BankruptcyQuestionsNationalBankruptcyForum

Handling Loans In Bankruptcy

11/07/11

As a Fort Worth bankruptcy attorney, many of my clients ask about which types of loans can be managed in their bankruptcy case. Although each bankruptcy is different and each loan debt is different, there are a few general rules I offer about how loans are discharged in bankruptcy. Unsecured  Loans An unsecured loan is [...]

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Ten Things to Consider When Talking To Debt Collectors

11/04/11

No one enjoys repeated phone calls from mysterious numbers with voice messages containing the following: “we are calling to discuss an important business matter concerning [you!]” .  There are a few things to know when speaking to a debt collector that can help you understand your rights and their motivations. 1. Debt collectors are not [...]

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MF Global company headed by former New Jersey Governor Jon Corzine files bankruptcy owing billions.

11/04/11

MF Global filed bankruptcy amid allegations of misconduct followed shortly by the resignation of former New Jersey Governor and U.S. Senator from his Chairman and CEO position at MF Global. The former Goldman Sachs executive could not save a troubled business that owes more than a billion dollar to Chase, about a billion to Deutsche [...]

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Which Bankruptcy Is Best?

11/03/11

Texas bankruptcy filings have shifted quite a bit over the last year. The number of Chapter 13 bankruptcy cases has increased, while the number of Chapter 7 cases has decreased. Although some of these differences could be attributable to tightening of the qualification standards for Chapter 7, many people are finding themselves financially able to [...]

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Five Things Not to Do When You Owe Too Much Money

11/02/11

When a layoff or catastrophic, unmanageable debt begins to pile on, many people look to extreme or knee-jerk reactions in finding solutions to manage their financial situation without first consulting an attorney or financial advisor.  Here are five common conundrums to keep yourself from acting on when you owe more than you can afford and [...]

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Lien Stripping In Chapter 13 Bankruptcy

11/01/11

Avoiding a Second Mortgage in Bankruptcy As a consequence of the decline in the real estate market many clients are asking about the status of their second mortgages. It is not understood by most lay people under what circumstances a second mortgage can be “avoided.” The most common second mortgage scenario in my practice for [...]

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Should I File Bankruptcy After Foreclosure?

11/01/11

Bankruptcy After Foreclosure The primary reason that a consumer would file bankruptcy after going through foreclosure is to protect against a deficiency judgment. With foreclosure rates at an all time high, many homeowners have heard that losing a home in foreclosure is not necessarily the end of the road and unfortunately, they’re right. Deficiency Judgments [...]

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Deciding Which Bankruptcy Chapter Is Appropriate

10/29/11

Bankruptcy may provide some relief to a borrower under financial stress and overwhelmed with debt. Typically, there are two types of bankruptcy available to a debtor, Chapter 7 bankruptcy and Chapter 13 bankruptcy. The requirements and benefits offered by the two types of bankruptcy differ greatly. ATampa bankruptcy attorneycan explain the differences between the two [...]

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Will Bankruptcy Get Rid of My Small Business Debts?

10/28/11

Small Business Debts & Bankruptcy Your business is in trouble and you want to know whether filing personal bankruptcy is necessary or whether you can just walk away without fear of your creditors chasing behind you. First thing first, identify whether you’ve personally guaranteed your business debts or whether your business entity protects you from [...]

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Small Business Bankruptcy and Debt

10/27/11

An excellent article from the legal website JD Supra about Small Business Bankruptcy and debts. It is very important to always give complete information to your bankruptcy attorney about who is responsible for the debt of your business.  For example, did you personally sign and guarantee the debt, or did you just sign the debt [...]

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