Latest on the Bankruptcy Blog

With the soaring cost of production compared to stagnant commodity prices, agricultural experts expect the number of Texas bankruptcy cases filed by farmers to rise in the coming years. Because farmers make up the backbone of America’s food dependency and security, the US Bankruptcy code outlines a special chapter of bankruptcy sole for insolvent farmers,  … Read more

Student debt among Americans has skyrocketed over the past decade. Growing by 130% since 2008, student debt has become the #2 largest debt in the US, second only to mortgage debt. In a recent report, Millennials coming out of college are being affected by student loan debt, by having to put off starting a family,  … Read more

With employment numbers looking positive across a number of sectors in addition to lower taxes, numerous Americans have found themselves with extra money. For those who are carrying credit card debt, you may be wondering whether you should place it in saving or pay down that credit card balance. While every person’s financial situation is  … Read more

The Container Store, a Northwest Dallas, TX-based specialty Retail Company has averted a Texas bankruptcy this month in what financial experts are calling a rare comeback. The company was able to cut borrowing costs and extend a term loan helping to bolster its market price and avoid having to consider a Texas bankruptcy filing. Investors  … Read more

As a requirement to filing bankruptcy, you must take a credit counseling course approved by the US Bankruptcy Courts. You must take this course within 180 days of filing for either Chapter 7 or Chapter 13 bankruptcy in Texas. While this course is relatively quick and painless, the provider of the credit counseling course must  … Read more

The Container Store, a Northwest Dallas, TX-based specialty Retail Company has averted a Texas bankruptcy this month in what financial experts are calling a rare comeback. The company was able to cut borrowing costs and extend a term loan helping to bolster its market price and avoid having to consider a Texas bankruptcy filing. Investors  … Read more

The 341 Meeting of Creditors is a pinnacle of the Dallas Bankruptcy process, but it’s not the end of the bankruptcy journey, however. The meeting of creditors is rightfully seen as the second major hurdle of a Texas bankruptcy with the first being the collection of information that must be included in your initial petition  … Read more

As a requirement to filing bankruptcy, you must take a credit counseling course approved by the US Bankruptcy Courts. You must take this course within 180 days of filing for either Chapter 7 or Chapter 13 bankruptcy in Texas. While this course is relatively quick and painless, the provider of the credit counseling course must  … Read more

They say timing is everything and this couldn’t hold truer than when deciding to file for a Dallas bankruptcy. The majority of bankruptcy cases emerge after an individual has experienced a life-changing event such as a prolonged illness, loss of employment, after being sued, or after a divorce. While this seems like an appropriate time  … Read more

Fort Worth firefighters and police representatives piled into town hall this week to discuss the fate of the city of Fort Worth’s underfunded pension plan.  The city stated that in order to keep up with payments it needed to raise an addition $50 million dollars in order to prevent the pension from going bankrupt in  … Read more