Latest on the Bankruptcy Blog

Many people view bankruptcy as a passive process, leaving all the effort and responsibility in the hands of others. The truth is that there are several things you will need to do, and some things to avoid, to ensure you have the best chance at a successful debt discharge. Be honest when filing your petition  … Read more

If you have been through the Dallas bankruptcy process you probably are relieved to be back on solid financial footing. Now that your debts have been satisfied and delinquent account standings resolved you are in the unique position to rebuild your credit. Here are a few tips for maximizing your future at new credit: 1.  … Read more

Six Flags Fiesta Texas patrons will get another season of thrills and spills at the San Antonio theme park. Offering guests a range of games, rides and roller coasters, Six Flags Fiesta Texas is home to some 26 million guests each year. Now that its parent company has shred debt and boosted revenue, the park  … Read more

Debt is something most of us carry, and too many of us face hardship over. While some level of debt is actually beneficial for your credit profile, there are limits before it comes detrimental. If you are dealing with overwhelming debts and looking for a way out, here is what you need to know about  … Read more

Each New Year we make goals for our personal and financial lives, which often include something about spending less and saving more. As a Dallas bankruptcy lawyer, it is important to stress to consumers the importance of prioritizing savings account. Not just for a rainy day, but that unexpected job loss or medical illness that  … Read more

This week in bankruptcy news: a report was released illustrating which U.S. cities have filed for Chapter 9 bankruptcy since 2008, and how state laws regulate the ability to file for municipal bankruptcy. And on the same token, Detroit’s filing continues to keep center stage in municipal bankruptcy talks. Read the full stories below: Which  … Read more

Many people are under the impression they can  manage their debts on their own. While some people can be successful reducing their debt burdens, many fall into one of the several traps lurking in the debt relief industry. Working with a debt relief professional seems like the safest bet for finding reliable solutions to your  … Read more

You might have heard that you should keep all of your tax records for at  least seven years. While this rule is a good one for most people, there are some additional considerations for why you may want to keep them indefinitely. 1. Audits— the IRS has a statute of limitations of three years for  … Read more

Not all debt is bad debt, but it certainly can be when balances become too high or financial hardship strikes. One way to go about resolving issues surrounding debt repayment is negotiation. As you may well know, or could have at least guessed, lender negotiations aren’t that easy. How To Negotiate Some people will advise  … Read more

This week in Texas bankruptcy news: Plano based restaurant chain Furr’s files for voluntary Chapter 11 reorganization, while a judge orders Comcast Houston into its own Chapter 11 filing. Read the full stories below: Parent of Plano-based Furr’s Fresh Buffet files for Chapter 11 bankruptcy Judge places Comcast SportsNet Houston in bankruptcy