AP News reports that every year, only a fraction of Americans that need financial help file for bankruptcy. 14% of U.S households need financial help but only 1% of them file for bankruptcy. Many wonder why these households are not getting the financial help they need. Bankruptcy attorneys have a simple explanation: bankruptcy is [...]
Reuters reports that the previous billionaire owners of Brooks Brothers are being sued for driving Brooks Brothers into the ground rather than selling it in order to avoid paying millions of dollars to one of their investors. The investor, Tal Apparel, claims Claudio Del Vecchio and his son Mateo pressured Tal Apparel to invest [...]
Yahoo! Sports reports that Evander Kane, professional ice hockey left winger for the San Jose Sharks, says his bankruptcy coming to light brought him relief. Kane spoke to reporters about how dealing with the bankruptcy has been very stressful, but about how it was a relief to not try and hide it anymore. He [...]
Radar reports that bankruptcy trustees are now turning their attention towards Girardi's estranged wife, Erika Jayne. "The Real Housewives Of Beverly Hills" reality star is being pursued because of allegations that she may have fraudulently received millions of dollars from Girardi. From The Article: "At the moment, Erika’s ex Thomas Girardi, a once-respected lawyer, [...]
KXAN Austin reports the the popular Austin, TX based theater chain is closing two locations in the State of Texas in response to their recent Chapter 11 Bankruptcy filing. The two locations are in Austin, TX and San Antonio, TX. From the article: Alamo Drafthouse has 41 theaters in 10 states, including six theaters [...]
Bankruptcy exemptions help debtors keep some of their property from being seized by the court. In Texas, you may file for exemptions in your homestead, personal property, personal accounts, or vehicles. If you are married, additional exemptions apply. In bankruptcy filings, all non exempt assets are placed in a bankruptcy estate and managed by the [...]
“Bankruptcy” is a legal proceeding in which a person who cannot pay his/her bills can get a “fresh start”. In Texas, the bankruptcy code is a federal law, meaning it applies uniformly nationwide. Filing for bankruptcy immediately stops creditors from collecting debts from you until the debts are sorted out through an “automatic stay.” Each [...]
Figuring out your financial situation is imperative in a bankruptcy petition. For starters, you need certain details to be able to correctly accomplish your bankruptcy forms. In case you’re hiring a bankruptcy lawyer, the information is also important for him or her to provide you with proper legal help with the right debt relief solution. [...]
If you are looking into filing bankruptcy in Dallas, you must already be having stressful financial problems. You may probably think that it will save you attorney’s fees if you do it on your own. However, you may be unaware that it is a costly mistake in the long run. Working with an experienced Dallas [...]
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, [...]
