Latest on the Bankruptcy Blog

A creditor who cannot reach the person responsible for debt owed to create a repayment plan or if the person is delinquent on his account for any other reason, the creditor may be allowed by the courts to directly take repayment from an employer. This is known as wage garnishment. The debtor will never see  … Read more

Bankruptcy protects consumers and businesses who cannot pay their debts by easing the burden on both the indebted and creditors. There are two types of bankruptcy: liquidations and reorganizations. Liquidity is a term that refers to assets. Liquid assets include things that can be sold, and illiquid assets are those items that cannot be accessed  … Read more

Staring down the tunnel of debt and declaring chapter 7 bankruptcy is absolutely overwhelming at times. As a result, many people try to lessen the blow by cashing in their retirement funds or other forms of investments. There is a common belief that bankruptcy may be held off by dipping into invested funds early and  … Read more

When making the decision to file bankruptcy, you need to be sure that it is the best option for your financial circumstances. Working closely with a qualified bankruptcy attorney helps ensure you get the results you deserve by lowering or eliminating your debt. In addition, having a Dallas bankruptcy attorney involved in your case helps  … Read more