Latest on the Bankruptcy Blog

If you are employed by a major corporation undergoing Chapter 11 bankruptcy, you may be relieved to find out that things aren’t necessarily as bad as you expect.  Chapter 11 bankruptcy is a form of bankruptcy that results in reorganization, not liquidation.  The difference between these two types of bankruptcy is key.  Let’s spend a  … Read more

It may sound simple, but apparently it’s not so easy for many people sitting in Texas bankruptcy courts today: good money management practices can keep you out of bankruptcy.  Of course, there are many circumstances in which the best money management practices in the world aren’t enough to keep you free and clean.  However, for  … Read more

Did you know that you can file for bankruptcy and keep your mortgage?  It seems a lot of people who are considering bankruptcy are not aware of this fact.  While bankruptcy laws vary from state to state, you can almost always hang onto your mortgage if the circumstances are right. Tell Me More! When you  … Read more

When going through a divorce, there are a lot of concerns involved.  If you and your spouse have joint credit debt or loans, things can get particularly messy.  Not only are you splitting up possessions and joint assets, but you have credit debt to deal with on top of everything. Protecting Your Credit Score As  … Read more

This past week Brian Tamahana posted an excellent opinion piece in The New York Times titled “How to Make Law School Affordable.”  Tamahana, a law professor himself, understands the broken system of law school that sends so many would-be lawyers spiraling into student loan debt.  For many students, bankruptcy starts to look like a dream  … Read more

If you think foreclosure might be in your near future, you’re probably desperate to find foreclosure alternatives.  In nearly all cases, foreclosure is not a good situation.  Though there are a few odd scenarios in which it makes sense, by and large, most homeowners will want to avoid it at all costs. Avoiding Foreclosure The  … Read more

Before you file for bankruptcy, it is required by law that you go through credit counseling.  Some people consider this a burden, but in reality, credit counseling may be one of the best things to happen to you!  When you go through credit counseling, you’ll receive tips and advice on how to practice better money  … Read more

There are so many different forms of bankruptcy, and it can be difficult to know which type is right for your business, should you be facing a dire situation.  While no article can replace the counsel of a professional lawyer, you can do research on your own in order to educate yourself about your options.   … Read more

If you have loans, and they don’t seem to be getting paid off, it’s time to ask yourself some questions.  Are the loans not getting paid off because of your irresponsibility?  Or, are the loans not getting paid off because they are an unbearable financial hardship?  If the reason is in the first, you’re on  … Read more

Offering professional bankruptcy attorney services, we are accustomed to hearing many of the bankruptcy myths that proliferate in our society.  It seems that many people live under the impression that they should file for bankruptcy in order to make all of their problems go away.  This naïve assumption could not be more wrong. Why Bankruptcy  … Read more