Latest on the Bankruptcy Blog

If you are like most people you probably have a few New Year’s resolutions in mind. Now is the perfect time to take action as we roll into a fresh new year to have the life you have dreamed of, and that includes financially. Take these few simple steps to ensure your 2017 is one  … Read more

Anyone looking to seek debt relief in bankruptcy will soon learn that the process is much more involved than most people assume. From the seemingly endless questions down to the finite detail of your income, debts, assets and property, it can seem overwhelming. While most people are guided by their Fort Worth bankruptcy lawyer in  … Read more

Did you know that some debts aren’t eligible for bankruptcy, while others may be eligible but receive special treatment? While it is true that tax debts fit into one of these two categories they can actually be part of both categories, just not at the same time. In other words, there are times when tax  … 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

 It’s not uncommon for businesses who file bankruptcy to fall back into it again. That’s precisely what has happened to the Los Angeles based clothing manufacturer, designer and distributor as they file Chapter 11 bankruptcy for a second time. This marks the second time that American Apparel has filed for Chapter 11 within just one  … Read more

Dallas bankruptcy attorneys are individuals that have passed the bar exam in the state in which they practice and who have a J.D. or Law degree. Most of the time, bankruptcy attorneys work in either consumer bankruptcy, which focuses on helping individual debtors file bankruptcy, or commercial bankruptcy, which instead focuses on filing Chapter 11  … Read more

Perhaps one of the top five myths about bankruptcy is the notion that bankruptcy will ruin your credit score. While it is true that a bankruptcy filing is reported to and will show up on your actual credit repair the idea that the bankruptcy filing itself damages your credit is false. Here is why: 1.  … Read more

There are a few options for resolving your debt problems from simple snowball style balance payments to bankruptcy, and everything in between. One option often considered by those looking to eliminate the financial hardship is debt consolidation. While this option may appear to be an easy solution for resolving multiple debt obligations, it is important  … Read more

The decision to file bankruptcy can be a tough decision, and some would say that deciding the right time to file bankruptcy can be even tougher. Filing bankruptcy doesn’t have to be a difficult or painful process however. Because of the long lasting financial and legal implications of filing bankruptcy it’s important to get help  … Read more

Every marriage is different, especially when you consider the diversity in ownership of property, income, savings, and other assets both before and after the marriage. A common question, with this statement considered, is can I file a bankruptcy without my spouse? That is, can only one of the two individuals that are married file separate  … Read more