Local malls are losing retail stores due to bankruptcies. In the last month, Payless shoes and Charlotte Russe are the latest in the long list of stores to announce it has filed for Chapter 11 bankruptcy protection. Stores Closing Within the last couple of years, we have seen Sears, Brookstone, Gymboree, Claires, Davids Bridal, Toys … Read more
Exemptions are protected assets that cannot be taken by the bankruptcy trustee or creditors. When you have decided to file for bankruptcy protection, you will want to talk to an experienced Plano bankruptcy attorney to ensure you get all the exemptions you are entitled to under the law. Review Your Assets You do not lose … Read more
If the person you are going to marry has recently filed bankruptcy or considering waiting until you are married to file, there are a few things you should know before you start your future with a fresh financial start. If Filed Before Marriage If your fiance filed for bankruptcy before you were married, his credit … Read more
Many bankruptcy filers are more concerned about getting rid of their debt then they are of the credit counseling legally required before your bankruptcy can be closed. Since you have to attend this meeting, you might as well gain some long term benefit from it. Financial Planning When you find yourself overwhelmed in debt, often … Read more
When you want to keep your assets such as a home or vehicles you may not want to file for Chapter 7 which will liquidate your assets and pay your creditors. Chapter 13 bankruptcy involves reorganization and repayment of all or most of your prior debt. The plan is court approved and takes approximately five … Read more
You want to prevent your home from appearing among the Dallas Texas foreclosure homes for sale list but you cannot raise the necessary funds to stop the mortgage company instigating the foreclosure process. Few things can be more stress-inducing than the thought of losing your home. Thankfully, the US Congress foresaw this very event happening … Read more
When completing your bankruptcy petition in perpetration to file bankruptcy in Texas, you must tackle a large amount of paperwork. Among the required paperwork are lists of financial information called schedules. Schedules give debtors a “template” if you will, to list all their debtors, property, income, and expenses for the US bankruptcy courts. Contained in … Read more
When you find yourself paying several lenders, and it seems like your whole check is being sent out, you might consider a debt consolidation loan or filing bankruptcy. Consolidation loans are usually secured by the equity in your home or other assets. Since the loan is secured, the interest rates may be better, and a longer … Read more
The automatic stay is an essential component of bankruptcy. The goals are the debtor’s fresh start and the creditor’s fair treatment. By stopping individual collection activity by creditors, the automatic stay prevents the reduction of the debtor’s assets and saves them to be surrendered to the trustee for equal dismemberment. The stay applies to all … Read more