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...]
Protecting Disability Benefits in Chapter 7 Bankruptcy: A Texas Guide
Have you ever found yourself in the midst of a financial storm, hoping and praying for a life raft? Yes, we’re talking about the perfect storm–bankruptcy. Going through a bankruptcy might feel like you’re stranded in open seas amidst a never-ending storm that threatens to put you—and all your … [Read more...]
12 Non-Dischargeable Debts in Bankruptcy You Need to Know
As a bankruptcy attorney here in Dallas, I often get emails like the one I got from Dennis with a subject line: "Can Filing for Bankruptcy Help?" Dennis's Story Dennis and his wife had lived comfortably for many years until a medical emergency wiped out their savings. Then a downturn in the … [Read more...]
Bankruptcy Alternatives
Bankruptcy, particularly, Chapter 13 bankruptcy is a useful tool in stopping a foreclosure and getting your loan caught up. If you fall behind on your mortgage, the mortgage lender will eventually consider the loan in default, demand the full balance of the mortgage, and give notice of foreclosure … [Read more...]
5 Questions to Assess Your Financial Danger Zone
Bills are mounting, payments are late, more are due at the end of the month, and anxiety sets in – this is what the brink of a financial danger zone is like. When financial problems become an issue in your life, how do you know when it’s time to just juggle the budget or look into filing for … [Read more...]
What is “zombie debt”?
When you file for bankruptcy, you do so expecting that the process will yield the discharge of certain debts and a fresh financial start. Some may find that some of their debts are not being recognized as discharged following bankruptcy. This type of debt is sometimes known as “zombie debt” because … [Read more...]
Are Personal Injury Judgment Dischargeable in Bankruptcy?
Dealing with a personal injury judgment is challenging, whether you’re the injured person or the one facing the judgment. If you’re injured, you count on that money judgment to cover large medical bills, lost wages, and pain. If you’re the one who owes the judgment, it may feel overwhelming and … [Read more...]
Bankruptcy: Does Declaring This Discharge Credit Card Debt in Texas?
For consumers who are looking for debt relief, filing for bankruptcy could be the best way to discharge credit card debt and start over with a clean slate. When considering filing for bankruptcy, consumers should decide which type to file based on their specific situation. This article looks at the … [Read more...]
Can I Exclude a Credit Card from Chapter 7 Bankruptcy? Here’s What You Need to Know
If you’ve ever wondered whether you could keep a credit card out of a chapter 7 bankruptcy to preserve your credit line, you’re not alone. Many people facing overwhelming debt hope to keep at least one credit card as a backup. However, can I exclude a credit card from Chapter 7 bankruptcy? The short … [Read more...]
When to Stop Using Credit Cards Before Filing Chapter 7
As a local bankruptcy lawyer here in Texas, clients often call me with questions about the Chapter 7 filing process. But sometimes, they call me eager to share their own ideas as well. Pete was one of them. “Hi Chris,” Pete began, excited. “I know we might file for bankruptcy next month if … [Read more...]
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