Latest on the Bankruptcy Blog

If you have a considerable amount of IRS tax debt, you may be at a loss for what to do. Unfortunately, most tax obligations cannot be erased in Chapter 7 bankruptcy, and even those that can are subject to conditions. Here are some guidelines for determining whether your tax debt is dischargeable in Dallas bankruptcy.  … Read more

Those who are new with the bankruptcy process may find it intimidating. The bankruptcy procedure, which is sometimes viewed as the result of poor financial management and carelessness, is actually designed to help residents. The provisions of bankruptcy were created to assist persons who have been subjected to severe financial hardship in regaining their financial  … Read more

People who are facing financial difficulties are generally concerned about more than simply their rising debts and inability to pay them. People are frequently concerned about losing their property and possessions as a result of the process. Although some non-essential property may be liquidated to satisfy a debt in bankruptcy, there are other ways to  … Read more

If you have ever faced problems with debt, you know just how inviting all of the relief options can be. There are numerous options for getting out of debt, each with their own benefits and risks. When it comes to debt relief, not all results are created equal. Some debt relief results may not be  … Read more

For many people, Chapter 7 Bankruptcy is a better choice than Chapter 13 bankruptcy. This is because most of the debt is immediately cancelled following the filing, the filing period is shorter, and the process is much more straightforward. In order to qualify for a Chapter 7 bankruptcy, you must pass what’s called the means  … Read more

It is not uncommon for people who have fallen into financial troubles to take out a second mortgage on their home. Taking out a second mortgage on the home is not uncommon for people who find themselves in financial difficulty. This typically lowers their monthly payments or free up additional credit within the loan to  … Read more

Debt consolidation involves combining several high-interest debts into one low-interest loan. This can result in lower monthly payments, simplified monthly payments, and a reduction in interest. A personal loan or a home equity loan is often used to consolidate debt. There are also companies that offer debt consolidation services. These companies work with your creditors  … Read more

A debt discharge in bankruptcy is the legal release of a person from most of the debts they owe. A discharge in bankruptcy is granted to a person who has filed for bankruptcy protection and has been found to be eligible. A discharge in bankruptcy releases a person from all of their unsecured debts. Secured  … Read more

The word bankruptcy often brings feelings of fear and thoughts of failure. Many people assume that the bankruptcy process is simply a punishment for struggling with finances. Fortunately, that is a lie. The truth is, most people who seek bankruptcy are there through little fault of their own. Family are obligations, medical illness and job  … Read more

Since the start of the COVID-19 pandemic, nearly a million Americans have died as a result of the virus. Millions more are dealing with the illness’s long-term consequences, including as serious health issues, inability to work, and job loss. When you can’t pay your medical expenses and your health continues to deteriorate, your alternatives for  … Read more