Bankruptcy Myths

Are Consumer Bankruptcy Attorneys Biased Towards Chapter 13 Bankruptcy?

01/27/12

Are Consumer Bankruptcy Attorneys Biased? In my experience, absolutely not. In fact, consumer bankruptcy attorneys are among the most dedicated the legal profession has to offer, performing what is sometimes a thankless job for people who are under tremendous stress both financially and emotionally. However, like any large group, there are areas that the consumer [...]

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SHOW ME THE BANKRUPTCYYYYYYYYYY!

01/24/12

You probably are more familiar with that line in its original form, “Show me the moneyyyyyyyyyyy!” as screamed over the phone by “Jerry Maguire” the sports agent played by Tom Cruise in the movie of the same name.  Well, now the real life sports agent that inspired the Jerry Maguire character, Leigh Steinberg has declared [...]

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Chapter 7 Myths

01/24/12

As a Dallas bankruptcy lawyer, I face clients each day that carry a lot of fear over the bankruptcy process. While filing either type of bankruptcy can be scary for anyone, Chapter 7 does have some additional considerations that tend to make people shy away. It is difficult to qualify Many people have heard that [...]

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Using Bankruptcy to Restore Your Driver’s License

01/13/12

Losing Your Driver’s License Can be a Big Headache Losing your driver’s license can have a huge impact on your life.  Without a license, meeting basic needs is much more difficult.  Suddenly, you may still have to make car payments, but cannot use your car to get to work or the store.  This can be [...]

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Can Your Financial Choices Lead to Divorce and Bankruptcy in Arizona

01/13/12

Joint Accounts for Married Couples:  Can Your Financial Choices Lead to Divorce and Bankruptcy? Several surveys report that the majority of married couples put all of their money in joint accounts.  However, that number is less than it used to be, and there are several other options available to married couples. Some couples choose to [...]

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Can I Obtain a New Loan While I am in Bankruptcy?

01/10/12

New Debt in Bankruptcy? Often individuals in a Chapter 13 Bankruptcy ask if they can take on new debt during the years they are under a Plan of Reorganization. Either the car lease is up or a mortgage modification would help improve cash flow. You can incur new debt in Chapter 13 but you have [...]

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Bankruptcy Myths Debunked

01/05/12

As a Fort Worth bankruptcy lawyer I encounter clients each day that express concern over their future after filing for bankruptcy. Unfortunately, there are many myths and misconceptions about bankruptcy that float around and scare people away from taking advantage of the benefits bankruptcy can offer. Common Misconceptions One fear most people express is that [...]

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What is Bankruptcy?

12/16/11

Bankruptcy Relief Hasn’t Always Been Available Bankruptcy is a process under federal law whereby individuals as well as businesses can shed unmanageable debt and start over. Under the right circumstances, filing for bankruptcy can provide tremendous relief, however, for much of history, the concept of discharging debt was quite foreign. Historically, individuals who could not [...]

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The Power of the Bankruptcy Court

12/04/11

 In re: Moser, No. 09-11945 (Bankr. N.D. Calif., May 18, 2011). In your interactions with the bankruptcy court, it is important to be as kind and respectful, and honest as possible.  The bankruptcy court has a lot of discretion in making important decisions that will influence your life for a long time.  It is not [...]

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Can I discharge back utility bills through the bankruptcy process?

11/25/11

When people are current with their utility bills, utilities rarely become an issue in bankruptcy.  That is because Section 11 U.S.C. § 366(a), prohibits utility companies from discriminating against people based solely on bankruptcy filing.  However, often being current is not the case and people seek to discharge their back utilities debts through bankruptcy. You [...]

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