bankruptcy blog

  Most individuals that are running into financial difficulty do their very best to try and keep up with their debt obligations. They will make every effort possible but often the financial situation is so critical that they simply cannot get ahead and must determine if a Texas bankruptcy is the best option for them.  … Read more

Many people are under the assumption that once you decide to go bankrupt that all that is left to do is to go and see a bankruptcy attorney or trustee and begin the proceedings. While it is certainly true that you will need to seek the advice of an attorney and will need a trustee  … Read more

Whenever an individual decides to take the route of bankruptcy there is a very emotional response to that decision. It can be a very frightening proposition from the outset with a ton of uncertainty. When doing your homework in an effort to determine if that is the right choice for you personally, a factor you  … Read more

Many individuals struggle for a great deal of time with their financial difficulties before deciding to file for bankruptcy. This is based on the hopes that their situation is temporary and they will be able to become financially stable once again on their own. Most often it leads to the point where they are at  … Read more

Once you go bankrupt, the property that you own goes into what is called a bankruptcy estate. Some of your property and assets may be exempt from this but it will depend on the State that you are filing in, as well as, which form of bankruptcy you are going for. It is not uncommon  … Read more

When individuals get to the state with their finances that they no longer feel in control of them they soon become overwhelmed. They go through many different emotions which include anger, frustration, and sadness, and almost can get to the point where they are despondent over their financial situation. The first step any individual should  … Read more

The first thing you want to do once you’ve decided that you’re going bankrupt is to find yourself a quality and experienced bankruptcy attorney. Once you have decided on the professional that you are going to use you will now become their client. It really is important that you be a good client because this  … Read more

While there are many parts of your bankruptcy that are going to be concerning about, probably the one that you fear the most is the meeting of your creditors that must take place. This is a meeting that you must attend, however it does not have to be as nerve-racking as you think, especially if  … Read more

They say that everybody has an opinion, and it is usually a negative one, especially when it comes to bankruptcy. To many, going through bankruptcy is deemed as an avoidable failure. You obviously spend too much or fail to plan properly or just live beyond your means. Why else would you have to declare bankruptcy  … Read more

They say everything is bigger in Texas and that may well be true but when it comes to bankruptcies are they different in Texas you may wonder? The answer is…somewhat! While many do not realize that all bankruptcies fall under Federal statutes, meaning that the laws governing a bankruptcy are established at the Federal level  … Read more