A Chapter 13 bankruptcy plan allows bankruptcy filers a way to repay their creditors. The bankruptcy plan is usually crafted by the filer, the filer's attorney, and the filer's creditors. 

Once the plan is complete, it must recieve approval from the bankruptcy court. The plan will usually draw a certain proporition of funds from a filer's income. The plan usually lasts 3 to 5 years. 

If you are considering filing for Chapter 13, contact the Austin Chapter 13 bankruptcy attorneys of Slater, Kennon, & Jameson, LLP, at 512-338-1100. 

Steven D. Goldberg's attorney filed for involuntary bankruptcy against Goldberg. The Chapter 7 petition was made on behalf of three companies, including NorAm Capital Holdings of Texas. 

Goldberg received 71 months in prison for a $3.3 investment scheme. The legal controversy allegedly convinced creditors to file claims against Goldberg. 

If you have considered filing for Chapter 7, contact the Austin bankruptcy attorneys of Slater, Kennon, & Jameson, LLP, at 512-338-1100. 

One advantage of Chapter 13 over Chapter 7 bankruptcy is that filers can have full discharge. This means that the bankruptcy court wil put an injunction of the attempted collection or recovery of a debt. 

This form of bankruptcy protection is similar to an automatic stay, which are often used to stop creditors from harassing debtors. Both of these mechanisms are designed to give bankruptcy filers a chance at a fresh start in terms of their finances.

If you or anyone you know has considered filing for bankruptcy, contact the Austin personal bankruptcy lawyers of Slater, Kennon, & Jameson, LLP, at 512-338-1100.

Morris Publishing Group's debt restructuring plan was approved by a bankruptcy judge Wednesday. The newspaper group, which owns 13 daily newspapers in states including Texas, filed for Chapter 11 last month. 

The restructuring plan would help the company get rid of 70 percent of its debt. When Morris presented the plan in court, none of its creditors objected, clearing the way for the judge's approval. 

If your company has considered filing for Chapter 11, contact the Austin bankruptcy lawyers of Slater, Kennon, & Jameson at 512-338-1100.

Some people consider filing for bankruptcy right after they move from one state to another. However, they are often unsure whether they should file in their former or new state. 

If they have not lived in the same state for the past six months, then the filers typically should file in the state where they have lived for the greatest amount of time in the last six months. According to 28 USC Section 1408, the case should be filed where filers have resided "for the one hundred and eighty days immediately preceding such commencement."

If you or anyone you know has questions about where you should file for bankruptcy, contact the Austin bankruptcy lawyers of Slater, Kennon, & Jameson, LLP, at 512-338-1100.

Some investors of Sanford Financial Group are attempting to force the company into bankruptcy. The company's chairman is currently in jail for running an alleged $7 billion Ponzi scheme. 

The purpose of forcing the company into bankruptcy is to allow the investors to have influence over the direction of the company. The issue will likely be ruled on in a Dallas court later this week. 

If your company is considering filing for bankruptcy, contact the Austin bankruptcy lawyers of Slater, Kennon, & Jameson, LLP, at 512-338-1100.

Many people who are loaded with debt often resort to taking out additional loans to pay off the original loans. These additional loans, however, typically come at a high price. 

If a debtor has a high credit score, then additional lines of credit will often include high interest payments. In the long run, this strategy can fail because creditors will stop lending and debtors will be left with an even larger pile of unpaid debts. 

If you or anyone you know has questions about your debt problems, contact the Austin bankruptcy lawyers of Slater, Kennon, & Jameson, LLP, at 512-338-1100.