BankruptcyQuestionsNationalBankruptcyForum

If Your Debts Are Mostly Secured, Should You File for Bankruptcy?

01/16/12

Many people who have considered bankruptcy are aware of the fact that bankruptcy treats secured and unsecured debts very differently.  If most of your debt is secured, should you even consider bankruptcy? If not, what are your other options? Secured debts are debts that are attached to your assets.  A home mortgage is a good [...]

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Will I Lose My Tax Refund if I File Bankruptcy?

01/16/12

‘Tis the season when bankruptcy trustees are taking tax refunds. Potential tax refunds MUST be disclosed on your petition just like your couch and car.  Not disclosing your State and Federal tax refund is often a sure way to forfeit your tax refund.  The problem with tax refunds is usually there is no specific exemption [...]

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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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Aurora Bankruptcy Lawyer Describes Bankruptcy, Chapter 7 and Credit

01/13/12

The United States has become a credit type of society where everyone needs credit, everybody wants credit and everybody fears that, without credit, they will not be able to function.  I’ve had people come to see me and wondered, if they give up their house and file a Chapter 7 bankruptcy, will anybody let them [...]

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After Bankruptcy: Get Organized and Start to Rebuild

01/12/12

As a Dallas bankruptcy attorney, I find that many people leave bankruptcy with little knowledge of what to do next. Obtaining a fresh start is great, but knowing where to go and what steps to take next are crucial for financial success after exiting bankruptcy. Organize Your Documents The best thing anyone can do after [...]

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After Bankruptcy

01/12/12

As a Dallas bankruptcy attorney, I find that many people leave bankruptcy with little knowledge of what to do next. Obtaining a fresh start is great, but knowing where to go and what steps to take next is crucial for their financial success after exiting bankruptcy. Organize Your Documents The best thing anyone can do [...]

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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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Can I obtain a new loan while I am in Bankruptcy?

01/10/12

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 to ask nicely first [...]

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Quick Guide to Fees and Costs Associated With Filing Bankruptcy

01/08/12

Chapter 7 Fees Chapter 7′s typically take about three months from start to finish. Your lawyer would normally charge from $800.00 to $2000.00, depending on several factors such as how many people are filing, how much debt you have and what types of debt you have. Chapter 13 Fees Chapter 13′s typically run from three [...]

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