One misconception about bankruptcy is that your reputation will be ruined. Many people assume that their personal information is at risk or that filing for bankruptcy will put them in the spotlight among family, friends and employers. In fact, nothing could be farther from the truth. Safeguarding Your Information While your bankruptcy case does become  … Read more

The bankruptcy process is not intended to be scary. In fact, it was designed with the debtor in mind. However, there are some things to be considered before choosing to file for bankruptcy; but a little knowledge can go a long way. Chapter 7 vs. Chapter 13 Many people seeking bankruptcy relief often view Chapter  … Read more

There is a range of income and debt levels in Dallas bankruptcy cases. In fact, no two bankruptcy cases are alike. This is because each person’s financial situation is different. Luckily, filing for bankruptcy can offer protection for just about any level of debt. Considerations The most influential factor in a bankruptcy case is your  … Read more

Those who receive government benefits like Social Security or veterans assistance may be wondering what will happen to these funds if they file for bankruptcy. Although this is a valid concern, there is generally not anything to worry about. Income Determination The way bankruptcy works is by comparing your income to the total of your  … Read more

Many people that are considering filing for bankruptcy in Dallas may be wondering which type of bankruptcy is the best option. While either can provide you with a fresh start, they both come with very different risks and benefits. Chapter 7 If you qualify for Chapter 7 bankruptcy chances are you have very little disposable  … Read more

You may have been asked by a friend or family member to co-sign on a loan. Don’t do it! While it can be tempting to help out a friend or loved one in need, chances are you could be setting yourself up for some serious consequences. Just Say ‘No’ Think about this: why would someone  … Read more

The majority of Dallas bankruptcy cases are brought on through unavoidable financial hardships. Many hardworking people have suffered at the hands of the recession and failing housing market. While bankruptcy can provide the relief people need, it shouldn’t be the first option considered in the fight against debt. The Green Light Although debts are stressful  … Read more

There has bee some attention to the role marriage places when filing for bankruptcy, but that only covers how a married couple should proceed with the process. More specially, filing together or separately in marriage carries different risks and benefits. But, what about getting married during an active bankruptcy? Two Become One As a single  … Read more

No one ever sets out to end up in bankruptcy, but there are unforeseen circumstances that can lead to financial hardship. While bankruptcy can be a valuable tool for resolving debts, there are some rules in place to avoid abuse of the system; one of which is how often you can file. Needing More Help  … Read more

Filing for bankruptcy is not an easy decision for most people. Besides having misconceptions about the process and their futures, many people simply don’t want to admit they need help. However, a smart money manager knows the signs of financial trouble and recognizes when action is needed. Helping Yourself There is nothing wrong with needing  … Read more