In North Texas bankruptcy cases, TRCC stands for “Trustee’s Recommendation Concerning Claims.” This is the point in a Chapter 13 bankruptcy case when the trustee reviews the claims filed in the case and decides if the plan provides enough money to pay all allowed claims. This concept will make more sense if I start my […]
In Chapter 13 bankruptcy debtors file a plan proposing how they would like their debt reorganized. The plan may say that the debtor wishes to discharge certain debts without repayment while repaying other debts. A debtor can propose a plan saying just about anything but the plan isn’t binding until the plan is confirmed and […]
There are two ways that I usually file bankruptcy cases. The first method usually takes one to two weeks. I meet with my client initially during which I explain the bankruptcy process and determine whether it is in their best interest. If they decide to retain me to represent them in their case I give […]
Bankruptcy has several benefits, but for many debtors the biggest benefit is the ability to stop foreclosure of a home or repossession of a vehicle. The reason this is possible is because the Bankruptcy Code has an automatic stay provision which prevents creditors from pursuing collection of debt after bankruptcy is filed without the court’s […]