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Texas Bankruptcy Questions & Answers
1 Answer | Asked in Bankruptcy for Texas on
Q: If I can no longer afford to pay for a timeshare, do I need to use bankruptcy? What can they do under foreclosure laws?

I am 62 on Social Security. No health insurance. Nothing in bank. 20k + credit card debt. House for sale for ammt. owed to bank. 20k in IRA. No other retirement. Own 2 old cars ('98 ,05). Alone, unmarried.

Andrew Bresalier
Andrew Bresalier
answered on Jan 9, 2012

Often Timeshares are not Deeded, they are merely an agreement. Thus, they do not actually foreclose. If Deeded, then a foreclosure may occur. Alternatively, you could contact them about the possability of a Deed-in-Lieu.

As for the possability of a Bky, the amount owed is not a bar....
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1 Answer | Asked in Bankruptcy for Texas on
Q: I have a co-borrower on a home that just informed me he filed for Chapter 7. How do I find the BK Trustee in charge?
Andrew Bresalier
Andrew Bresalier
answered on Dec 8, 2011

As a co-debtor on the mortgage, you will be receiving notice of the case. The Trustee's name and contact information will be listed on the notice. If you cannot wait, then Sign up for PACER at the District Court for the respective jurisdiction. This is a free service, as long as you use less... View More

1 Answer | Asked in Bankruptcy for Texas on
Q: BANKRUPTCY QUESTION - SPECIFIC LAW EXEMPTING SOCIAL SECURITY BENEFITS IN TEXAS - SCHEDULE C - PROPERTY CLAIMED AS EXEMPT
Andrew Bresalier
Andrew Bresalier
answered on Dec 8, 2011

Texas, as most states, defers to 11 USC 522(d)(10).

2 Answers | Asked in Bankruptcy for Texas on
Q: What types of bankruptcy can be filed in the state of Texas? Are there any specific debts than can not be included?
Andrew Bresalier
Andrew Bresalier
answered on Dec 8, 2011

For a regular person there are two basic types of bankruptcy. A Chapter 7, also called Liquidation or Straight Bankruptcy, and a Chapter 13, also called Reorganization. A 7 takes a few months, and any unexempt property will have to be either purchased back or surrendered to the Trustee. A 13 is... View More

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1 Answer | Asked in Bankruptcy for Texas on
Q: Can my mother keep the margarita machines which were part of the business after she claims bankruptcy?
Andrew Bresalier
Andrew Bresalier
answered on Nov 14, 2011

Depends on how much of the permitted state exemptions she uses. I would suggest you speak with an attorney. Most offer a Free Initial Consultation, during which you can address this and other questions.

If you are not ready for that step yet, make an inventory of everything owned and...
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1 Answer | Asked in Bankruptcy for Texas on
Q: I was wondering if you know if Bookpros located in Austin texas has filed for bankruptcy?
Andrew Bresalier
Andrew Bresalier
answered on Nov 14, 2011

Sign up for PACER at the District Court for the respective jurisdiction. This is a free service, as long as you use less than $10 of services per calendar quarter. Once signed in you can pull up the specific case and review

1 Answer | Asked in Bankruptcy for Texas on
Q: How can I find a copy of bankruptcy papers filed by an ex-partner in 2000 in Tx?

Filed in Texas Eastern - (now out of business)

Andrew Bresalier
Andrew Bresalier
answered on Nov 8, 2011

Sign up for PACER at the District Court for the respective jurisdiction. This is a free service, as long as you use less than $10 of services per calendar quarter. Once signed in, pull up the specific case.

1 Answer | Asked in Bankruptcy for Texas on
Q: Can i find my paSS bankruptcy on line
Andrew Bresalier
Andrew Bresalier
answered on Nov 8, 2011

Sign up for PACER at the District Court for the respective jurisdiction. This is a free service, as long as you use less than $10 of services per calendar quarter. Once signed in, you can pull up the specific case.

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