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 choice when the couple:  owns little community property; has little debt; don’t… Read More

Debt-related problems cause a storm of unwanted stresses in your life; collection calls, letters, day-to-day concerns about simply getting by. Some may feel like it’s enough to make you sick . . . and they may be right.  Effects of Financial Stress Like any kind of stress, financial stress takes a toll on a person’s… Read More

If you’ve been struggling with financial difficulties, you may find that bankruptcy is your best option. Bankruptcy comes with quite a few rules and regulations, one of which is mandatory credit counseling. If you understand the purpose of this type of counseling and know what to expect, your bankruptcy – and the financial recovery period… Read More

Filing for bankruptcy can be a good decision for some because it may allow for a fresh financial start or may alleviate financial pressure, but it also brings some challenges. For many people, discussing bankruptcy with family may be a certain challenge. Most people find that disclosing financial troubles – including bankruptcy – to their… Read More

Filing for bankruptcy can be a difficult decision for anyone. There can be many complicated aspects of the bankruptcy process, and filers may find that this is especially true when there is more than one person associated with a debt. It’s common knowledge that a debt can be held by more than one person. Debts… Read More

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 the discharged (or dead)… Read More

Rebuilding credit after bankruptcy doesn’t have to wait seven or ten years until the bankruptcy is no longer on a credit history (seven years for Chapter 13, ten years for Chapter 7). Bankruptcy petitioners may begin improving credit scores shortly after the bankruptcy process is complete. Moving on from Bankruptcy Even when bankruptcy occurs because… Read More

If you’re facing bankruptcy in Texas, a trustee will be part of the process. It’s important to understand the role of the bankruptcy trustee and how this person can affect the outcome of your case. What is a bankruptcy trustee? A bankruptcy trustee is an individual who is responsible for handling the bankruptcy filer’s estate…. Read More