When you find yourself in a desperate financial situation where filing for bankruptcy is no longer a choice, then it’s time to shift focus on minimizing your financial losses. You can do this by learning more about the provisions under which you qualify to file for bankruptcy. You can do so under Chapter 7, or  … Read more

In most cases, you lose little to no property when you file bankruptcy. When people think of “going bankrupt,” they think they will lose their property and be homeless. This is not the case; everyone who files bankruptcy will be able to keep most if not all of their property. The type of bankruptcy you  … 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

The Bankruptcy Abuse Prevention and Consumer Protection Act of 2005 signed into law by President George W. Bush, stipulates that many types of retirement plans, including IRAs, are exempt assets in bankruptcy proceedings and they may not be used to satisfy creditor demands. Inflation Adjustment As of April 1, 2016, the inflation-adjusted IRA exemption is  … Read more

Texas bankruptcy exemption is designed to allow you to keep certain property such as equity in your home, your automobile, tools of your trade, household furniture, firearms, clothing, and even the family bible. Many individuals ask their bankruptcy attorney in Texas about checking accounts and whether or not the money inside these banking accounts can  … Read more

Declaring bankruptcy could mean that you are going to be involved with not only your state government but also the federal government according to the bankruptcy laws of the state in which you file. During your bankruptcy you are going to learn that you have certain debts that may be exempt. How this is determined  … Read more

When you are entering into a bankruptcy no matter whether it is a Chapter 7 or Chapter 13 you are allowed some exemptions. Exemptions mean property that you are allowed to keep. These are very important to everyone that is going into this type of debt relief. Usually one of the first questions a client  … Read more

You will hear of many different terms and options throughout your bankruptcy proceedings. They can be difficult to understand, but at the same time can refer to the bankruptcy proceedings that may be very important to you. This is one of the reasons why you want to be sure to use a good Fort Worth  … Read more

There are several ways that your property can be protected in a bankruptcy. This is one of the reasons why it is important to rely on the services of an experienced bankruptcy attorney. You need to know what your rights are under this form of debt relief and make sure they are properly represented. Texas  … Read more

No matter whether you are filing for a Chapter 7 or a Chapter 13 bankruptcy, exemptions are very important. Using the services of a Fort Worth bankruptcy lawyer will help you to understand what you may be eligible for, and will help to ensure you don’t make any mistakes in your application. The outcome of  … Read more