Filing for bankruptcy can be a great resource for those who are financially insolvent. While many people worry about the fate of their assets, there are some laws that offer protection over much of one’s property. These bankruptcy exemption laws can be surprisingly thorough depending on which exemption is claimed. Federal vs. State Federal exemption  … Read more

One misconception held by many is that filing for bankruptcy will cause you to lose everything you own. While in some bankruptcy cases you may risk  losing some assets to creditors, much of your property can be protected through bankruptcy exemption laws. Each state varies on the amount of property that is protected during bankruptcy,  … Read more

Did you know that Texas has some bankruptcy laws that are unique to Texas? Do you know how Texas is different in terms of the bankruptcy exemptions it offers?  Most people have no idea that states differ in terms of the way the handle bankruptcy. Each state has variations of bankruptcy law and states may  … Read more

The biggest misconception people have about filing for bankruptcy is that they will lose everything they own. In some cases, people may be required to sell some of their assets in order to pay creditors, but this is not always the case. Texas is one of a few states that have many property exemptions, which  … Read more