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Showing posts from November, 2024

Bankruptcy lawyers in San Antonio Texas to help you navigate bankruptcy complexities with confidence

Bankruptcy provisions are primarily mentioned under Title 11 of the US Bankruptcy Code, which outlines the various types of bankruptcy filings, the processes involved, and the protections afforded to debtors and creditors. One of the primary purposes of bankruptcy is to provide a discharge of debts , meaning that the debtor is no longer legally obligated to pay certain debts. The specific debts that can be discharged vary depending on the type of bankruptcy filed Below types of bankruptcy cases are frequently dealt with by bankruptcy lawyers San Antonio in Texas.       Eligibility for bankruptcy can depend on factors like income, type of debt, and previous bankruptcy filings. For Chapter 7, your bankruptcy lawyer in San Antonio will inform you that you must pass a Means Test that assesses your income against the median income in your state. It compares your average monthly income over the last six months to the median income for a similar household in your state. If your income is b