Latest on the Bankruptcy Blog

Gigi’s Cupcakes filed for Chapter 11 bankruptcy protection on Jan 4, 2019, and on Jan 25, three weeks later, its holding company FundCorp filed similar paperwork in the Bankruptcy Court in the Northern District of Texas. In a Fundcorp statement, “the delay in the FundCorp filing was due to nothing more than administrative time constraints  … Read more

Dallas Bankruptcy Lawyers regularly face questions for guidance around selling personal property to a family before bankruptcy. Many times, individuals want to sell some of their property such as an automobile or other personal effects to pay for their bankruptcy attorney or bankruptcy fees. While you are allowed to sell property to a family member  … Read more

Hospital Chapter 11 bankruptcy cases have increased dramatically over the past 18 months, and even northwest Dallas hasn’t been able to escape the repercussions of healthcare debt problems. The Promise Healthcare Group, which filed for Chapter 11 bankruptcy reorganization in November 2018 has announced that the Dallas Promise Hospital will now proceed to the auction  … Read more

If you are behind on a debt, or you owe child support, back taxes or a student loan, a court judgment entered against you mandates that a portion of your wages be garnished from your paycheck. This money will be sent directly to the debtor until it is paid off or other arrangements are made.  … Read more

The unsecured creditor extends credit on the faith of the buyers/debtors ability and willingness to pay. If the debtor fails to pay, the creditor has legal means to receive payment from the debtor. If the debtor does not pay voluntarily, the creditor has a few options to take. Unsecured debt are things like credit cards,  … Read more

In 1978 Congress passed the Fair Debt Collection Practices Act (FDCPA) to eliminate abusive practices and regulate the debt collection industry. According to the Federal Trade Commission’s website: Section 802 Congressional findings and declarations of purpose a. Abusive Practices “There is abundant evidence of the use of abusive practices by many debt collectors. Abusive debt  … Read more

You may already have more debt than you can handle, and looking for ways to reduce your payments. Then you see the advertisements come across your social media feed or in your email  for services offering to improve your credit scores or help you repair your credit. They often charge outrageous fees to do the  … Read more

Many Americans are looking for ways to reduce or eliminate their consumer debt. If bankruptcy  is in your immediate future, you may have to attend a mandatory credit counseling program. Credit Card Industry Some large nationally promoted credit counseling services rely heavily on the credit card industry for financial support. So it stands to reason  … Read more

The Bankruptcy Abuse and Prevention Act is a law that went into effect in 2005. Credit card companies strongly supported the new laws, while they didn’t get everything they wanted to be included in the law, they did get a lot of changes to the way people file bankruptcy. Means Test The means test is  … Read more