Latest on the Bankruptcy Blog

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