One of the biggest deterrents for those considering bankruptcy is the belief that they cannot afford a bankruptcy attorney. Because of this belief many debtors attempt to file bankruptcy on their own and end up losing assets or worse face sanctions by the bankruptcy court because they have made a big mistake that gave the [...]
Most debtors who are considering bankruptcy are those who should have filed bankruptcy months or even years ago. They're facing foreclosure, lawsuits, wage garnishments and repossessions by the time they finally step into a bankruptcy attorney's office. But there is another type of debtor considering bankruptcy who has excellent credit; but foresees a financial problem [...]
Sometimes a creditor may be able to attach attorney fees to a bankruptcy case. But attorney fees cannot be attached to a bankruptcy case unless there is a Proof of Claim that has been presented to and approved by the bankruptcy court. Proof of Claims are evaluated according to the Texas state bankruptcy law.If the [...]
Bankruptcy dismissal is scary, it can happen to the best of us; but it doesn't have to be the end of the world. If your bankruptcy case was dismissed, you need to first contact your bankruptcy attorney. Or, if you attempted to file bankruptcy without an attorney and your bankruptcy case was dismissed, you need [...]
An automatic stay, which generally becomes effective once a bankruptcy is filed, stops all collection actions against the debtor. But the automatic stay will end once one of the following events occur: The Bankruptcy Case is Closed in a Chapter 13 Case For example, if a debtor withdraws a bankruptcy petition then the case would [...]
Many debtors considering bankruptcy know they need a bankruptcy attorney; but they are afraid of what it will cost and of course how they will pay the fees. If you're considering filing for bankruptcy and are worrying about how you will pay bankruptcy attorney fees, you're not alone. To take away the mystery of bankruptcy [...]
When parents file for Chapter 7 or Chapter 13 bankruptcy , the bankruptcy trustee is not allowed to seize any existing accounts designated for a minor. But the bankruptcy trustee can prevent a debtor from continuing contributions to a child's account including a college fund or college trust. Not only can the bankruptcy court demand [...]
If you are filing a Chapter 7 or Chapter 13 bankruptcy be careful how you calculate your income. Does your employer pay your rent or mortgage? Do you drive a company car? What about travel expenses to and from work? Do you use the company credit card to pay for personal items? All of these [...]
Workers need a car, that's just a fact. Unless you live in a centralized city like New York, a car is a necessity. If you want to get a job, keep a job, shop, take the kids to school and other outings, the car is essential to daily survival. But what about a debtor filing [...]
For years banking institutions have worked hard at convincing debtors that they should bank and borrow money at the same financial institution. But what if things go bad and you can't pay your bills without jeopardizing the roof over your head?Filing for bankruptcy will stop judgments and other collections efforts of creditors; but what if [...]