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The oldest federal civil building in Texas, the 1861 Customs and Courthouse in Galveston, once housed the Southern District of Texas. Federal Courthouse in Galveston that housed the court & its predecessor, from 1891–1917 [2] Since its foundation, the Southern District of Texas has been served by forty-one District Judges and six Clerks of Court.
Besides being familiar with bankruptcy laws, the attorney should be familiar with the local laws of the court where your bankruptcy case will be filed. Bankruptcy procedures tend to vary from ...
Key takeaways. There are two common types of bankruptcy: Chapter 7 and Chapter 13. Filing for bankruptcy is a time-consuming process that can take years to stop affecting your finances.
How does bankruptcy affect your credit? Both Chapter 7 and Chapter 13 will bring your credit score down significantly. If you start out with a credit score of 700 or higher, point losses of 200 or ...
Types of bad-faith bankruptcies include those in which a new company is created for the purpose of filing bankruptcy, and when a company uses bankruptcy for an improper purpose, such as reducing debts that it would be able to pay outside of bankruptcy. [1] When a court rules that a bankruptcy was filed in bad faith and dismisses it, the company ...
The disadvantage of filing for personal bankruptcy is that, under the Fair Credit Reporting Act, a record of this stays on the individual's credit report for up to 7 years (up to 10 years for Chapter 7); [5] still, it is possible to obtain new debt or credit (cards, auto, or consumer loans) after only 12–24 months, and a new FHA mortgage loan just 25 months after discharge, and Fannie Mae ...
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