Every Woodlands Bankruptcy filer faces a choice to use the Texas or Federal Bankruptcy property exemptions. They each have their pros and cons. Exactly which exemption rules are better depends entirely on your unique case. Once you choose to use either the Texas or Federal Bankruptcy exemptions you may not be allowed to change your choice later on even if your circumstances change after your case is filed. The wrong choice can result in you losing property that you may have been able to keep through Bankruptcy. That is what happened to the Schellenbergs. Do not let it happen to you, call (832) 426-3913 to speak with a Woodlands Bankruptcy Attorney today.
Background
The Schellenbergs filed a Chapter 13 Bankruptcy petition on February 2, 2009. The purpose of the filing was to protect from foreclosure a horse ranch that the Schellenbergs had built that was to serve as their homestead and horse training business. The Schellenbergs had borrowed $772, 000 from First State Bank of Central Texas (“FSBCT”) on or about August 10, 2006. On the date of their bankruptcy petition, Read more…
Each Woodlands Bankruptcy case has their own timeline. However, there are certain court imposed deadlines that you must meet. Your case can be dismissed if you do not provide the required information to your Woodlands Bankruptcy Attorney in time to meet these deadlines.
Here is what must be taken care of in the first 15 days of your Chapter 7 case. This is the bare minimum, depending on your circumstances additional filings Read more…
Personal Bankruptcy in the Southern District of Texas is an important procedure. In order to obtain the discharge that is one of the most important goals of going through bankruptcy in Houston, Conroe, or anywhere in the Southern District you must fulfill your obligations to the Bankruptcy Court. If you do not fulfill your obligations to the Court, your case may be dismissed or some of your debts may not be discharged.
This is Part 6 of my series reviewing your obligations as a bankruptcy filer in Harris County or Montgomery County and the Southern District of Texas. In addition to the obligations we previously discussed, your obligations include:
- You are required to appear and attend a Read more…
Personal Bankruptcy in Montgomery County and the Southern District of Texas is an important procedure. In order to obtain the discharge that is one of the most important goals of going through bankruptcy in Montgomery County, you must fulfill your obligations to the Bankruptcy Court. If you do not fulfill your obligations to the Court, your case may be dismissed or some of your debts may not be discharged.
This is Part 5 of my series reviewing your obligations as a bankruptcy filer in Montgomery County and the Southern District of Texas. In addition to the obligations we previously discussed, your obligations include:
- You are required to file and complete your statement as to Read more…
Personal Bankruptcy in Montgomery County and the Southern District of Texas is an important procedure. In order to obtain the discharge that is one of the most important goals of going through bankruptcy in Montgomery County, you must fulfill your obligations to the Bankruptcy Court. If you do not fulfill your obligations to the Court, your case may be dismissed or some of your debts may not be discharged.
This is Part 4 of my series reviewing your obligations as a bankruptcy filer in Montgomery County and the Southern District of Texas. In addition to the obligations we previously discussed, your obligations include:
- You must provide written notice to the Trustee of Read more…
