Blog Category: bankruptcy

Many people ask if they can discharge government fines in bankruptcy. Things like federal, state, and municipal fines can be eliminated in some instances. In nearly every case that a government entity imposes a fine as a punishment for thing such as the following are not dischargeable in bankruptcy and must be paid: DUI related  … Read more

When you file Chapter 7 or Chapter 13 bankruptcy you must, as part of the bankruptcy petition filing, disclose all potential legal clams. Or in other words, anyone that you may receive money from in the future whether or not a lawsuit has been file already, should be included in your bankruptcy as an asset.  … Read more

When you are filing bankruptcy there are many forms to fill out and many documents that you will need to provide both your bankruptcy attorney, as well as, the bankruptcy trustee. When you file your bankruptcy paperwork, you will obviously need documentation giving an accurate an honest picture of your finances. The documents needed for  … Read more

Insolvency is a term that can be used to describe having more debts than assets or not being able to pay debts when they are due. Insolvency takes on a slightly different meaning when discussing taxes. When a person has had a debt canceled and still has more debts versus assets, they are considered insolvent  … Read more

You want to file a bankruptcy but cannot decide when.  At times, you may be better off delaying because you may get to keep your property. Or, maybe you could deal with debt in some other way, and not announce bankruptcy.  We’ll highlight some common scenarios, and give you a relevant advice on each. Bankruptcy  … Read more

Bankruptcy is of several types, each of which has varying purposes and caters to different kinds of debtors. Learn more about the differences in types of bankruptcy. Types of Bankruptcy Chapter 7 The chapter 7 bankruptcy is also regarded as the liquidation or straight bankruptcy. You can file whether you are an individual or married  … Read more

Evictions in bankruptcy is a touchy subject. From the point of view of the landlord you are unable to make any payments. From your point of view, you are unable to make the payments and you are declaring bankruptcy. Many landlords are wary of tenants who are not careful with their debts and so might  … Read more

Bankruptcy does not have the same stigma that it did around 20 years ago when filing meant a loss of goodwill and it carried a lot of shame with it. In this day and age, it is something that people do with no qualms. Many hard working people have seen multiple bankruptcies in his time. As  … Read more

If you are already facing a bankruptcy, it might be the right time to get your affairs in order and reorganize your financial planning. The fact is that a bankruptcy should not be taken lightly. It is indeed a warning bell to arouse you from your slumber and make you realize that something is terribly  … Read more

People drowning in debt are often plagued by a feeling of desperation. Desperate to avoid calls from credit collectors. Desperate to avoid the pitfalls of missed payments. Desperate to get out of debt. And desperate to stop feeling guilty. The bankruptcy process is complicated, which is why working with a Houston bankruptcy lawyer is crucial to  … Read more