Blog Posts in November, 2011
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" »