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Bankruptcy Q&A

Allmand Law Firm
March 1, 2010 Bankruptcy, Bankruptcy Q&A

When Can You Expect Your Bankruptcy Discharge to Occur?

  Depending on the type of bankruptcy you file, you can expect your bankruptcy discharge to happen at a certain time after you file for bankruptcy. For anyone filing bankruptcy, a bankruptcy discharge is...

Bankruptcy and Personal Responsibility

Bankruptcy and the debtors who seek bankruptcy protection have often been the unfortunate victims of unfair labels and generalizations.  One of the unfair and inaccurate labels given to debtors who file bankruptcy is "irresponsible." ...

Above Median Income Earners and Bankruptcy

In 2005 the bankruptcy code was changed to make it difficult for above median income earners to file Chapter 7 bankruptcy and discharge their debts.  In Texas, the median income for a 2 person...

Allmand Law Firm
February 26, 2010 Bankruptcy, Bankruptcy Q&A

Seven Signs That You Have An Incompetent Bankruptcy Attorney

In the most recent case of bankruptcy attorneys gone bad, attorney William Kaplan's license was suspended for misconduct which once again brings to light the importance to retaining a competent bankruptcy attorney. This bankruptcy...

How Chapter 11 Bankruptcy Can Save Good Companies During Hard Times

Chapter 11 bankruptcy has become almost a like a "miracle cure" for companies around the country.  At the onset of the recession and foreclosure crisis, many companies desperately sought the protection of Chapter 11...

Four Bad Reasons For Delaying Bankruptcy

Debtors delay bankruptcy for many reasons and while there may be some legitimate reasons to delay bankruptcy most of them are not legitimate. Below are four bad reasons for delaying bankruptcy: You're hoping that...

It’s Been Years Since I Stopped Paying My Credit Card, Will They Sue Me?

In the state of Texas there is a four year statute of limitations on the ability of debt collectors to sue a debtor because of an unpaid credit card debt.  What that means is...