While studies have shown that over the past year alone, bankruptcy filings have shown a slight decrease, this doesn't necessarily mean the economy is improving. A number of consumers have cut back on spending and borrowing since the housing market collapse in 2007. But, as people try to stick to reasonable budget, dealing with other [...]

There are times filing bankruptcy is necessary in order to maintain a level head and to keep from drowning in debt. If you find yourself relating to any of the following reasons, you may want to discuss your situation further with an experienced bankruptcy attorney. Obtain a fresh start. You don't have to keep struggling [...]

Losing Your Job If You File Bankruptcy In most cases, bankruptcy has no effect on current or future employment. Many consumers new to the bankruptcy filing process may worry about suffering potential consequences if they decide to file. This is a common question asked about at the beginning of the filing process. For the most [...]

Sometimes the reason why you think you can't do something is from not knowing enough information in the first place. Bankruptcy is one of those things for a lot of people. There are times people may give up on their finances when the solution to their problem is right in front of them. It is [...]

If you are thinking about contacting a Fort Worth bankruptcy attorney, you probably have concerns about what to ask. You may be considering bankruptcy if you have been struggling to make payments on debt obligations. Talking with a qualified attorney can be a significant step toward gaining financial control, but at the same time, you [...]

Every year there seems to be more cases of people concealing details about their assets in bankruptcy. Too many people are under the impression they will lose what they have to creditors when they file, and feel the need to hide it in order to protect it. Such actions are considered unlawful and you can [...]

A bankruptcy trustee helps administer the case while it proceeds through the court process. The trustee is actually a part of a U.S. Trustee program developed through the Bankruptcy Reform Act of 1978 under the Department of Justice through the Attorney General. Depending on which chapter is filed, the role of the trustee varies. In [...]

Some debtors may get confused about the aspect of listing all debts when you file your petition. You are required by the bankruptcy court to submit all details in relation to outstanding debts, including creditors that are owed and their outstanding balances. But, what happens when more than one collection agency gets a hold of [...]

Small business owners can benefit from bankruptcy in a number of ways. Aside from using this powerful financial tool to help eliminate business debt, you can get legal assistance in restructuring or reorganizing your financial obligations. This may help you gain more control over business finances while remaining in business. There are a few aspects [...]

Some people may wonder if there is a specific time you should file for bankruptcy protection. Better yet, is there a good time to begin the filing process? In most cases, it depends on personal circumstances in your situation. Each person has different needs and this makes each case unique. Most who file are seeking [...]