bankruptcy blog

You may have heard terms like “credit counseling” or “debtor’s education”, but may not know exactly what those terms mean. These terms refer to a course that teaches about money management, debt relief options and financial planning. Although more commonly thought to be only for people seeking bankruptcy or in significant financial stress, these courses  … Read more

When it comes to credit scores most people ignore them until a problem arises. Credit scores and your profile speak volumes to lenders about your borrowing risk, so it is important to keep a close eye on your standing. How well do you know your credit? Whether you pay for a credit monitoring service to  … Read more

A big question that many individuals ask is: what happens to my credit card after filing bankruptcy? Can I keep a credit card or will I have to get rid of it? Well in most cases you’ll be able to keep your credit card is isn’t highly advised. The reason being is that credit card  … Read more

When your business is unprofitable, it may be time to look at filing a business bankruptcy. Will a business bankruptcy hurt my credit score is a common question. The answer largely depends on the type of business you own (LLC, Partnership, sole proprietorship, etc.), if you personally guaranteed the loans, and what type of taxes the  … Read more

On Thursday, October 27th, 2016 three Houston Texas area individuals federally indicted on fraud charges in a large and elaborate phone scheme that involved at least 58 other people and cheated some 15,000 United States residents out of $300 million. The call center operations for this scheme was based in India with fraudsters spread out  … Read more

Student loans, credit card debt, medical bills, home mortgages, and auto loans: paying off debt is certainly a major cause of financial stress in many people’s lives. Out of all the debt that all Americans currently carry combined, it’s not a stretch to learn that the number one highest amount of debt is from mortgage  … Read more

While Chapter 7 and Chapter 13 bankruptcies are most certainly not the taxpayer’s responsibilities, what about the large, international companies that go bankruptcy under Chapter 11 bankruptcy law? Do taxpayers pay for bankruptcies in this category? This is a legitimate question in the wake of the massive bankruptcies that have taken place over the past  … Read more

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

Chapter 11 bankruptcies are a form of bankruptcy specifically reserved for high net worth individuals and companies. In a Chapter 11, the corporation or partnership is allowed to present a plan of reorganization that allows the company to stay up and running while modifying the payment to creditors. Just about daily, a company somewhere in  … Read more

Donald Trump running for the most coveted position in world politics; it’s not much of a surprise that his entire business life has come to the public spot light. In digging up his past business dealings, past bankruptcies have emerged leading us to the question: how many times has Donald Trump filed bankruptcy exactly? The  … Read more