Latest on the Bankruptcy Blog

As an alternative to credit negotiations, many people attempt to pay off multiple debts such as student loans themselves. It is possible to consolidate your loans, which groups existing loans under the umbrella of a larger, new loan that is used to pay off the existing loans. As with any money management decision, there are  … Read more

In 2011, AMR’s stock was trading for less than $1. Now in March 2013, stock value is hovering around $3.88. While bankruptcy has a negative connotation in the minds of many Americans, AMR’s Chapter 11 bankruptcy filing has proven to be a good thing for investors. With the freedom to reorganize and merge with US  … Read more

With medical debt burdening one in five Americans and causing over 60 percent of bankruptcies, it’s no wonder there’s been a political and populist outcry over health care! As employers begin trimming health coverage and costs continue to rise, more families are seeking the advice of a Dallas bankruptcy attorney to relieve their financial stress.  … Read more

When homeowners fall behind on their mortgage payments, the threat of a foreclosure or bankruptcy becomes overwhelming. To avoid these problems, many homeowners decide to pursue a short sale. Despite the name, short sales can take up to several months to materialize. Even after all the time and effort, however, just one mistake can lead  … Read more

According to a recent survey released by Reuters, over two-thirds of American households are living paycheck to paycheck. And the consumer debt statistics are just as bleak. With so many Americans struggling to develop a workable budget, it’s no surprise that many find a need for bankruptcy and many more seek the advice of a  … Read more

According to the latest reports by the Federal Reserve, US consumer debt is up in 2013. During the month of January alone, debt was up $16.2 billion. This brings the national total to $2.8 trillion, a new record. The two largest contributors to this growth in debt are student and car loans. Fortunately, credit card  … Read more

Though the United States is recovering economically, millions still face the ultimate American nightmare: foreclosure. Regardless of income level or neighborhood, foreclosures can happen anywhere and affect anyone. The process begins when a homeowner begins missing their mortgage or loan payments and their lenders make legal moves to repossess the property to recoup lost funds.  … Read more

Most people use a mortgage modification to avoid a home foreclosure. While helpful in terms of financing your home, a mortgage modification also poses a risk to your credit score. However, becoming delinquent on mortgage payments causes damage to your credit as well, creating a tough choice for homeowners who are falling behind on their  … Read more

When people file for a Dallas bankruptcy, they want to know how bankruptcy exemptions will play a role throughout the process. Fortunately, both Chapter 7 and Chapter 11 bankruptcy provide their own set of exemptions for debtors. Understanding exactly how bankruptcy exemptions work can help you keep more of what you own. Without the help  … Read more

Owing money on back due domestic support obligations can lead to swift action and steep consequences. In Texas, the laws regarding collecting unpaid domestic support payments are severe. Delinquency on a domestic support order can lead to property liens, wage garnishment, suspension of a driver’s license and bank account seizure. While this type of debt  … Read more