Bankruptcy Means Test Income Figures for Texas
On April 1, 2021, the Median Family Income used in the Means Test Calculation to determine your eligibility to file a Chapter 7 Bankruptcy case will change in Texas. The median family income figures are periodically adjusted and published by the Census Bureau. To...
Means Test
In order to determine your eligibility for a Chapter 7 Bankruptcy, you will need to pass the "Means Test." This test compares your income to the median income of the same household size in your state. Your previous six months income is used when calculating the Means...
341 Meeting of Creditors
Section 341 of the Bankruptcy Code provides for a Meeting of Creditors during the case. This is commonly referred to as a "341 Meeting" or the "Meeting of Creditors." In Chapter 7 and Chapter 13 cases, the meeting generally occurs about 30 days after the case is...
What is Bankruptcy?
In certain situations, Bankruptcy may provide the best option for resolving your outstanding debt and obtaining a fresh start on your financial future. For consumers, there are typically two types of Bankruptcy available. First is Chapter 7, in which most of your...
Oilfield Master Service Agreements
For those who have spent any time working in the oil and gas industry, whether as a representative of an E&P company or a service provider, odds are that you have heard of MSAs. MSAs (short for Master Service Agreements) are pervasive in the industry and it is...
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