When filing for Chapter 7 bankruptcy relief, the court assigns a bankruptcy trustee who gives the debtor a number of instructions that they must follow in order to obtain the ultimate goal of a Chapter 7 bankruptcy: discharge of unsecured, non-priority debt. If you failed to adhere to any of the court’s orders then your  … Read more

While Chapter 7 bankruptcy is a highly sought after form of debt relief, many clients worry about losing their home as a result of filing Chapter 7 bankruptcy. Therefore, it’s important to know what happens to a home you own when you file Chapter 7 bankruptcy.  Keeping Your Home Keeping your home in Chapter 7  … Read more

A Chapter 7 bankruptcy can offer those struggling with severe debt burdens a fresh start by eliminating debts within a matter of months. Often referred to as a “straight bankruptcy” the court can grant a release of liability from some types of debt after any non-exempt assets are liquidated to satisfy a portion of the  … Read more

There is a wealth of information out there about Chapter 7 bankruptcy, but in most cases people don’t take the time to research the basics or consult with a Dallas bankruptcy lawyer about the process. When making such a big financial decision it helps to start at the very beginning. It is important to understand  … Read more

There are many situations in life that a leave us in financial ruin: a divorce, the loss of a job, an unexpected illness or injury, or perhaps even a combination of all three at the same time. Lucky, lawmakers a long time ago realized that these unexpected events can happen to anyone at anytime and  … Read more

Often, individuals believe that bankruptcy is the best approach to relieving their debt problems. These people are also intimidated by the thought of filing, and while it is a complex and strenuous process it can be broken down into small steps to help better understand bankruptcy and to ensure that your case is not dismissed.  … Read more

The best thing about a Chapter 7 bankruptcy is that you have the ability to eliminate certain types of unsecured debts that may be holding you back, such as unpaid medical bills and other debts such as personal loans that are unsecured and even credit card debt. If the court rules in your favor and  … Read more

Most often when individuals are filing for bankruptcy they soon become confused as to which chapter they should choose. Really what it comes down to is what chapter do they qualify for and this is going to be determined by the criteria that are set for these forms of bankruptcy relief. Usually individuals that qualify  … Read more

 Most people view bankruptcy as a last resort whether it is on a personal level or a business level. They do not look at it as being a beneficial way to assist their business. They view it as a way of perhaps satisfying their debts so that they are not held responsible and can close  … Read more

There has been a lot of talk that the chapter 7 bankruptcy laws have been tightened up so much that nobody can qualify anymore. This is not true, but in order to avoid delays and many potential problems using a Dallas bankruptcy attorney is the better route to go. In this process many if not  … Read more