Bankruptcy Blogs

Chapter 13 Bankruptcy Basics

09/26/11

As a bankruptcy attorney in Dallas, I get a lot of questions about the difference between Chapter 7 and Chapter 13 bankruptcy. Many people ask me about the changes in the bankruptcy laws and how they will affect their debt relief options. Although some people may not qualify for Chapter 7 bankruptcy, Chapter 13 can [...]

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Bankrupt Airline Flies Again on TV

09/26/11
Associated Press
An image release from ABC shows the cast of “Pan Am.”

Pan American World Airways landed in bankruptcy and shut down two decades ago, but the airline took off aga

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Life After Bankruptcy

09/26/11

The good news is there is life after bankruptcy!  Although filing a bankruptcy, either Chapter 7 or Chapter 13, will have a negative initial impact on your credit score, filing a bankruptcy case does not mean that you will never be extended credit again.  You will be able to re-establish and re-build your credit after [...]

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The Daily Docket: Lehman Fees Top $1.36B

09/26/11

The fees charged by the army of lawyers, accountants and consultants working on Lehman Brothers Holdings Inc.’s Chapter 11 case topped $1.36 billion last month as the estate paid $34 million in professional bills. Read the Daily Bankruptcy Review article here.

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Benn And The Tax Refund Exemption In Bankruptcy

09/26/11

Sometimes a  strategy causes more harm than good.  Many long-accepted Missouri bankruptcy exemptions have become uncertain or been lost due to one such case.  This is the story of how one strategy blew up to create dangerous  uncertainty for consumers. Bankruptcy exemptions dictate what stuff is protected from a bankruptcy trustee.  As allowed by federal [...]

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Will I Lose My Job Because I Filed for Bankruptcy?

09/26/11

Will I Lose My Job if I File for Bankruptcy? It is prohibited under the bankruptcy code for a person to be fired because they have filed bankruptcy.  Now, I have never in my years had a client complain that they were let go because the employer subsequently found out about the bankruptcy.  Even if [...]

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8 Eye-Opening Secrets That Reduce the Pain of Bankruptcy

09/26/11

SECRET #1: Most people keep all their property. Illinois law allows you to keep your home, cars, furniture, appliances, employer sponsored retirement and other things you need to get a fresh start. While there are limits to the values of what you can keep, typically you are not required to give up anything. In general, [...]

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