Re: To file BK or not TX.

Posted by LadynRed (199.91.33.254) on March 17, 2004 at 14:04:05:

In Reply to: To file BK or not TX. posted by MSM on March 17, 2004 at 13:19:40:

Filing for BK, or having a BK on your credit reports should NOT have any effect on an existing checking account.

The major impact on in getting credit, it will be tough for a few years post-bankruptcy, but not impossible. You just have to embark on serious credit repair and rebuilding post-discharge.

In TX, one vehicle per licensed driver is EXEMPT in BK.

The judgment most definitely gets included and discharged. Once you have your discharge, you (or your lawyer) files a Motion to Vacate with the court holding the judgment and it goes bye-bye. Its not a LOT of extra work, but may cost a bit extra in legal fees to have the paperwork done and filed.

Retirement accounts, as long as they are ERISA-qualifed, are 100% exempt.

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