Before you come in to visit an Allmand Law attorney for a bankruptcy meeting there is some information you need to bring along to help get an accurate picture of your financial situation. Gathering this information beforehand can make the initial consultation more tailored to your individual situation. You will be given a packet of [...]
You're practically drowning under debt - between your credit card bills, medical debt , mortgage payments and other loan payments, you don't have enough money to meet the cost of living. There's no denying that you're ready to file for a personal bankruptcy. But if you think that you'll be eligible to file for a Chapter [...]
Once a debtor receives a bankruptcy discharge, a two page document called "the discharge notice" is issued. This document simply states that the debtor is granted a discharge but won't specifically mention which debts were discharged in bankruptcy. Why is that? It's because while there are some debts which receive an automatic discharge, there are [...]
Can Unmarried Couples File Joint Bankruptcy? Couples who aren't married, even those who have legally recognized civil unions, cannot file bankruptcy even if their debt was jointly incurred. Bankruptcies fall under federal jurisdiction and are not filed in the state in which you reside, so federal laws apply to bankruptcy cases. This is why civil [...]
As a high-income individual, you may not think that your money behavior contributed to your Chapter 11 bankruptcy. Perhaps you think it was down to a few bad investments, or a business that went under due to the harsh economic climate. Whatever the reasons for your Chapter 11 bankruptcy, it's important to note this one [...]
Deciding to file for bankruptcy can be a major turning point in your life, it gives you a chance to start over and make some wise financial decisions in the future. But in the interim between deciding to file for bankruptcy and actually filing there are some things you shouldn't do as they can actually [...]
Submitting Old Tax Returns to the Bankruptcy Court Debtors filing bankruptcy need to submit their last four years of federal and state tax returns. While the state of Texas does not have an income tax, if you lived in another state and/or paid taxes in another state in the past four years, you will need [...]
Chapter 11 Bankruptcy Myths There's a wealth of information online about how a Chapter 11 bankruptcy can affect your finances- and what you can do to prevent bankruptcy from permanently affecting your credit score. However, like many things on the internet, it's important to consider the source of the advice, and whether or not that [...]
File Segregation Scams You just exited bankruptcy and your feeling excited about your newfound freedom from debt. You know it's going to take time and effort to rebuild your credit and finances but you feel it's worth it. A few weeks after the glow starts to wear off you receive an "invitation" in the mail [...]
Some people are so worried about all the consequences of filing for bankruptcy that they forget to look at the consequences of NOT filing bankruptcy. Obviously, every individual situation is unique and should be discussed in frank detail with one of our attorneys, the following information can help you make the decision whether a bankruptcy [...]