Hiding inheritance in bankruptcy – or hiding any asset for that matter – is one of the bad decisions people may make when they are going through the bankruptcy process. Always follow Texas bankruptcy laws, and come to Plano bankruptcy attorneys with any questions that may arise to ensure … [Read more...]
Spendthrift Trusts: Protecting Inheritance During Bankruptcy
Spendthrift trusts may be helpful for individuals who file for bankruptcy in Texas but who later receive an inheritance shortly after filing for bankruptcy. In many cases, it is likely that assets from an inheritance received within 180 days of filing for bankruptcy will be used to pay off … [Read more...]
Brunner Test Overview
The Brunner test is a way to determine if certain types of debt can be discharged based on hardship. Bankruptcy does not eliminate all types of debt such as student loans, so tests like these may be used to determine if the debt can be discharged. A Look at the Brunner Test To determine if you have … [Read more...]
Top Bankruptcy Myths That Should Bite The Dust – Once And For All
There is no doubt that declaring bankruptcy is an emotionally difficult step. As a bankruptcy attorney, I have witnessed numerous times how good, hard-working people can fall on hard times and be swamped by unmanageable debts. Sometimes, filing for bankruptcy is the only option of getting back on … [Read more...]
3 Things You Should Avoid When Filing Bankruptcy
Filing for bankruptcy may be your only option if you are unable to meet your financial obligations. Talking with an attorney can help you to decide if this is right choice, and what type of bankruptcy would be in your best interest. What You Shouldn't Do When Filing for Bankruptcy While there are … [Read more...]
10 Things You Shouldn’t Do When Filing for Bankruptcy
There may come a point when you have done everything you can to redeem your financial situation. But if you have hit a brick wall, the only choice left could be to file for bankruptcy. To shed the best light on your situation, you may think that omitting or falsifying information is the right … [Read more...]
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