Debts by fraud are not dischargeable when filing for bankruptcy; those who accumulate debt they have no intention of paying back will still be responsible for it after bankruptcy. Using credit cards irresponsibly and accumulating luxury debt right before you file for bankruptcy is a red flag, … [Read more...]

Unfortunately, credit fraud may be presumed under certain circumstances. For instance, if you purchase luxury items of $500 or more on a credit card less than 90 days before filing for bankruptcy or take a cash advance of $750 or more, less than 70 days before filing, it is presumed to be … [Read more...]

You should be aware of the bankruptcy exemptions in your state if you are filing. When you file for bankruptcy, your assets may be sold in order to pay off creditors for the amount of debt you owe.  Each state has different laws as to the types and amounts of assets that can be excluded from sale, … [Read more...]

Filing for bankruptcy is a serious decision. Although it can discharge some debts and stop harassment from creditors, it stays on a credit report for up to 10 years, damaging filers' credit. However, what happens when a homeowner is behind on mortgage payments and does not want to lose his or her … [Read more...]

If you’re faced with the possibility of filing bankruptcy and don’t know where to turn or how to proceed, a bankruptcy attorney from one of the hardworking law firms in Dallas, TX, can help you navigate the process and get back on the road to financial independence and self-sufficiency. A lawyer … [Read more...]

If you’re in financial dire straits, you may consider the possibility of filing for bankruptcy, but the process is more complicated than simply deciding that it’s time to go ahead with filing. One stumbling block that many people encounter is in the difficulty of deciding between Chapter 13 vs … [Read more...]

Many mistakenly believe that it’s impossible to get credit after declaring bankruptcy, when the case is quite the opposite. In fact, you’re likely to be issued offers by several credit card companies after your case has been closed. That doesn’t mean, however, that you should take any offer that … [Read more...]

Your Texas bankruptcy filing is finalized, you have a clearer financial situation and now it’s time to get back on your feet. One of the first things you’ll hear when it comes to advice on life after bankruptcy is that you need to start reestablishing good credit – but where to begin? One of your … [Read more...]

The United States Bankruptcy Court divides most states into separate districts to help organize the local court systems for handling bankruptcy claims. For Dallas residents, we reside in the Northern District of Texas that also includes the divisions of:   Abilene; Amarillo; Fort Worth; … [Read more...]

There are many events in our lives that have a “best time of year” to do them in. There are times when planting a garden is better than others, and it’s probably a better idea to work on your tan in the summer rather than the dead of winter – but what about filing for bankruptcy?  Bankruptcy … [Read more...]