Dallas, Fort Worth Bankruptcy Blog

Today In Bankruptcy – 04-24-2014

April 24th, 2014 by Reed Allmand

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Bringing you the most up-to-date news, tips and blogs throughout the web. Here’s your Bankruptcy Update for April 24th, 2014 Gherkin tower on way out of bankruptcy pickle Top L.A. bankruptcy law firm to close doors Debt Settlement vs. Bankruptcy: Which is Worse for Credit Score?

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Do You Have to Repay What You Owe in Bankruptcy or Can I Eliminate All Debts?

April 24th, 2014 by Reed Allmand

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The answer depends on which chapter you file. Chapter 13 bankruptcy is court-approved repayment plan that helps debtors make affordable payments on debt obligations. Chapter 7 bankruptcy can eliminate qualifying debts through a discharge approved by the court. Once you have a better idea where you stand with your finances and how you qualify for […]

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Kentucky Woman Facing Bankruptcy Fraud Charges Also Charged with Arson

April 23rd, 2014 by Reed Allmand

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A woman indicted on bankruptcy fraud charges is also charged with intentionally setting a retail store on fire.  Debra Fowler Kessinger, 57, was recently indicted in connection with a fire that took place in 2011 in Warren Country Kentucky. Kessinger was formally charged by a grand federal jury in connection to a fire that destroyed […]

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Today In Bankruptcy – 04-22-2014

April 22nd, 2014 by Reed Allmand

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Bringing you the most up-to-date news, tips and blogs throughout the web. Here’s your Bankruptcy Update for April 22nd, 2014 Meet The Parents star Teri Polo files for bankruptcy  GM Asks Bankruptcy Court To Block Ignition-Related Lawsuits Genco Shipping Files for Bankruptcy on Weak Charter Rates

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7 Significant Benefits of Chapter 13 Bankruptcy

April 22nd, 2014 by Reed Allmand

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Chapter 13 bankruptcy is a court-approved repayment plan that helps debtors manage debt obligations in 3 to 5 years.  Many debtors that feel overwhelmed with making monthly payments can have their obligations restructured so they are easier to pay.  This is a great option that offers a variety of benefits with many debtors enjoying multiple […]

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Today In Bankruptcy – 04-17-2014

April 17th, 2014 by Reed Allmand

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Bringing you the most up-to-date news, tips and blogs throughout the web. Here’s your Bankruptcy Update for April 17th, 2014 Energy Future Holdings bankruptcy would likely attract bidders for Oncor GM To Ask Bankruptcy Court For Lawsuit Protection Mi Pueblo grocery stores submit bankruptcy plans

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Congress Gets More Pressure from the House to Forgive Student Loans in Bankruptcy

April 17th, 2014 by Reed Allmand

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More individuals in the House of Representatives are voicing their opinions on why student loan debt should be forgiven in bankruptcy. In recent months more efforts are being made to provide Congress with more insight on how student loan debt continues to be a huge problem. House Democrat Naomi Jakobsson proposed House Resolution 620 which […]

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Virginia Man Sentenced 30 Months in Prison for Wire and Bankruptcy Fraud Charges

April 16th, 2014 by Reed Allmand

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A former commercial real estate agent and businessman who pled guilty in 2012 to various federal charges was recently sentenced in court.  Michael Wayne Harding, 59, of Keswick, Virginia pled guilty to one count each of bankruptcy fraud and wire fraud after waving his right to an indictment. Harding will complete 30 months in federal […]

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Today In Bankruptcy – 04-15-2014

April 15th, 2014 by Reed Allmand

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Bringing you the most up-to-date news, tips and blogs throughout the web. Here’s your Bankruptcy Update for April 15th, 2014 Apollo’s Momentive Performance Files for Bankruptcy Brass Instrument Maker S.E. Shires Files for Bankruptcy Mt. Gox founder won’t appear in U.S. for questions about bankruptcy case

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Coldwater Creek Files Chapter 11 Bankruptcy

April 15th, 2014 by Reed Allmand

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Women’s clothing retailer Coldwater Creek has filed for bankruptcy.  The business, originally known as a catalog business 30 years ago, recently filed Chapter 11 bankruptcy protection in Delaware. Coldwater had over 300 store locations in operation but cited declining sales and the downturn of the economy.  At one point, the company had revenue peaking at […]

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FAQ

Why do I need to submit a new wage order when I modify my plan

When we modify your bankruptcy plan we are changing your plan payments. This means that we have to get with your employer and change the terms and amount of your wage order. The only way we can do that is by filling out a new wage order form.  

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What happens if the stay terminates on my home?

If the bankruptcy stay terminates on your home that means that even though your in bankruptcy, your creditor can pursue all there legal remedies they can pursue if you were not in bankruptcy. This includes foreclosure, and having your house sold and evicting you from your house.

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