Latest on the Bankruptcy Blog

The bankruptcy process can be intimidating to anyone dealing with overwhelming debts. Most people fear the process under the assumption it will lead to worse consequences. The truth is, not paying your debts will always lead to worse outcomes than filing for bankruptcy. In fact, most of the fears associated with bankruptcy are based on  … Read more

Last week, news broke about several big credit card companies who have been ordered to pay restitution to many customers for charging outlandish fees. Visa and MasterCard are currently involved in a $7.3 billion settlement, while Chase and a few others are involved in a $100 million settlement. While some consumers are aware of the  … Read more

San Bernardino is the third of California cities filing for Chapter 9 bankruptcy in the last two months. After having determined they would not be able to meet city payroll obligations this month, the City Council declared themselves financially insolvent. With the increase in municipal bankruptcy filings, many Californians are left wondering what is happening  … Read more

While most of us are aware that credit card companies are persistent with their debt collections, not everyone is aware that they can even sue. Yes, a credit card company can sue you over the collection of your unpaid credit card bill. However, this is usually not their first line of collection and you do  … Read more

Massachusetts residents struggling with mortgage debt and at the risk of foreclosure may soon find some peace of mind under a new House Bill. Last, week legislature attendees voted unanimously in favor of House Bill 4323, designed to prevent unlawful foreclosures. All In Favor? Both the Massachusetts House and Senate voted all in favor of  … Read more

When American Airlines filed for bankruptcy earlier this year it shook the industry and many local economies. As one of the biggest economic contributors in the Dallas-Fort Worth area, American Airlines job layoffs and cutbacks for consumers posed a great threat to locals. As more terminal leases were cancelled and routes eliminated, many employees and  … Read more

If you’re dealing with credit debt, then you’re probably sick of how it weighs you down and controls your life.  Credit debt can be a burden on your shoulders, and plenty of people (worst of all, creditors) are reminding you of the burden day after day.  However, it doesn’t have to be like that!  While  … Read more

Many people think that the bankruptcy process ends when the gavel comes down and your case officially goes through.  While a verdict is technically the end of the bankruptcy process, in reality it’s just the beginning.  Once you have filed for bankruptcy and had your case approved, you still have a long way to go.   … Read more

In all of our experience with Fort Worth bankruptcy, loans, and finances, we’ve learned a few lessons that we feel are important to share with others.  As we’ve dealt with hundreds of cases – all unique from one another – we’ve seen people in a variety of financial situations, all struggling with different hardships.  However,  … Read more

Filing for bankruptcy can cost you some money.  Between filing fees, court fees, and legal fees, the process isn’t exactly cheap.  However, the freedom found in solvency is always worth the cost.  In fact, those costs start to look like a mere pittance once you find the freedom of living a life without debt!  But,  … Read more