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Blog Posts in August, 2010

Number of Bankruptcies Filed Increases in First Half of 2010

In the first six months of 2010, it has been reported that the number of bankruptcies filed in the United States increased by over 14% when compared to the same six-month period in 2009. Data ...
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Truvo Debates with Creditors over Chapter 11 Filing

News sources say that AllianceBernstein LP and two other Truvo USA LLC creditors have objected to the directory publisher's bankruptcy plan. The creditors assert that it is based on a "collusive ...
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What Happens After You File Your Bankruptcy Petition?

After you have filed for Chapter 7 bankruptcy in Houston, several things will happen. The first thing that will happen is the court will enter an automatic stay order which will do two things 1) ...
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What is Foreclosure?

When people default on their home loans or mortgages, there lenders have the right to initiate the foreclosure process. Foreclosure is a process by which a financial institution or mortgage company ...
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Filing Fees for Chapter 7 and Chapter 13 Bankruptcy

Whenever people file for bankruptcy, whether Chapter 13 or Chapter 7, they will have to pay fees to the court. Generally speaking, the fees include a $245 case filing fee, a $39 miscellaneous ...
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Chapter 13 Repayment Plans

In Chapter 13 bankruptcy cases, people must submit a proposed repayment plan to pay back their creditors any debt they owe. Once this planned is agreed upon by consumers and creditors, the consumers ...
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Why File for Chapter 7?

If you are struggling with your debt in Houston, you may be wondering what you options are and how you can deal with your unsecured debt. One option you have is filing for Chapter 7 bankruptcy. At ...
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The Purpose of Bankruptcy Laws

Bankruptcy laws exist for many reasons and are controlled by the federal government. The laws are in place to ensure consumers throughout the country have a legal plan they can utilize to overcome ...
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