bankruptcy blog

The idea of filing for bankruptcy can be scary, especially when your home or business is at stake. So is it really as bad as it seems? Texas bankruptcy attorneys don’t think so. There are definite pros to filing bankruptcy over attempting to keep yourself afloat longer than you should. Here are three important reasons  … Read more

After filing for Texas bankruptcy, you can experience a flood of emotions. You will likely feel relieved to have debts removed, but may also battle anger or sadness. Furthermore, these are only a few of the feelings that may bankrupt you emotionally. Below are five ways to cope with the emotional toll of bankruptcy: Choose  … Read more

As the economy continues to struggle, more people are turning to Texas bankruptcy. Many bankrupts have families, so they must explain the definition and consequences of bankruptcy to their children. If you and your spouse have decided to file, here are some things to say and do that will help make the process easier for  … Read more

It is becoming more public that people all around the country have and still are experiencing harassing phone calls from debt collectors over debts they do not owe. Threats of lawsuits and even jail time have topped the list of abusive tactics some collectors are using to convince consumers to pay up on these alleged  … Read more

Financial literacy  is something this country struggles to achieve. Many young adults are leaving college and starting families on shaky financial ground. In a recent article titled “11 Financial Things You Should Do Before Turning 30” some of the key concepts are discussed to help 30-somethings focus on for their financial goals: 1. Saved for  … Read more

Believe it or not, in a bankruptcy, there are Texas bankruptcy exemptions for jewelry. The rules vary from state to state, but many states provide a certain amount of money towards protecting valuable pieces of jewelry through property exemption. Chapter 7 When seeking to protect a family heirloom or a wedding ring, understanding what property  … Read more

When filing bankruptcy under Chapter 13, the 341 meeting of creditors is an opportunity for the trustee to review your case and assess your proposed payment plan. Your Bryan bankruptcy attorney will attend this meeting with you, which is helpful when fielding questions from the trustee. When is the Meeting? Unlike Chapter 7 bankruptcy, a  … Read more

The lure of fast cash can be tempting at times when money is tight, which is the exact angle payday loan lenders play when looking for more customers. With some areas of town having a payday loan office on nearly every corner, the payday loan industry has been taking advantage of those in hard times  … Read more

One thing people often fear when they think of filing for bankruptcy is the fate of their assets. Too many people make the mistake of attempting to hide or sell assets prior to their filing, leaving them at risk of a case dismissal or even suspicions of fraud. Asset Transfers The transfer or sale of  … Read more

Quiznos is making a triumphant comeback after filing Chapter 11 bankruptcy in March, 2014. Through filing bankruptcy and radically restructuring their finances, the company was able to pull themselves out of $400 million of debt. Restructuring Their Finances Since March, the sub-sandwich company has been under Chapter 11 bankruptcy protection. On May 12, however, a  … Read more