [...]
If you have not lived in the State of Texas for a period of ninety one days, you have to wait till you complete that period and then file and this applies to any other state. If you have stayed in the current state for more than ninety one days but less than two years, [...]
Student loans cannot be discharged when you file for bankruptcy. There can be two cases of exemption to this rule under 11 U.S.C. 523 (a) (8) and they are that a student loan can be discharged if it is neither guaranteed by a governmental unit or insured. It can also be discharged if it has [...]
Once a creditor is notified about the filing of your bankruptcy petition, they will have to stop all efforts of calling you from that moment onwards. The court will mail a notice to all your creditors that are listed in the schedules of the bankruptcy petition. The process of mailing will be complete, generally, within [...]
You can file individually when you are married but your spouse will be held liable for all joint debts. When you file jointly, you will be in a position to double up the exemptions (see Texas bankruptcy exemptions). In cases where one of the spouses has debts which cannot be discharged, then it is wiser to [...]
If you have lost the driver’s license for not being able to pay the damages ordered by the court as a result of an accident, you will be able to get your license back after you have filed for bankruptcy.
All private employers or governmental units cannot discriminate against you when you file for bankruptcy or when you fail to pay a debt which is dischargeable under No. 11 U.S.C. Sec. 525 which clearly prohibits such discrimination.
No public utility company can cut electric supply or refuse power to your home just because you have been declared bankrupt. The utility companies could, however, ask for a deposit to maintain services in the future. You will have to settle the utility bills on time even after the bankruptcy application is filed.
It will be possible as there are numerous options available to you. You will also be able to use a debit card or a bank card to carry out various transactions that are possible with the credit card. You will also be able to retain the credit card you have if your creditor gives approval. [...]
In a majority of cases, you will have to appear for a proceeding that is known as a `meeting of creditors’. You will meet with any creditor who wishes to be part of this meeting. You will also meet with a bankruptcy trustee. This meeting involves a simple procedure and you will be asked short [...]