What Is a Trustee and What Is His Role in My Bankruptcy?

When you file bankruptcy, the court will appoint a trustee to your case. This is true for both Chapter 7 and Chapter 13 bankruptcies, although the function of the trustee differs significantly. Your Bryan bankruptcy attorney will help you when you deal with the trustee, but it is important to keep … [Read more...]

The Fair Credit Reporting Act

Established in 1970, the Fair Credit Reporting Act was created to regularize agencies that issue reports about consumers. The reasoning was that setting up legal guidelines for reporting of credit and other types of information would help ensure accuracy. As your College Station bankruptcy lawyer … [Read more...]

Bankruptcy Myths

Bankruptcy has become a reality for many Americans following the Great Recession. You may be aware that in recent years bankruptcy rules have changed substantially; for many this fact has led to some unfortunate misinformation. Your Bryan bankruptcy attorneys can provide specific answers to … [Read more...]

Priority Debt Collections after Closing of a Bankruptcy

Regardless of whether you file a Chapter 7 or Chapter 13 bankruptcy, certain types of debt are not dischargeable. The so-called priority debts among these must be collected upon when the bankruptcy first closes. It is important that you have an understanding of your priority and non-priority debt … [Read more...]

Debts That Are Not Dischargeable in Your Bankruptcy (Part 2)

Here are some more debts that cannot be discharged by your Bryan bankruptcy under federal statute: Government or non-profit student loans (so long as the court determines that you can repay the loans without undue hardship on you or your dependents); Debt arising out of a judgment against you … [Read more...]

Debts That Are Not Dischargeable in Your Bankruptcy (Part 1)

The characterization of your debts is important as you proceed with your bankruptcy, because this can determine whether or not you will be released from personal liability on your debts. In this first part of a two-part series, our Bryan bankruptcy attorneys will explain which debts are not … [Read more...]

Steps to Rebuilding Your Credit Following a Bankruptcy

    Filing for bankruptcy provides you with a fresh start, but will also affect your credit. A bankruptcy can remain on your credit report for up to 10 years. However, as more time elapses from your bankruptcy filing, your bankruptcy will become less significant to potential … [Read more...]

Can Incurring New Debt Help You in a Chapter 7 Bankruptcy?

The bankruptcy laws changed about a decade ago, making them more restrictive and requiring those who file for bankruptcy to satisfy additional requirements. There is a perception by some that incurring more debt prior to filing for Chapter 7 can be to their benefit, but your Bryan bankruptcy lawyers … [Read more...]

Obtaining a Mortgage after Bankruptcy

Many people assume that a bankruptcy means there is absolutely no way to obtain credit—let alone a mortgage—until it is off the credit report in 7-10 years. However, this is not true. You can obtain a mortgage in much less time than this, but you will need to wait. A Bankruptcy attorney in College … [Read more...]

The Trustee’s Role in Your Bankruptcy

A bankruptcy trustee is appointed by the U.S. Trustee Program, which is a branch of the Department of Justice. The trustee in your bankruptcy is not actually a government employee; rather, he is appointed to oversee your bankruptcy and make sure that everything is in order. While this is the case, … [Read more...]