Married couples must decide between joint filing or separate filing when determining which is the right choice for them when filing bankruptcy in Texas. Bankruptcy is a complicated process and it involves many different rules and laws. These laws should be reviewed with a Plano bankruptcy attorney … [Read more...]

In some situations, there are advantages to a married couple filing separately for bankruptcy. Of course, just like any choice, filing separately also has its disadvantages that couples should discuss with Dallas bankruptcy lawyers.  For instance, filing bankruptcy separately can be the best … [Read more...]

More than 1.1 million bankruptcy cases are filed in the U.S. each year, according to the United States Courts. If you’ve decided to go this route and take a new financial path, you’ll want to avoid a few common mistakes that could harm your case. 5 Mistakes to Avoid When Filing for Bankruptcy It … [Read more...]

Many people know that bankruptcy is most likely their best option but avoid filing a petition because they fear the social stigma. However, the perception of bankruptcy is changing. Many people can relate to difficult life events and are taking a much less reproachful view on filing for Texas … [Read more...]

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 … [Read more...]

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...]