bankruptcy blog

Chapter 13 bankruptcy is quite the involved process, requiring not only a formidable stack of paperwork to begin the process but also a long and involved budgeting process that is meant to last for three to five years. Because of the long-term financial and personal consequences involved with bankruptcy, you should always consult a bankruptcy  … Read more

Between the creditor calls on your cell and at work and the notices threatening legal action if you don’t pay up, Being in collections isn’t very much fun. If you are currently in collections and planning to file bankruptcy in Texas, you should take solace that bankruptcy is a very real way to obtain debt  … Read more

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

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

Wouldn’t it be nice if you could create money out of thin air? This is exactly what a payday loan business owner is accused of attempting in a bankruptcy case that resulted in Federal bankruptcy fraud charges. The business owner of the failed payday loan scam has been order by a Houston bankruptcy judge in  … Read more

Obtaining a debt settlement and paying less than what you owe is a smart financial move that proves your expert negotiation abilities right? Well, almost, however while paying back a creditor for less than what you owe is a smart play, you should be aware of how the IRS looks at your debt negotiation deal.  … Read more

Dealing with debt collectors can be an exhausting and emotionally draining event. For some individuals, receiving a debt collection call can be terrifying, and for others infuriating. However you personally deal with debt collection attempts, you should know that you have rights as a debtor. Hopefully, by knowing your rights, any attempts to collect a  … Read more

As a Houston, TX bankruptcy attorney law firm, we see people from all walks of life who need help getting a handle on their debt. Debt, after all, can have unintended effects on your life such as loss of property, failure to obtain new credit for major purchases, and can even cause you to lose  … Read more

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

You’re a responsible adult who pays their taxes, mortgage, and credit card payment on time. You live by a strict budget and avoid making unnecessary purchases or taking out large lines of credit. However, you could still be at risk of having to file bankruptcy. How? Here are a number of traps that intelligent, responsible  … Read more