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...]
Applying for Credit after Bankruptcy in Texas
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...]
Signs You’re Ready for Post-Bankruptcy Credit Card
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...]
2011 Bankruptcy Stats for the Northern Texas District
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 Is No Perfect Time to File Bankruptcy in Texas
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...]
Avoid Mishaps of Hiring a Financial Planner
If you’re considering filing for Chapter 7 or Chapter 13 bankruptcy, you may also be thinking about hiring a financial planner to help you stay on track. If that’s the case, these tips may help you in your decision-making process: Anyone can say, “I’m a financial planner.” Make sure the planner … [Read more...]
Assets Exempt from Sale in a Dallas, Texas Chapter 7 Bankruptcy
Chapter 7 bankruptcy involves the sale – or liquidation – of a debtor’s assets in order to repay creditors. There are certain belongings that will be exempt from this sale, which fall under real property exemptions and personal property exemptions. To find out more about your financial standing … [Read more...]
Before Filing Bankruptcy
5 Things You Should Do Before Filing Bankruptcy in Dallas Bankruptcy might be the best thing you can do for your current financial situation. However, you don’t want to jump into it too quickly without some planning. Being prepared ahead of time can make the process go smoother. The following … [Read more...]
Avoid Hiring The Wrong Bankruptcy Attorney
9 Ways to Avoid Hiring the Wrong Bankruptcy Attorney in Dallas, Texas When you’re in the position of having to file for bankruptcy, you should hire an attorney. You should look for one that is qualified and experienced, as hiring the wrong one could make your situation even worse. Here are 9 … [Read more...]
Benefits of Foreclosure Delay During a Chapter 7 Bankruptcy
Is foreclosure the right choice? A Dallas Chapter 7 bankruptcy attorney can help you decide. When you file a Chapter 7 bankruptcy, all lenders must cease allocation of debts during the bankruptcy process. This could give you several months to figure out what you’ll do about an impending foreclosure. … [Read more...]
