When people file for a Dallas bankruptcy, they want to know how bankruptcy exemptions will play a role throughout the process. Fortunately, both Chapter 7 and Chapter 11 bankruptcy provide their own set of exemptions for debtors. Understanding exactly how bankruptcy exemptions work can help you keep more of what you own. Without the help  … Read more

While bankruptcy might seem like an overbearing proposition, it is important to know that there are also exemptions available to those filing for bankruptcy. Generally, exemptions will protect some of your property and assets from collection by creditors, which is good for those dealing with bankruptcy. Exemptions can be a great relief to those dealing  … Read more

Filing for Chapter 7 bankruptcy in Texas might, at first, seem like a carbon-copy of the process in other states, but the Texas bankruptcy codes have unique components that must be understood before a filing of this nature can be undertaken. There are many similarities in the process, so one shouldn’t be afraid that a  … Read more

For many people, their vehicle is their main source of transportation to and from work. Without a vehicle, many of us would not be able to make a living. When it comes to seeking bankruptcy protections, there are a few important things to know about keeping your vehicles. The Road To Relief It may come  … Read more

A common fear among debtors considering bankruptcy is the idea of losing assets. This concept is often generated by a myth, and is misleading. While some of your nonessential assets could be used to satisfy debts in a Chapter 7 case, there is no guarantee of such. In fact, Texas bankruptcy laws offer a wide  … Read more

Many people considering bankruptcy often worry about their benefits and whether these fund will be protected. While the bankruptcy process can’t protect everything, it certainly protects the important stuff like government or retirement benefits. Bankruptcy Exemptions The bankruptcy code allows for most of the important assets to be protected from liquidation in bankruptcy, including certain  … Read more

The bankruptcy process is designed to be a tool of help for those struggling with debt. One of the many benefits bankruptcy can offer is the chance to resolve debts with minimal cost to you. Although some of your assets could be used to satisfy payments to creditors, most of your valuables are protected under bankruptcy  … Read more

Even though tax season has been over for quite some time, we are already in the fourth quarter for this year. That means that soon we will begin preparing our tax returns for the year 2012, which could be good or bad news depending on your financial situation. Although many people anticipate and receive a  … Read more

When you file for bankruptcy your financial situation becomes closely examined. The court will need to know the ins and outs of all of your financial details. How much you owe creditors, your income level, how much you have in various accounts and the nature of your assets. So what happens if any of this  … Read more

For most people, the potential for loss of assets is a deterrent from entering the bankruptcy process. Luckily, there is very little actual threat in the way of asset liquidation in most bankruptcy cases. Why? The bankruptcy exemption laws allow for most of one’s personal property to be protected during debt resolution. Federal Or State  … Read more