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Chapter 13 Archives

Choosing between Chapter 7 and Chapter 13 bankrutpcy

Just about everybody runs into financial challenges from time to time. Although many people are able to resolve their financial problems and pay off their debts, there are many in Texas unable to take care of their overwhelming debt issues. For these individuals, filing for personal bankruptcy may be the answer. However, it is important to understand the difference between the two types of personal bankruptcies, Chapter 7 and Chapter 13.

Chapter 13 bankruptcy may be answer to mortgage lender lawsuit

Purchasing a home is a significant financial decision for most people. This usually requires taking on some type of loan in order to obtain the funds necessary to purchase the home. However, this also means that the homeowner will be responsible for mortgage payments. One couple in Texas obtained a mortgage for their home but had trouble making payments. Such a situation could result in a possible Chapter 13 bankruptcy.

Choosing between Chapter 7 and Chapter 13 bankruptcy in Texas

Anybody may find themselves facing financial challenges, including overwhelming debt. This is especially true in an economy that has been mostly slow to recover from the recent recession in Texas and everywhere else in the nation. Many people who have run out of options will decide it is time to file for bankruptcy. However, one will still have to decide whether to file a Chapter 13 or Chapter 7 bankruptcy.

City councilman files Chapter 13 bankruptcy to save home

Although politicians and government officials are often in the public eye, they also have the same type of problems that every other person encounters in life. This includes financial problems which may stem from overwhelming debt in Texas or in any other state. One city councilman is now facing this type of problem which has forced him to file a Chapter 13 bankruptcy.

Home equity loan may prompt elderly couple to file Chapter 13

Purchasing a home has always been one of the pillars of the so-called American dream. However, this has caused problems for some people in Texas and elsewhere who are struggling with mortgage debts. Also, those who decide to take equity loans out on their homes may find themselves encountering debt problems. One couple who recently found themselves with this type of problem is now considering filing a Chapter 13 bankruptcy.

Long-time community business owner files Chapter 13 bankruptcy

It is unfortunate when one sees a longtime community business owner struggle with his finances and eventually closes his business' doors. However, as many small business owners in Texas can attest, when a business owner falls ill suddenly, it can cause problems for the company's finances. This can quickly catch up to a business trying to scrape up a profit. Unfortunately, this may have happened to a local restaurant owner who has decided to file for Chapter 13 bankruptcy.

Owners of historic mansion file Chapter 13 bankruptcy

The Morey Mansion is a historic Victorian mansion which was built in 1890. Many readers in Texas and elsewhere may remember the property as being part of the 1952 film titled 'Talk About a Stranger.' It was also in a 2009 episode of 'The Outsiders' which helped to fuel existing myths of supernatural activity within the historic residence. The mansion is now part of a debt reorganization proceeding which is being played out in bankruptcy court.

Former bank director files for Chapter 13 bankruptcy

Even bankers are legally responsible to their debts owed to banks. Even if the debt is owed to the same bank a banker had worked for as a top executive, he or she is still liable to the amount owed on a loan in Texas or elsewhere. This is the case with a former director of First National Community Bank (FNCB) who recently filed for Chapter 13 bankruptcy due to overwhelming debt owed to his former employer.

Owner of printing business files for Chapter 13 bankruptcy

It became all-too-common for businesses to struggle for survival during the recent recession. Many larger corporations were able to weather the storm in Texas and elsewhere; however, the recession was significantly more challenging for smaller businesses. Many of these small companies were forced out of business by the slow economy. The owner of a printing business blamed the recession as well as other factors for forcing him to file a Chapter 13 bankruptcy recently.

Sheriff candidate filed Chapter 13 and Chapter 7 bankruptcy

The recent recession has left many people in dire financial straits. However, there are various solutions available for Texas residents who are in trouble. One of the most effective solutions can be to file for bankruptcy. Most people either choose a Chapter 7 or Chapter 13 bankruptcy, each with its own advantages and disadvantages. One Republican candidate for sheriff has filed for both types of bankruptcies in the past.

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