bankruptcy

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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Bankruptcy, Workout and Creditor Representation

01/01/12

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Texas Bankruptcy Exemptions

12/21/11

As a Dallas bankruptcy lawyer, I help people resolve their debts and protect their assets through bankruptcy every day. When it comes to asset protection, there are two ways your personal property could be protected in bankruptcy. Federal bankruptcy exemptions offer basic asset protection for anyone in the United States filing for bankruptcy, while state [...]

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Texas Bankruptcy Exemptions

12/21/11

As a Dallas bankruptcy lawyer, I help people resolve their debts and protect their assets through bankruptcy every day. When it comes to asset protection, there are two ways your personal property could be protected in bankruptcy. Federal bankruptcy exemptions offer basic asset protection for anyone in the United States filing for bankruptcy, while state [...]

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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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How Can Bankruptcy Turn the Tables for the Debtor

12/14/11

How Can Bankruptcy Turn the Tables for the Debtor When people consider filing for bankruptcy, their first concern is usually what negative consequences may stem from their decision.  Making the decision to file for bankruptcy is an important one, and one that needs to be given considerable weight.  However, it is also important to see the [...]

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Giving up Property in a Bankruptcy and Ethical Dilemmas for Lawyers

12/13/11

Believe it or not, the vast majority of bankruptcy lawyers, I would say 95% or higher, take their ethical obligations very seriously. We value the oath that we took when we received our license and honor it daily by dispensing advice in the best interests of our clients. Like doctors advising lifestyle modifications or prescribing [...]

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Time to File for Bankruptcy? Part I – Don’t Bankrupt Your Health

12/13/11

There’s no “right” time to file because everyone is different, and so is their situation. There are guidelines to help you decide and we’ll talk about them in this and following blog posts. This post is about your health because it’s more important than your money. Ask yourself these questions: Do you feel like debt [...]

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Dismissals by Interested Parties

12/04/11

Bennett v. Bennett (In re Bennett), No. 09-44442-BDL (Bankr. W.D. Wash., January 19, 2011). When you file for bankruptcy, any “interested” party can ask the court to dismiss your case.  If the court finds that you abused the bankruptcy laws, by lying or hiding assets, the court will agree and dismiss the case.  You will [...]

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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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