bankruptcy blog

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

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

Tax debt is one of the primary types of debt that sends consumers running to their nearest Texas bankruptcy attorney in an effort to find out if bankruptcy will stop the IRS from collecting those tax debts. While the bankruptcy’s automatic stay will stop collection activities from the Internal Revenue Service, there are only certain  … Read more

Businesses that wish to continue operations while also struggling with company debt have the option of filing for Chapter 11 bankruptcy in Texas and every other state in the Union. A Chapter 11 business bankruptcy works quite different from a personal bankruptcy (Chapter 7 or Chapter 13), with the biggest difference being who is in  … Read more

Veterans in our country can’t be appreciated enough. There are numerous, special rules that help veterans obtain housing and student loans, and the US Bankruptcy code is no different. As a disabled veteran or active duty service member, you are entitled to special exceptions when declaring bankruptcy. Chapter 7 Means Test When filing for Chapter  … Read more

Debt problems can cause many a sleepless night. So why then is there so much fear surrounding bankruptcy? Unwarranted fear of bankruptcy causing worse problems is, in many situations, misplaced and unhelpful. At worst, the fear of bankruptcy can prevent hardworking, dedicated people from getting the debt help that they desperately need. Today we’ll debunk  … Read more

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