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Category: Chapter 7

26 Nov, 2013
Reaves & Lee

Keeping Your Car in Chapter 7

Under Chapter 7 Texas bankruptcy rules, the bankruptcy trustee is able to seize your automobile and sell it to cover your debts if it is worth more than the value of the exemptions you are able to place on it. Depending on...

19 Nov, 2013
Reaves & Lee

Dallas Bankruptcy No-Asset Cases

When considering filing for Chapter 7 Dallas bankruptcy, you may have come across the term “no-asset” bankruptcy. If you are wondering what “no-asset” bankruptcy means, look no further. A Chapter 7 no-asset case...

14 Nov, 2013
Reaves & Lee

Chapter 7 Means Test

In order to qualify for Chapter 7 Texas bankruptcy, you must pass something known as the “means test.” Simply put, the means test is a metric for determining whether your income is low enough that you cannot pay your...

11 Nov, 2013
Reaves & Lee

Abandoned Property in Chapter 7

As a part of the Chapter 7 liquidation proceedings, the appointed bankruptcy trustee takes inventory of all your assets and determines their value. Any assets not protected by an exemption are subject to sale or auction in...

7 Nov, 2013
Reaves & Lee

How Often Can You File Chapter 7?

If you have received a full discharge under Chapter 7 Dallas bankruptcy, but are now facing a fresh pile of unpayable debts, you may be wondering about the rules for filing a second bankruptcy after the first. The good news...