May 14th, 2012 by Reed Allmand 
Chapter 7 bankruptcy may be the most common chapter filed but it is common to have questions about the process if it is being considered as a solution to help handle overwhelming debt. Discussing questions and concerns with a qualified bankruptcy lawyer can help determine if the process if right for you. The following questions [...]
More...May 10th, 2012 by Reed Allmand
U.S. District Judge Otis Wright filed for Chapter 7 bankruptcy protection after reportedly being on the bench for just 5 years. According to the San Francisco Chronicle, Wright and his wife filed a petition in December 2011 and claimed to have over $895,000 in liabilities compared to their assets being worth nearly $833,000. An annual salary [...]
More...April 22nd, 2012 by Reed Allmand
Sean Larkin, former manager of the hip hop music group Black Eyed Peas filed Chapter 7 bankruptcy protection over the weekend in Los Angeles, CA. The Los Angeles Times reports that Larkin acknowledged failing to file tax returns for the music group while managing them as well as other clients. The petition filed with the U.S. Bankruptcy [...]
More...April 9th, 2012 by Reed Allmand
When it comes to Chapter 7 bankruptcy, the primary goal is to get most (if not all!) of your personal debts discharged. From the sky-high credit card bills to medical debts – and everything in between – discharging your biggest debts can give you the fresh start you need to start living a financially stable [...]
More...March 2nd, 2012 by Reed Allmand
Bankruptcy fraud is not taken lightly as one former resident of Toms River, New Jersey recently found out. Bryan Young, 39, may face criminal charges related to bankruptcy fraud, according to an announcement from United States Attorney Paul J. Fishman. Young filed a Chapter 7 bankruptcy petition in November 2008 but evidence has surfaced after [...]
More...February 22nd, 2012 by Reed Allmand
Most people who file Chapter 7 bankruptcy have little assets and qualify to have most of their unsecured debt discharged. Unsecured debt that may qualify to be wiped off or discharged includes medical bills and credit cards. Having little assets and qualifying debt can help make the process a lot easier. Keep in mind, there [...]
More...February 16th, 2012 by Reed Allmand
You’re getting squeezed by your debtors. There’s not an hour that goes by when you don’t receive harassing phone calls from collections agencies. Every time you open your mailbox, you’re met by a cascade of final demands and urgent notice letters, all of which document exactly how much you owe to whom. It’s enough to [...]
More...January 30th, 2012 by Reed Allmand
It seems like everyone has an opinion about Chapter 7 bankruptcy – and they’re all too willing to share it with you. From gut-wrenching assertions that you’ll lose your house to fear-inducing statements about the black mark it will leave on your credit score forever, there’s no denying that these opinions create an aura of [...]
More...January 27th, 2012 by Reed Allmand
It seems like everyone has an opinion about Chapter 7 bankruptcy – and they’re all too willing to share it with you. From gut-wrenching assertions that you’ll lose your house to fear-inducing statements about the black mark it will leave on your credit score forever, there’s no denying that these opinions create an aura of [...]
More...January 13th, 2012 by Reed Allmand
When it comes to declaring a Chapter 7 or Chapter 13 bankruptcy, it’s crucial to have the right team of experts by your side. That’s why locating and selecting a great bankruptcy lawyer in Dallas is one of the most important steps you’ll take when declaring bankruptcy. A great bankruptcy attorney can do more than [...]
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If you have been unemployed for a while, you may be thinking about making a career change or seeking self-unemployment. Keep in mind, some state programs are not eligible for those who are self-employed but some states may allow you to collect unemployment benefits while working toward self-employment. You’ll have to review rules and requirements [...]
An offer in compromise lets taxpayers settle tax debt for less than the original amount that is due. While the paperwork for the process can be obtained by the taxpayer who is seeking to apply, it has been recommended to work with a tax expert during the process. There are rules and requirements that need [...]
The bankruptcy process may seem challenging depending on personal circumstances and which chapter is filed. It is often wondered what happens when a co-signer files for bankruptcy protection. In many cases, a co-signer situation makes both parties responsible for outstanding debt. If the account in question goes into default, either party can be pursued by [...]
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.
Learn MoreIf 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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