There are both federal and state exemptions for Chapter 7 bankruptcy. Texas is one of the states that allows someone seeking bankruptcy to choose which category of exemptions they want to use. The federal homestead exemption last adjusted in 2019 allows you to protect...
Month: April 2021
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Will filing for bankruptcy mean I can never get a mortgage in the future?
Financially, you may be struggling, but if you’re working toward buying a home in the future, you may feel like seeking a bankruptcy is the wrong path for you. Even though your debts are at their peak and you’re having a hard time paying them back, you may feel that a...
Is Chapter 13 bankruptcy a realistic option?
Are you considering filing for bankruptcy under Chapter 13? One thing that you need to know is that more Chapter 13 bankruptcy filings fail than succeed. Those are the findings of a report published by the American Bankruptcy Institute. Based on figures between 2010...