The bankruptcy process is riddled with many documents, meetings and steps that must be completed in order to obtain a debt discharge. The initial step in the bankruptcy process is to complete a bankruptcy petition, which lists all of the debts, assets, income and expenses. The petition, along with several other schedules and documents, outline  … Read more

When seeking bankruptcy protection there are two potential outcomes you should know about. You may have your case discharged, in which you would be resolved of your debt liability. Having your debts discharged through a Chapter 7 bankruptcy eliminates your debts and requires your creditor to erase your debt balance. Your account standing will no  … Read more

The record breaking temperatures and continued drought conditions are increasing the heat in our pockets as well as the outdoors. Triple digit temperatures have begun to put pressure on regional farmers and ranch owners. With virtually no rain for nearly three months, land owners are beginning to feel the financial pressure. Lost Profits During already  … Read more

It is no secret that Texas doesn’t run with the pack on most issues. We Texans tend to follow our own lead and do things a bit differently than the rest. Bankruptcy is no exception. Texas has some very important variations of bankruptcy laws that we all should learn. Eligibility When filing for bankruptcy in  … Read more

Is your debt burden becoming unbearable? Are you unable to make your payments on time, or have missed one or more payments? You may be reviewing your options for finding a debt relief solution that works for you. Although there are several options available for debt relief, they each possess different risks and advantages and  … Read more

You  might be surpised to know that bankruptcy laws are not the same in each state. Although federal bankruptcy laws provide some consistent guidelines for state bankruptcy laws, each state has some lead way in their interpretation and application of federal bankruptcy laws. The biggest area of variation among bankruptcy laws between states has to  … Read more

This turbulent economy has not been very forgiving for many Americans.  Thousands of hard working people have been borrowing more money to make ends meet and keep their house out of foreclosure. Many people are now suffering the devastating effects of overwhelming debt they cannot afford to repay. Fortunately, bankruptcy is one option that can  … Read more

You can’t afford to pay your bills. You are drowing in debt. Now that you have decided to file for bankruptcy protection, you are wondering how you are going to pay for the cost of filing for bankruptcy.  Although there are some costs associated with filing for bankruptcy, remaining in debt will cost you far  … Read more

There are many types of debt that are not dischargeable through bankruptcy. Further, other types of debts may be considered top priority for repayment in a Chapter 13 plan. For many individuals that have broken the law, they may be court ordered to pay restitution for their crimes. It is not uncommon for some to  … Read more

Filing for bankruptcy can be a confusing process full of many terms and words you may not have heard before. Preparation is always important when it comes to making big decisions, especially when the decisions are about your money. Understanding some of the more common terms can make the process of filing for bankruptcy much  … Read more