All About Filing for Bankruptcy in Texas

Larry K. Hercules is a bankruptcy attorney with more than 25 years of experience in Plano, Texas. In this series of articles, he explains how a trained attorney goes about handling most Chapter 7 and Chapter 13 cases.

Are Reaffirmation Agreements Always Approved?

No, reaffirmation agreements are not always approved by the court. In order for a reaffirmation agreement to go through, a debtor must show the court that he can afford to pay for the assets he is trying to keep.

Can Unemployed People File for Bankruptcy?

Yes, people who have lost their jobs and are now receiving unemployment can file for bankruptcy. In most cases, people who fall into this category will opt for a Chapter 7 over a Chapter 13.

When Can Bankruptcy Be Used to Protect a Home From Being Seized?

Bankruptcy is frequently used as a way to protect homes from being seized by banks, however this only works in limited instances. To find out more, debtors should contact an attorney who specialized in bankruptcy cases.