Blog Posts in 2011
149 results found. Viewing page 1 of 6.
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Posted on Dec 16, 2011 By Majed
Creditors attempting to collect on debt that has been wiped away by a bankruptcy discharge face legal consequences within and outside of bankruptcy court. By law, a creditor is not allowed to collect ...
Continue reading "Protection with Teeth" »
Posted on Dec 14, 2011 By Majed
The two most common forms of bankruptcy filed by individuals are Chapter 7, which is a liquidation and Chapter 13, which is an agreement entered into that allows creditors to be repaid at least a ...
Continue reading "Chapter 13" »
Posted on Dec 12, 2011 By Majed
A typical debtor owes money to various creditors and is constantly paying bills late, leading to late fees and oftentimes collection status and repossession. This constant negative reporting to your ...
Continue reading "Bankruptcy Could Improve Your Credit" »
Posted on Dec 9, 2011 By Majed
Possibly. The bankruptcy code stipulates that an inheritance bestowed upon a debtor within 180 days of a bankruptcy filing will become the property of the bankruptcy estate. The clock starts on the ...
Continue reading "Inheritance and Bankruptcy" »
Posted on Dec 7, 2011 By Majed
For a debtor filing for Chapter 7 bankruptcy, obtaining a discharge is like the Holy Grail. It is the ultimate goal and purpose for filing for bankruptcy liquidation - to be legally absolved from your ...
Continue reading "Chapter 7 Discharge" »
Posted on Dec 5, 2011 By Majed
An individual that has the desire to pay their creditors but does not have the means, may be an ideal candidate for a Chapter 13 repayment plan. Chapter 13 was created for this debtor in mind. In this ...
Continue reading "Should I File Chapter 13?" »
Posted on Dec 2, 2011 By Majed
Yes. Filing bankruptcy in Texas does not mandate that a debtor sell his vehicle. In fact, Texas has a list of exemptions for Chapter 7 debtors that include personal property such as a primary vehicle. ...
Continue reading "Can I Keep My Car?" »
Posted on Nov 30, 2011 By Majed
A bankruptcy trustee represents the interest of the bankruptcy estate, not the creditors or the debtor. Their job is to make sure that all activities are on the up and up and that the estate is ...
Continue reading "The Role of the Bankruptcy Trustee" »
Posted on Nov 28, 2011 By Majed
Small businesses face unique challenges in the market and in bankruptcy. Many small business finances are inextricably linked with that of the business owner. This particular type of debtor may be ...
Continue reading "Bankruptcy is Small Business" »
Posted on Nov 25, 2011 By Majed
Studies have shown that Black Friday, the ceremonious American "retail holiday" that begins the Christmas shopping season, has recently seen less and less turn out as Americans are ...
Continue reading "Black Friday Bankruptcy" »
Posted on Nov 23, 2011 By Majed
Filing bankruptcy after a divorce does not miraculously make your alimony or child support disappear. Support obligations are not dischargeable in a Chapter 7 or Chapter 13 bankruptcy. So when is the ...
Continue reading "Life Changes and Bankruptcy" »
Posted on Nov 21, 2011 By Majed
Fortunately, the United States Bankruptcy Court of the Northern District of Texas is available 24 hours a day, save for 15 minutes every day for regular maintenance, through its electronic claims ...
Continue reading "Closed for the Holidays?" »
Posted on Nov 18, 2011 By Majed
If you have never filed bankruptcy before and have not recently moved there is no waiting period in order to file bankruptcy. If you have never filed bankruptcy before but have recently moved to ...
Continue reading "When Can I File Bankruptcy?" »
Posted on Nov 16, 2011 By Majed
When a debtor files for Chapter 7 or Chapter 13, his creditors are prohibited by law to attempt to collect debts from him. This is called the automatic stay. If you are currently facing repossession ...
Continue reading "How Can Bankruptcy Stop My Repossession?" »
Posted on Nov 14, 2011 By Majed
Whether or not bankruptcy will eliminate all of your debt depends on what type of debt you have. If your debt is made up of consumer credit card debt and other unsecured debt than it will likely all ...
Continue reading "Will Bankruptcy Eliminate All of My Debt?" »
Posted on Nov 11, 2011 By Majed
So you have made the decision to file bankruptcy and get a fresh start. Now you have the daunting task of deciding whether to file for Chapter 7 or Chapter 13. A Chapter 7 is a legal process in which ...
Continue reading "Should I File Chapter 7 or Chapter 13?" »
Posted on Nov 9, 2011 By Majed
According to Federal Deposit Insurance Corporation (FDIC) website, 1 out of every 200 homes will be foreclosed upon. These numbers are staggering, especially when you consider the ramifications. ...
Continue reading "Stop Foreclosure in its Tracks" »
Posted on Nov 7, 2011 By Majed
With all the recent focus on the economic downturn and foreclosures, closer scrutiny has been paid to the banks initiating the foreclosures. Recently the nation's largest bank, Bank of America, has ...
Continue reading "Is Your Foreclosure Legal?" »
Posted on Nov 4, 2011 By Majed
The White House says the economy is turning around, and if a new bankruptcy study is any indication, this may be true. According to a report by the United States Court bankruptcy filings were on a ...
Continue reading "New Year, Less Bankruptcy" »
Posted on Nov 2, 2011 By Majed
So you've filed for bankruptcy and obtained your discharge. You're free! You are ready to embark on the new life that this fresh start has afforded you. Before you go off clicking your heels, it is ...
Continue reading "Budgeting After Bankruptcy" »
Posted on Oct 31, 2011 By Majed
There is an old saying, don't take your troubles to bed. But that is difficult to do when you have harassing creditors calling incessantly and filling your mailbox with pink notices. Bankruptcy can ...
Continue reading "A Good Night's Rest" »
Posted on Oct 28, 2011 By Majed
Purchasing a home is for many the realization of the American Dream. Over the past few decades the Home Owners Association has become the double-edged sword of the American Dream. On the one hand, ...
Continue reading "Chapter 13 and The HOA" »
Posted on Oct 26, 2011 By Majed
North Texas residents typically for bankruptcy in the United States Bankruptcy Court for the Northern District of Texas, which has courthouses in Dallas and Fort Worth, as well as other cities. In ...
Continue reading "How Much Does it Cost to File Bankruptcy?" »
Posted on Oct 24, 2011 By Majed
In order to file for bankruptcy you need only information. Bankruptcy does not require that you work or be unemployed. It does not have stipulations on whether or not one owns a vehicle or home. A ...
Continue reading "What Do I Need in Order to File Bankruptcy?" »
Posted on Oct 21, 2011 By Majed
If you thought that filing bankruptcy after a divorce would miraculously make your alimony or child support disappear, think again. Support obligations are not dischargeable in a Chapter 7 or Chapter ...
Continue reading "Will Bankruptcy Make My Child Support Disappear?" »
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