Latest on the Bankruptcy Blog

The Department of Justice modified the necessary living expense thresholds on April 1, 2022, to reflect a national standard for all bankruptcy cases filed in the United States. A necessary living expense threshold is the point at which an individual’s expenses exceed their income and they are unable to pay their debts. Depending on household  … Read more

A rapid rise in the cases of debt collection lawsuits has both citizens and legal personnel in Texas concerned. The Texas court system is being overrun by debt collection lawsuits filed against citizens that are behind on payments or in debt default. The consequences of this wave of lawsuits are expected to reach far beyond  … Read more