While bankruptcy laws have made it possible for individuals and businesses to restructure their financial portfolios, filing for a business Chapter 7 petition is definitely something you don’t want to do alone. Working with a Dallas bankruptcy attorney can help you determine nuanced legal and financial matters such as whether your business can continue to  … Read more

In today’s economy, it’s no longer enough just to watch after your own finances. For many people, one of the most alarming moments isn’t managing their own budget, but discovering that their employer has filed for Business Chapter 7 bankruptcy. Unlike Chapter 11, Business Chapter 7 means that your employer is shutting down and terminating  … Read more

The sole purpose of bankruptcy is to provide you with debt resolution and relief from liability over old debts. This is generally done at the time of debt discharge, meaning your debts become uncollectible once the court rules the completion of your case. However, there are instances in which debt could be collectible after your  … Read more

Filing for bankruptcy requires some time and patience. There are several “hoops” to jump through from qualifying to completion, all of which is guided by some very specific rules.  One of the first of these hoops is the means test in Chapter 7 bankruptcies. Determining Eligibility When filing for Chapter 7 bankruptcy, you will be  … Read more

Credit cards are one of the most common sources of debt among Americans today. Although not the main factor behind bankruptcy cases, they certainly can contribute to an already fragile financial state. When it comes to using credit cards and filing for bankruptcy, there are a few things you should know. The Rules The timing  … Read more

Tough times are impacting all of us and many people simply cannot afford to meet their financial obligations. The bankruptcy process can be a way to start fresh and regain control over their financial lives. However, anyone considering filing for Chapter 7 should be advised about the basics before filing their petition. How To Prepare  … Read more

In many areas devastated by the foreclosure crisis families have been sent through the ringer looking for help. Luckily, filing for bankruptcy is one option that can help stop a foreclosure and assist in developing a plan to get caught up on mortgage debts. Keeping Your Home If you are considering filing for bankruptcy to  … Read more

Because the bankruptcy process is based on your debt and income levels, changes to these amounts can drastically affect your case. Therefore, it is important that you know and follow a few rules when you file for bankruptcy in Dallas. Money Problems Your income level is one of the main determining factors in how your  … Read more

Anyone looking to file for bankruptcy understands that there are two types of personal bankruptcy available. However, most people may not know the differences between them or which one will better serve their financial situation. Not Apples-to-Apples The most commonly sought form of bankruptcy is Chapter 7. This is because most people experiencing financial hardship  … Read more

Many people filing bankruptcy in Fort Worth ask about which type of bankruptcy is best for them. While either type of bankruptcy is likely to be helpful to those with large debt burdens, they each come with different considerations. Consider This The biggest consideration with Chapter 7 is the qualification standards. Not everyone is eligible  … Read more