News Topic: Preparing for bankruptcy

A recent case in Illinois shows us the importance of providing to your attorney a filed copy of your mortgage or deed of trust that is a lien on your real estate, land or home.  Occasionally, clients will have problems in gathering these documents from the ... Read full article

The Basics of Credit Card Debt and Bankruptcy In an economy where housing problems dominate the headlines, high interest credit cards still remain one of the largest issues consumers face in their fight for financial health. It should come as no surprise ... Read full article

In a high-profile example of the bankruptcy court’s discretion over your bankruptcy case, former TLC member T-Boz, whose real name is Tionne Watkins, was thrown out of bankruptcy court.  Can this happen to you? T-Boz had filed a personal Chapter 13 ... Read full article

As a Dallas bankruptcy lawyer, I have clients in all stages of financial hardship. When people come in for a consultation I like to review their situation individually to determine whether bankruptcy  is right for them and when is the best time to file. I ... 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

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

Grounds For Objecting to the Bankruptcy Discharge In the vast majority of cases, the bankruptcy discharge is the primary reason debtors enter the Bankruptcy Court. After all people file bankruptcy to get rid of debt and a court order is certainly an ... Read full article

Grounds For Objecting to the Bankruptcy Discharge In the vast majority of cases, the bankruptcy discharge is the primary reason debtors enter the Bankruptcy Court. After all people file bankruptcy to get rid of debt and a court order is certainly an ... Read full article

As a Dallas bankruptcy lawyer, I see clients from all walks of life come in for help with their financial hardship. No longer is bankruptcy for the unemployed or seriously ill, but many hardworking middle class families are also finding it tough to make ... Read full article

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 ... 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

Bankruptcy is Not an Easy Decision Filing for bankruptcy is not an easy decision for anyone. The process itself is often scary enough and many people simply have no idea what a “free consultation” entails. With all of the paperwork and detailed ... Read full article

Most Chapter 13 cases are not successfully completed and discharged.  This means that there are many individuals who file for Chapter 13 and find themselves unable or unwilling to continue.  Can these filers convert to Chapter 7?  Should they? If you are ... Read full article

Things you shouldn’t do right before filing for bankruptcy If you’ve made the decision to file for bankruptcy, you’re making the choice to get back on track to financial stability. If you know you’re going to file soon, there are a few things you should ... Read full article

Although debtors are typically required to pay at least some of their unsecured debts in Chapter 13, and are required to complete a plan, it may sometimes be strategic to convert a Chapter 7 case to Chapter 13.  When would this be? If a creditor objects to ... Read full article

If you live in California or Florida, your financial problems are probably more serious than if you lived in other states. The large number of residents in these states – combined with home values that skyrocketed and then collapsed – resulted in many ... Read full article

What steps need to be taken when you file for bankruptcy?  How will the thing pan out?  To avoid the fear of the unknown, here is a general run-down of the basic steps of filing for bankruptcy and receiving a discharge. Before you file your petition, you ... Read full article

It is a harsh reality of today’s post-collegiate environment – two-thirds of all students now graduate with burdensome debt that can follow for many years to come. Following a recent news story on CBS Evening News, a comment was made that a student CAN ... Read full article