The Texas Declaration Regarding Status of Post-Petition Obligations (also known as the Texas Declaration) is a document that is filed in the bankruptcy court as part of the bankruptcy filing process. This document is required by the Texas Bankruptcy Code and is used to establish the legal status of a debtor’s post-petition obligations. Specifically, the Texas Declaration is used to identify which of the debtor’s post-petition debts are secured, unsecured, and/or subject to the automatic stay of collection activities. In general, there are two types of Texas Declaration Regarding Status of Post-Petition Obligations: a Statement of Intention (SOI) and a Plan of Reorganization (POR). A Statement of Intention is a document that the debtor files with the court that outlines the debtor’s intentions regarding their post-petition obligations. The SOI typically includes a list of all the debtor’s creditors and their respective claims and whether the debtor plans to pay or discharge these debts in full. A Plan of Reorganization is a document that the debtor files with the court that outlines the debtor’s plan for reorganizing their post-petition obligations. The POR typically includes a detailed outline of the debtor’s proposed payment plan with creditors, changes to the debtor’s financial structure, and any other necessary changes to the debtor’s financial life. The POR must be approved by the court in order to take effect. The Texas Declaration Regarding Status of Post-Petition Obligations is an important document that provides clarity and certainty in a bankruptcy situation. It helps to ensure that creditors are treated fairly and that debtors are able to make a successful transition back to financial stability.