News Topic: BankruptcyQuestionsNationalBankruptcyForum

A disturbing pattern has seen by our law office where we had repetitively met clients who were only told about Chapter 13, and never was informed about their qualification under a Chapter 7 liquidation. They client’s income was seen and was told by a ... Read full article

As a Dallas bankruptcy attorney, I warn my clients to think twice about payday loans. Not only do they carry poor interest rates that will cost you much more in the end, if you default on the loan you could end up in serious financial trouble. The Secured ... Read full article

A Chapter 7 bankruptcy case can last anywhere from three and a half to five months.  It is really going to depend upon the nature of your Chapter 7 case, whether or not the trustee is extending the time to object, whether or not it’s being put over for ... Read full article

A common misunderstanding when a person files for bankruptcy is that they lose all their belongings. This is not true. A person filing bankruptcy is entitled to keep their belongings that are necessary for everyday living. This can include furniture, ... Read full article

As a bankruptcy attorney in Dallas, my clients always want to know how to get a start fresh after their bankruptcy. I tell them the same 4 goals that I advise everyone to follow at the start of a new year. As the end of the year is approaches one thing ... Read full article

In a recent case decided by the 9th circuit (In re Defrantz), the court ruled that the debtor has an absolute right to convert his chapter 13 case to a chapter 7 case. The creditor argued that the court should have considered the creditor’s motion to ... Read full article

If you have recently sought bankruptcy protection, you might be wondering, what now? Or maybe you are considering filing for bankruptcy and wonder what happens after your debts are discharged. As a bankruptcy attorney in Dallas, I teach my clients that ... Read full article

Now you may not have a lot of available money outside of that Chapter 13 payment that you can take home, but that is the price you pay when you enter into a Chapter 13 repayment plan.  All of your disposable income, not including your necessary expenses, ... Read full article

It’s a nasty habit. Even an addiction. It costs a fortune. And it’s causing bankruptcies to skyrocket. What is it? Buying things on credit, aka buying things “on time.” Here’s what often happens. (Does the following sound familiar?) You start charging ... Read full article

(NOTE: This information refers to credit counseling other than what is required for bankruptcy pre-filing credit counseling. Talk to the Fonfrias Law Group for approved agencies.) SHOCKING FACT #1: Credit counselors work for your creditors, not for you. A ... Read full article

There is no debtor’s prison in the United States.  You are not going to go to jail for not paying your bills, unless those bills were incurred by a serious crime, fraud, embezzlement, something of that nature.  However, you can go to jail if you do not ... Read full article

The general answer is no.  You have to list all the people that you owe money to, including every single one of your credit card issuers.  Even credit card issuers who are not owed a debt are going to find out about your bankruptcy filing.  Those creditors ... Read full article

Absolutely not.  You cannot sign your spouse’s signature, and you should not sign your spouse’s signature on anything.  This goes beyond bankruptcy law.  This is just common sense.  The documents that are prepared are prepared for both you and your ... Read full article

The creditors’ meeting, otherwise known as 341 meeting, is a procedural step in every Chapter 7 and Chapter 13 bankruptcy. In a typical 341 meeting, the debtor will be asked questions under oath by the bankruptcy trustee with respect to his or her ... Read full article

I see many clients each day as a Dallas bankruptcy attorney and I advise all of them to ask themselves one question: Is bankruptcy right for me? Of course many people do not know the answer to that question upon walking in, but it is my hope that they can ... Read full article

I as a bankruptcy attorney cannot under the law advise you to borrow money, to take out a loan, to acquire any property on credit.  I am obligated to follow the bankruptcy code and am I prohibited from advising a client to take out credit or obtain a loan ... Read full article

Conspicuously absent from the bankruptcy filing is mention of the $500 million dollar loan that the federal government made.  The only thing filed is a notice of appearance.  Two class actions were filed under the WARN Act (Worker Adjustment and Retraining ... Read full article

As a bankruptcy attorney in Dallas, Tx I am asked by many clients if bankruptcy is their only option. My answer is always “No”. One of the biggest problems in the bankruptcy industry is people not advising their clients on all of their options. Educated ... Read full article