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What are the requirements to file a Chapter 13 bankruptcy in Texas?
What are the requirements to file for
Chapter 13 Bankruptcy in the state of Texas?
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Answers (1)
Chapter 13 bankruptcy is a reorganization bankruptcy that is designed to help consumers create a plan for repaying debts rather than simply discharging them completely. Depending on your situation, this may be an advantageous form of bankruptcy because it does not put as negative a mark on one's credit report. A Texas bankruptcy, like any other state, has certain nuances specific to the state. In Texas, you must have a "regular source of income" and have some disposable income to apply towards your Chapter 13 payment plan. Moving forward, please consult a Bankruptcy attorney to determine the proper course of action.
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Posted by Jason Tong on 22 Jan 2010
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