Federal court order stopping collection, foreclosure, repossession instantly upon filing. See Automatic Stay.
Liquidation bankruptcy. Texas generous exemptions mean most filers keep everything. 3-4 months. See Chapter 7.
Repayment plan, 3-5 years. W.D. Tex. 62.6% dismissal rate. See Chapter 13.
Texas doctrine: most property and debts acquired during marriage belong equally to both spouses.
Reducing a secured debt to collateral value. Vehicle loans older than 910 days can be crammed down in Chapter 13.
Court order eliminating personal liability. Protected by the discharge injunction (section 524).
Texas: unlimited homestead, vehicle if needed for work, $100K personal property (family), unlimited retirement. No federal option.
Unlimited value, 10 acres urban / 100 acres rural. Among the best in the nation.
Income formula for Chapter 7 eligibility. Texas 1-person median: $60,840.
Texas foreclosure method. No court needed. Can happen in ~21 days. Emergency filing may be the only way to stop it.
Chapter 7 case with nothing for the trustee to sell. The vast majority of Texas cases thanks to generous exemptions.
Voluntary agreement to keep paying a dischargeable debt to retain collateral (usually a vehicle).
Court-appointed administrator. Ch. 7 trustee looks for non-exempt assets. Ch. 13 trustee distributes plan payments.
Federal court order stopping collection, foreclosure, repossession instantly. Section 362.
Texas doctrine: most property and debts during marriage belong equally to both spouses.
Texas: unlimited value, up to 10 acres urban / 100 acres rural. Your home is fully protected.
Income formula comparing your income to Texas median ($60,840 for 1 person) to determine Chapter 7 eligibility.