Blog Posts in 2010
112 results found. Viewing page 1 of 5.
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Posted on Dec 31, 2010 By Majed
With every new year brings resolutions. Many want to get in shape. Others want to further their education or career. Still others resolve to be better human beings. What will your resolution be? If it ...
Continue reading "How Bankruptcy Protection Can Help You in the New Year" »
Posted on Dec 29, 2010 By Majed
Choosing which method of bankruptcy to file is a decision that only the debtor can make. However with sound guidance from an experienced bankruptcy law firm like Fears | Nachawati Law Firm, you should ...
Continue reading "Which Bankruptcy Option is Best for Me?" »
Posted on Dec 27, 2010 By Majed
Yes. Millions of Americans carry a credit account with department stores, gas stations and even mail order stores. These accounts should be included in a Chapter 7 liquidation in order to relieve you ...
Continue reading "Should I Include my Store Credit Accounts in my Discharge?" »
Posted on Dec 24, 2010 By Majed
I'll be home for Christmas takes on an entirely different meaning when you are in danger of losing your home. However filing for bankruptcy can help you by giving you time to catch up on your ...
Continue reading "How Bankruptcy Can Stop Foreclosure" »
Posted on Dec 22, 2010 By Majed
Many companies today are filing for bankruptcy protection. Some file for Chapter 11 restructurings, while others flat out liquidate via a Chapter 7 and close their doors. What does this mean for an ...
Continue reading "When Your Employer Files for Bankruptcy" »
Posted on Dec 20, 2010 By Majed
Absolutely! Banking options are as varied in 2010 as the customers they serve. Individuals who have filed for bankruptcy or who generally have credit or banking blemishes now have a good amount of ...
Continue reading "Can I Open a Checking Account after Bankruptcy?" »
Posted on Dec 17, 2010 By Majed
Varying life events can push a person into financial distress. Job loss, divorce, illness, and varying other reasons. Especially in recent years, these events have urged many to consider filing for ...
Continue reading "When is the Best Time to File for Bankruptcy?" »
Posted on Dec 15, 2010 By Majed
Although it is not encouraged, a debtor may file for Chapter 7, Chapter 13 or a combination of the two more than once. However, unlike the first time, there will be a minimum waiting period between ...
Continue reading "Second Time Around: Filing Bankruptcy a Second Time" »
Posted on Dec 13, 2010 By Majed
For many debtors with little assets, Chapter 7 is the most viable option. The filing fee for a Chapter 7 is $299.00 for the Northern District of Texas. This is just the cost to file with the court and ...
Continue reading "How Much Does it Cost to File for Chapter 7?" »
Posted on Dec 10, 2010 By Majed
Even famous and wealthy people take advantage of bankruptcy protection. Rather than lose all of his assets after serving prison time for animal cruelty, famed NFL quarterback Michael Vick opted to ...
Continue reading "The Michael Vick Story: A Look into a Chapter 13 Repayment Plan" »
Posted on Dec 8, 2010 By Majed
Many consumers mistakenly believe that filing for bankruptcy protection is an automatic credit death sentence, but this is not the case. Debtors can steadily rebuild their credit with a secured credit ...
Continue reading "Obtaining a Secured Credit Card after Bankruptcy" »
Posted on Dec 6, 2010 By Majed
Married couples have the option of filing for bankruptcy protection individually or as a couple. Married couples that jointly file taxes and include both names on credit items such as home and auto ...
Continue reading "Filing Bankruptcy as a Couple" »
Posted on Dec 3, 2010 By Majed
Prior to 2009 corporate bankruptcies were mostly covered by financial newspapers and dealt with internally or among people in the know. Then came the big bankruptcy boom of 2009 and the idea of "too ...
Continue reading "What the President Knows About Bankruptcy" »
Posted on Dec 1, 2010 By Majed
What many wealthly individuals know that the average American doesn't is that bankruptcy protection is a Constitutionally protected tool and not a dirty word. Bankrutpcy has allowed the likes of Kim ...
Continue reading "Why More Affluent People are Filing for Bankruptcy" »
Posted on Nov 29, 2010 By Majed
Bankruptcy is a daunting concept for many, so it is understandable that a debtor would want to keep this time in his/her life under wraps. The bad news is that bankruptcies are a matter of public ...
Continue reading "Can I Keep my Bankruptcy Private?" »
Posted on Nov 26, 2010 By Majed
Bankruptcy is open to "...only a person that resides or has a domicile, a place of business, or property in the United States, or a municipality, may be a debtor under this title" [11 U.S.C. Section ...
Continue reading "I am an Immigrant – Can I file Bankruptcy?" »
Posted on Nov 24, 2010 By Majed
A debtor is under the federal income tax guidelines whether or not he or she is in a Chapter 7. Some individuals who have made under a certain amount in taxable income are not mandated to file federal ...
Continue reading "Do I Have to File Income Taxes While I am in Chapter 7?" »
Posted on Nov 22, 2010 By Majed
There are pros and cons to every type of bankruptcy filing. For an individual whose personal finances are closely tied to their business, choosing between different bankruptcy types can be daunting. ...
Continue reading "Should I File Bankruptcy for Myself or My Small Business?" »
Posted on Nov 19, 2010 By Majed
It is unlikely that a trustee will approve taking on more debt while an individual is in bankruptcy. The trustee's function is to represent the interests of the bankruptcy estate, as well as a ...
Continue reading "Can I Apply for Credit While I’m in Bankruptcy?" »
Posted on Nov 17, 2010 By Majed
According to the United States Bankruptcy Court for the Northern District of Texas, bankruptcy cases are up 14% for the 2010 fiscal year, meaning the 12-month period ending September 30, 2010. ...
Continue reading "Bankruptcy Filings up Nearly 14 Percent over Last Fiscal Year" »
Posted on Nov 15, 2010 By Majed
The Bankruptcy Code, as well as the Internal Revenue Service, requires that an individual debtor report ALL of his/her earnings, regardless of whether you are a banker who gets his paychecks delivered ...
Continue reading "Can I File for Chapter 13 if I Get Paid in Cash?" »
Posted on Nov 12, 2010 By Majed
Getting a second job may be helpful in that it gives you more discretionary income and breathing room from creditors. However it can be dangerous for a debtor in a Chapter 7 or Chapter 13 to obtain ...
Continue reading "What Happens if I Get a Second Job?" »
Posted on Nov 10, 2010 By Majed
Possibly. The Federal Bankruptcy code mandates that inheritances received within 180 days of a bankruptcy petition being filed are included in the bankruptcy estate. This equates to roughly 6 months ...
Continue reading "Will my Inheritance Become Part of the Bankruptcy Estate?" »
Posted on Nov 8, 2010 By Majed
Possibly. When an individual files for a Chapter 13 restructuring, he/she agrees to enter into a court-approved debt repayment plan for a certain amount per month. The debtor is required to pay this ...
Continue reading "Will my Chapter 13 Impact my Income Tax Refund?" »
Posted on Nov 5, 2010 By Majed
People change their names for many reasons. Marriage, adoption and divorce are just a few reasons why an individual would change his/her name. If a debtor changes his name during the bankruptcy ...
Continue reading "What Happens if I Change my Name During a Bankruptcy?" »
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