bankruptcy blog

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

There are many among us today who firmly believe that bankruptcy is the absolute worst thing that can happen to an individual and that they will never recover financially, and that it is the end of life as they know it. Others believe that if you do declare bankruptcy your chances of any future success  … Read more

When an individual applies for and receives Chapter 13 bankruptcy protection they essentially promising to make repayment to creditors over a period of time decided on by the court and at a level of repayment that both manageable to the debtor and sufficient enough to ensure that creditors recoup their money. This plan is managed  … Read more