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Houston Bankruptcy FAQs
At the Russell Van Beustring P.C., our Houston bankruptcy lawyers understand that people or businesses facing mounting debts may be overwhelmed by their financial troubles and may not know where to turn for information or advice about debt relief. That is why our team of attorneys has compiled a list of some of the questions we are asked most frequently, as well as their answers, for those considering bankruptcy or other debt relief options.
We will be updating this list frequently, so check back often for more information. If you would like to discuss any of the topics listed below or have questions that were not answered here, please contact our offices at 713-973-6650.
- How Will My Exemptions Affect My Repayment Plan?
- Why Do I Have to Pay The Full Value of My Non-Exempt Property?
- Is All of My Property Exempt in Chapter 13 Bankruptcy?
- Are retirement benefits sufficient to fund a Chapter 13 repayment plan?
- How long will my Chapter 13 repayment plan last?
- What portion of my debt must I repay if I file for Chapter 13?
- How are debts paid in a small business Chapter 7?
- Are my business’s debts eligible for discharge?
- Can a small business file for Chapter 7 bankruptcy?
- What debts can I discharge through Chapter 7 bankruptcy?
- What is an unsecured debt?
- What if my debt is backed by collateral?
- How does Chapter 11 bankruptcy work?
- Can I file for Chapter 7 bankruptcy as a business entity?
- Who is responsible for the debts of my business?
- Is there a statute of limitations on debt collection?
- How can bankruptcy protect me from aggressive debt collectors?
- Can creditors garnish my wages?
- Is it better to sell a house or lose it in foreclosure?
- How quickly do foreclosure proceedings begin after I miss a mortgage payment?
- If I miss a car payment, will the lender repossess my car?
- What is a secured debt?
- When is Chapter 13 Preferable to Chapter 7 Bankruptcy?
- When is Chapter 7 Preferable to Chapter 13 Bankruptcy?
- Can Chapter 13 Bankruptcy Save My Home From Foreclosure?
- What are the different types of property that are exempt under Chapter 7 bankruptcy?
- What types of debt are eligible for discharge through bankruptcy?
- What is the Chapter 7 means test?