News Topic: BankruptcyQuestionsNationalBankruptcyForum

When Creditors Ignore the Bankruptcy Discharge Creditors who attempt to collect on debts that have been discharged in bankruptcy often find themselves in serious hot water with the Bankruptcy Court.  Bankruptcy judges take the discharge order very ... Read full article

As Dallas bankruptcy attorney, I have many clients that seek help with resolving business debts. While business bankruptcy and personal bankruptcy are similar processes, there are important distinctions that should be considered. Business Debts and  Assets ... Read full article

Follow These Steps to Pay Down Your Credit Card Debt Perhaps like many Americans your New Year’s resolution involves paying down credit card debt. After all, even the most ardent supporter of the plastic hears that little voice in the back of their head ... Read full article

Bankruptcy Debtors Shielded From Collection Activity If you’ve spent any time reading National Bankruptcy Forum, you know that once a bankruptcy case is filed creditors are prohibited from contacting the debtor. Thanks to a powerful court-ordered ... Read full article

Reaffirmation Agreements in Bankruptcy Although most consumers file bankruptcy, eliminate their debts and don’t look back, some find it more convenient to keep paying on loans that were in place prior to their bankruptcy. Some go as far as to renew their ... Read full article

As a Dallas bankruptcy lawyer I get many clients who are confused by the bankruptcy process. While it isn’t meant to be inherently difficult, many people make mistakes prior to even filing that could jeopardize the success of their case. I like to sit down ... Read full article

As a Dallas bankruptcy lawyer I get many clients who are confused by the bankruptcy process. While it isn’t meant to be inherently difficult, many people make mistakes prior to even filing that could jeopardize the success of their case. I like to sit down ... Read full article

Can I leave some creditors off of my bankruptcy? No. Any creditor whom you owe a balance to must be listed on the petition.  Does this mean you should go pay off all the credit cards that you want to keep? No. Even with a $0.00 balance the credit card ... Read full article

That ranch in Montana is calling your name. Or maybe it is that Montana ski chalet.  Unfortunately, if you’ve filed for bankruptcy, property in Montana may see like a distant dream. That light feeling you get after filing bankruptcy is all that stress ... Read full article

A person is judgment proof when under the laws of their state, a judgment creditor (lawsuit plaintiff) has no practical ability to force payment of the judgment. In North Carolina, which does not have generally available wage garnishment statutes, a ... Read full article

You’ve done your best to keep your head above water, managed your debt to the best of your ability and finally come to the realization that it is time to declare bankruptcy and get a new start for you and your family. One of the first decisions that ... Read full article

Lien Stripping in Chapter 13 Bankruptcy For our readers playing along at home, the basic rule with mortgage modification in bankruptcy is as follows: first mortgages on a debtors primary residence cannot be modified by filing for bankruptcy, however, ... Read full article

Debt Collectors Offering Credit Cards With a Catch… Just when you thought debt collectors couldn’t get any lower, that they couldn’t be any more obnoxious or unethical, they started offering credit cards in exchange for paying expired debt. Yes, you read ... Read full article

“A full-fledged recovery in the housing sector will likely elude the U.S. in 2012.” — Frank Nothaft, chief economist for mortgage-finance company Freddie Mac A rising number of foreclosures and a stagnant economy add up to another difficult year for ... Read full article

I get this question regularly (weekly) from  a lot from Montana small business owners who are considering small business or personal bankruptcy. The answer is: it depends. For many Montana small business owners the line between personal and business ... Read full article

As taxes are filed and refunds start coming in by mail and direct deposit, attorneys and consumers seeking bankruptcy protection need to lend a careful eye toward refund protection.  Many people have already spent the refund check in their mind with ... Read full article

Even though you may be somewhat familiar with the term bankruptcy, the actual filing of this procedure is governed by federal laws, as well as some state regulations. Therefore, in most cases, it is advised that you use an attorney if you are considering ... Read full article

Previously, I discussed the bankruptcy rule that employers cannot fire or otherwise discriminate against employees because they filed for bankruptcy.  However, I also mentioned the difficulty in sometimes proving the causation element between the filing ... Read full article