bankruptcy blog

The New Year is days away and what better time to write down your New Years resolutions? Have you made any New Year Financial Resolutions? As you think about what you want for your family and life this coming year, make sure money management is a priority. Whether you are struggling with your finances and  … Read more

The Chapter 13 bankruptcy process is designed to help people resolve their debts, but don’t qualify for a Chapter 7 bankruptcy. By outlining a payment plan spread over 3 to 5 years, people can repay the portion set forth by the court over a series of payments. However, sometimes things don’t work out as planned,  … Read more

In a Chapter 13 bankruptcy, there are many legal terms that can be difficult to understand if you aren’t familiar with the process. One of the most common terms associated with a Chapter 13 bankruptcy case is “feasibility.” This term relates to the “feasibility requirement,” meaning demonstrating the ability to follow the Chapter 13 payment  … Read more

People drowning in debt are often plagued by a feeling of desperation. Desperate to avoid calls from credit collectors. Desperate to avoid the pitfalls of missed payments. Desperate to get out of debt. And desperate to stop feeling guilty. The bankruptcy process is complicated, which is why working with a Houston bankruptcy lawyer is crucial to  … Read more

The term “bankruptcy” is often met with enough fear, and adding the word “involuntary” makes it almost seem like it is forced. What is an involuntary business bankruptcy, you may ask? In a sense, it is business that is forced into filing bankruptcy; but, that doesn’t always mean a bad thing. In fact, filing for  … Read more

It is estimated that 70 percent of all bankruptcy filings are caused in large part to overwhelming medical debt. Medical debt is one of the most unique forms of debt because it originates from circumstances that are often unavoidable such as an accident or sudden illness.  In many cases the illness or injury has two  … Read more

As the holiday season approaches many people worry about their holiday shopping budget, but for many small business owners the season could be the difference between going out of business or staying on track for a stronger financial year in 2017. However, there are still many companies out there facing growing debt burdens and shrinking  … Read more

This is a great question, especially from individuals that haven’t had an attorney before or who are considering bankruptcy for the first time. Depending on where you live there can be a number of options, finding a Houston bankruptcy attorney is important for the outcome of your case. Here will add a few caveats that help put you  … Read more

There are two main types of consumer bankruptcy in the United States: Chapter 7 (the most common) and Chapter 13. Chapter 13 bankruptcy is commonly referred to as the wage earner’s plan in that you will have a certain amount of income coming in that you can use to eventually pay down all your debt.  … Read more

Debunking Bankruptcy Myths: Part 1 is the beginning of a series offering facts about bankruptcy. People often forget that bankruptcy is a legal process, which means that it is complex and full of intricate details. For this reason, most  people know very little about the process or how the laws work in their state. A  … Read more