Although bankruptcy can help reduce the amount of debt owed or even eliminate it, it’s important to know which type to file. This may depend on several factors, including eligibility and the specifics of the person’s financial situation. Individuals filing for bankruptcy often choose either Chapter 13 or Chapter 7 depending on their circumstances. Overview… Read More

More than 50,000 people file for bankruptcy each year in Texas, according to the American Bankruptcy Institute. Other than a shaky economy, what are the causes of bankruptcy? Causes of Bankruptcy: Five Life Events Our firm has handled many bankruptcy cases, and there are common causes of bankruptcy that plague many of our clients. If… Read More

If you’re swimming in debt and often find yourself stressing over how in the world you are ever going to pull yourself out, it may be time to start seriously assessing your situation and contemplate filing for bankruptcy. Just looking at your options and making some decisions can be very empowering. Seven Signs You Should… Read More

There is actually no limit on the number of times you can file for bankruptcy in Texas. However, there is a limit on the number of times the courts will discharge your debts. Most of the time, the only reason people file for bankruptcy is to have their debts discharged, but that isn’t always the… Read More

Secured credit cards are a viable option for those who have recently filed for bankruptcy. Getting a credit card after bankruptcy can help a person rebuild and reestablish credit after wiping out past debts. It is important to understand the function of a secured credit card, as well as the advantages and potential risks of… Read More

If filing bankruptcy when married, joint or separate filing is available. Each comes with certain benefits and drawbacks that couples should discuss with Plano bankruptcy lawyers as they begin the process. There are many rules and laws associated with bankruptcy, which is why it’s so important to have an idea of what the options are… Read More

Getting credit after bankruptcy may be an important part of rebuilding credit ratings, but it should be approached cautiously. With patience and a bit of research, it’s worth the wait and effort to start your new financial life on the right track. Those in need of bankruptcy help during the filing process can consult with… Read More

If filing for bankruptcy, tax returns and refunds may be affected in terms of when the return must be filed and the amount that the individual can receive for the year and in years to come, depending on the type of bankruptcy that is filed. Individuals considering filing for bankruptcy may discuss planning and the… Read More

Luxury debt or cash advances accumulated just before a bankruptcy filing may be counted among the non-dischargeable debt in your bankruptcy. If you frivolously charge debts to your credit card just before you file, you could still be held responsible for the luxury debts or cash advance.  Luxury Debts in Bankruptcy If within 90 days… Read More