Blog Category: Filing bankruptcy


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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Longaberger’s Parent Company Files Texas Bankruptcy

Longaberger’s Parent Company Files Texas Bankruptcy

The parent company of Longaberger, the American manufacturer, and distributor of handcrafted wooden baskets and other lifestyle products filed a voluntary petition for Chapter 11 bankruptcy protection in the US Bankruptcy Court for the Northern District of Texas this week. The beloved company which is a subsidiary of CVSL and JRJR networks suspended operation nearly  … Read more

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Can Creditors Take Your Social Security in Bankruptcy?

Can Creditors Take Your Social Security in Bankruptcy?

Countless individuals wonder if creditors can take your social security in bankruptcy. Social security, after all, is a necessary lifeline for numerous Americans, especially the elderly. What happens to your social security money depends on a few factors, but is generally protected by Federal Law from being intercepted and paid to your creditors during the  … Read more

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Property Included in Bankruptcy Estate

Property Included in Bankruptcy Estate

What property will become part of your bankruptcy estate is governed by 11 U.S. Code § 541, commonly referred to as Section 541 of the Bankruptcy Code. When you file for Chapter 7 or Chapter 13 bankruptcy, you’ll disclose all property you own, both real and personal, in the Schedule A/B. This is one of  … Read more

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What to Expect from Pre-Bankruptcy Credit Counseling

What to Expect from Pre-Bankruptcy Credit Counseling

Before filing for bankruptcy, debtors are required to complete a mandatory, credit counseling course. The credit counseling course must be a non-profit and officially approved by the US Bankruptcy Court. If you file your bankruptcy petition without proof of completion, your bankruptcy case will be dismissed. The credit counseling course, however, need not be feared,  … Read more

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Offshore Oil & Gas Company, Seadrill, to File for Bankruptcy

Offshore Oil & Gas Company, Seadrill, to File for Bankruptcy

Seadrill, a deep-water drilling contractor that provides offshore drilling services to the oil and gas industry, announced that the company plans to file for Chapter 11 bankruptcy protection by mid-September of 2017, in order to implement a restructuring plan. In a statement by Seadrill’s CEO Anton Dibowitz, the company’s “primary objective at the moment is  … Read more

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Houston Texas Bankruptcy Tips

Houston Texas Bankruptcy Tips

While bankruptcy doesn’t initially seem like the topic that would involve “tips, just like any other section of the law, there are certain pitfalls that could have unintended consequences. Today we’ll look at how you can avoid these by following a few pointers when deciding to declare bankruptcy. Let’s review these Houston Texas Bankruptcy Tips:  … Read more

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What is a bankruptcy discharge?

What is a bankruptcy discharge?

By filing bankruptcy, a discharge of debts is the overall goal in most cases. A discharge of debts in bankruptcy varies within the different chapters of 7, 11, and 13, but the end result is the release of personal liability for certain types of debts. A bankruptcy discharge is a permanent order eliminating the debt  … Read more

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