bankruptcy blog

One thing that you can count on is that your tax refund is going to be something of interest to your bankruptcy trustee. Each state has their own specific rulings when it comes to asset exemptions, and usually its cash that falls into this category. Naturally you don’t get your tax refund by way of  … Read more

No one should ever enter into bankruptcy proceedings without a full understanding of what it entails. There are some that think that under a Chapter 7 Bankruptcy that all of their debt will be totally wiped away and none of their assets will be at risk. The first step is to seek out the advice  … Read more

Usually when an individual wants to go bankrupt the other positive aspect is that they are able to look forward to a totally fresh financial start. Most people are embarrassed by having to take this type of action, but in many cases the debt is so overwhelming there is just no other solution. Starting New  … Read more

Creditors can be pretty ruthless when it comes to collecting the money that is owed to them. Although they have regulations that they must follow in order to collect, they don’t always stick to the rules. One thing for sure is most of them are insistent on collecting what is owed to them, and they  … Read more

Once you have made the decision that you want to go bankrupt, chances are you already feel as if a weight has been lifted off your shoulders. What has to be realized though, is that this possible financial solution to your heavy debt load may not wipe out all of your debt entirely, and you  … Read more

Often individuals believe that insolvency and bankruptcy are one and the same thing. Yet they are different. An individual can be in a situation where they are in cash flow insolvency. This means they are in a situation where they don’t have enough cash to be able to pay their debts on this. Broke vs  … Read more

If at the moment you are being swallowed up by debt with no light at the end of the tunnel, the last thing you are probably thinking about is your future credit. If you are going for a bankruptcy solution then you may want to ask your bankruptcy attorney as to how this will affect  … Read more

One of the most common debt problems many individuals can run into is with their tax debt. The costs for this keeps accumulating, and there soon seems to be no way to get it under control. You want to be sure to discuss this particular debt with your Houston bankruptcy attorney, and don’t just assume  … Read more

Filing for bankruptcy is not just a matter of going before the courts with all of your bills and having a judge rule that you don’t have to pay them because you are not financially able to. Unfortunately many people think it is that simple. While the Chapter 7 bankruptcy has been put in place  … Read more

One of the problems with bankruptcy is that many people who are thinking about using this financial opportunity to get out of debt listen to the wrong advice. Or they feel it is an easy court procedure they can conduct themselves. These are the first two potential mistakes a bankruptcy attorney can help you avoid.  … Read more