Bankruptcy Basics
What you’ll find here is a clear, Texas-focused introduction to bankruptcy—what it is, how it works, and who it helps. These articles explain key terms, common myths, and the big picture so you can understand your options before taking the next step.
Will I Still Get Child Support if the Other Parent Files Bankruptcy?
The Short Answer No, you will still get child support if the other parent files bankruptcy. Bankruptcy cannot erase child support in Texas. The law treats it as a protected, high-priority obligation that survives Chapter 7 in full. The back support they owe stays owed,…
What Happens to My Cryptocurrency if I File Bankruptcy in Texas?
The Short Answer If you file Chapter 7 in Texas, the court treats your cryptocurrency as property the trustee can potentially sell to pay your creditors. Whether you keep it comes down to two things: what it is worth on the day you file, and…
Can I Keep My Tax Refund if I File Chapter 7 in Texas?
The Short Answer In many Texas cases, yes, you can keep your tax refund when you file Chapter 7, but it comes down to timing and how you protect it. A refund tied to income you earned before you file can become part of your…
Can I File Bankruptcy Twice in Texas?
The Short Answer Yes. You can file Chapter 7 twice in Texas, but the discharge you need to wipe out your debts is only available 8 years after your first Chapter 7 filing date. That is the rule under 11 U.S.C. Section 727(a)(8), and it…
Does Bankruptcy Affect My Spouse’s Credit in Texas?
The Short Answer No. Your bankruptcy does not appear as a bankruptcy on your spouse’s credit report if you file solo in Texas. But joint accounts, cosigned debts, and community property debts can still affect their credit and their liability. What ends up on their…
Can I Give Money to Family Before Filing Bankruptcy in Texas?
The Short Answer No. Money you give to family before filing bankruptcy in Texas can be clawed back by the trustee, sometimes years after the transfer. Family members are treated as insiders under federal law, which means the lookback windows are longer and the scrutiny…
Can You File Bankruptcy After a Hurricane in Texas?
The Short Answer Yes. Filing Chapter 7 bankruptcy after a hurricane in Texas can wipe out credit card balances, medical bills, and personal loans while protecting your home, retirement, and vehicle under Texas’s generous exemptions. It also stops foreclosure, repossession, and collection calls the day…
Do You Pay Taxes on Debt Discharged in Bankruptcy in Texas?
The Short Answer No. Under IRS Topic 431, debt canceled in a Title 11 bankruptcy case is excluded from your gross income. That means a Chapter 7 discharge is not taxed. Debt canceled outside of bankruptcy, such as through a settlement with a credit card…
Am I Being Sued by Jefferson Capital Systems?
The Short Answer Yes. Jefferson Capital Systems is a real debt buyer and they really are suing you or preparing to. In Texas, you have until 10:00 am on the Monday after 20 days from the date you were served to file a written answer,…
Can Bankruptcy Get Rid of a Judgment Against Me in Texas?
The Short Answer Yes. Bankruptcy clears a judgment in Texas by discharging the debt behind it. Chapter 7 wipes out the debt in three to four months. If a creditor placed a judgment lien on your homestead, bankruptcy can strip that lien off entirely under…
Let’s Talk About a Fresh Start
If you’re facing overwhelming debt, the team at Bankruptcy Texas is here to help you file for bankruptcy with confidence and dignity. From start to finish, we provide the legal guidance and resources you need to move forward. We offer a free consultation to review your situation, explain your legal options, and answer your questions. If you are ready to take the next step toward financial recovery, we are ready to help.
We serve clients across Texas from our offices in Arlington, Midlothian, Lubbock, and Cleburne, as well as surrounding cities including Dallas, Fort Worth, and Grand Prairie.
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