Blog Category: Filing bankruptcy


When a General Contractor Files for Bankruptcy

When a General Contractor Files for Bankruptcy

Bankruptcy is a tool used to help eliminate troublesome debt, however, what happens if you are on the creditor side it can be distressing. While many individuals do not ever believe this will happen to them, it happens quite often every day when individuals pay a large down payment to a general contractor for work  … Read more

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The Purpose of Bankruptcy

The Purpose of Bankruptcy

When some people think of bankruptcy, they think of dishonest people who rang up a bunch of bills and then don’t want to pay for them. Or that people lived foolishly and now are stuck with the fallout of too much debt. The Truth About Bankruptcy The reason we have the bankruptcy laws is to  … Read more

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Choosing Between Chapter 7 and Chapter 13 Bankruptcy

Choosing Between Chapter 7 and Chapter 13 Bankruptcy

You have two options when filing personal bankruptcy, Chapter 7 or Chapter 13, named for the codes in the bankruptcy law they represent. Businesses and farmers have different types of bankruptcy rules. Chapter 7 Chapter 7 is the most basic form of bankruptcy. It allows you to eliminate or “discharge” certain debt. When you have  … Read more

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Unemployment and Bankruptcy

Unemployment and Bankruptcy

One of the most common reasons noted for filing personal bankruptcy is unemployment. Of course, it’s difficult if not impossible to pay your bills if you have little to no money coming in. As many as 2/3 of Americans list job-related financial stress as the reason for filing personal bankruptcy. While having six months of  … Read more

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Can I File for Bankruptcy Myself?

Can I File for Bankruptcy Myself?

Yes, you can legally file for bankruptcy on your own, you can usually find the forms online and in do it yourself workbooks that you find at the bookstore. You can even legally represent yourself in bankruptcy court. But just because you can, doesn’t necessarily mean you should. Spending Time Away From Work In most  … Read more

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Bankruptcy Myth: Untrustworthy People File

Bankruptcy Myth: Untrustworthy People File

Some misconception is that shady people rack up a bunch of bills and they want the courts to bail them out. The real purpose of bankruptcy is to give honest people who have fallen on a hard time, a chance to have their debts reduced and get a fresh start. Reasons to File Bankruptcy It’s  … Read more

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Bankruptcy Makes the Creditors Stop Calling

Bankruptcy Makes the Creditors Stop Calling

The bankruptcy system is set up to give you time to reorganize your debts or liquidate your assets depending on the type of bankruptcy you choose. As soon as you file the proper paperwork with the court, creditors are prohibited from contacting you regarding your debt. Any attempts to contact you must be through the  … Read more

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Is Filing Bankruptcy Right for You?

Is Filing Bankruptcy Right for You?

We see in the media almost weekly another giant corporation or celebrity is filing for bankruptcy. You wonder how do people that make so much money lose control of their finances. Filing for bankruptcy is a tough decision. One with far-reaching consequences for your financial future. However, if the possibility of losing your home, business  … Read more

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How Many Times Can You File Bankruptcy in Texas?

How Many Times Can You File Bankruptcy in Texas?

For individuals who haven’t filed bankruptcy, you may be asking yourself, “Why would anyone want to file bankruptcy in Texas more than once?” We’ll address that question later, however, sometimes situations can (and do) arise, where an individual or a business has a strong need to eliminate debt utilizing the US Bankruptcy Code a second  … Read more

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Can I Change My Bankruptcy Information After Filing?

Can I Change My Bankruptcy Information After Filing?

Filing for bankruptcy requires numerous forms to be filled out which contain potential mountains of meticulous information. Individuals who consult their Texas bankruptcy attorney are worried about making mistakes or accidentally omitting important information. Likewise, people often ask our bankruptcy law firm if they can change bankruptcy information that has already been filed with the  … Read more

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