After you’ve decided to get rid of your debts and file bankruptcy, the Court will set up your “341 Hearing” (a.k.a the “Meeting of Creditors”). You’ll get a notice telling you when and where your 341 hearing will be. Every once in a while, one of my clients will ask me to change ...
Category Archives: Court Procedures
Dallas Texas 341 Hearing or “Meeting of Creditors” (VIDEO)
One of the parts of the process of filing for a Dallas Texas bankruptcy is something which is known as a 341 meeting. Named for the part of the ...
Dallas Texas Bankruptcy Court Hearings (VIDEO)
Filing for a Dallas Texas bankruptcy is something no one looks forward to. However, when you’re faced with massive debt and can’t see any other way out of your ...
What is the “Discharge”
A bankruptcy discharge releases the debtor from personal liability for certain specified types of debts. In other words, the debtor is no longer legally required to pay any debts that are discharged. The discharge is a permanent order prohibiting the creditors of the debtor from taking any form of collection action on discharged debts, ...
New Bankruptcy Law
You'll probably need a lawyer... The Bankruptcy Abuse Prevention & Consumer Protection Act of 2005, in effect since Oct. 17, 2005, requires debtors to pass more stringent guidelines to determine whether they can have their debts liquidated through Chapter 7 or whether they must enter a repayment plan through Chapter 13. Below is a description ...