Just in case you weren't confused enough about all the ways to monitor and possibly improve your credit score after bankruptcy, a report by the Consumer Financial Protection Bureau (CFPB) has revealed that the FICO score you see probably isn't the same one lenders use.  According to the CFPB, FICO scores offered to consumers [...]

Debtors who earn more than the median income for their state will need to take the means test to determine their eligibility for Chapter 7 bankruptcy . Below are some important deductions above-median income debtors may want to consider when thinking about bankruptcy. Debtors considering bankruptcy should think about whether or not their taxes can [...]

Filing Bankruptcy as a Sole-Proprietor If a sole-proprietor files bankruptcy, their business and personal assets are treated the same - the same goes for their debts.  If the sole-proprietor files Chapter 7 bankruptcy , they can discharge their unsecured debts; but won't be forced to close their business as would be the case if they were [...]

In a recent Chapter 7 bankruptcy case, an attorney employed by the bankruptcy trustee submitted what the court considered "inflated" charges for her services. The attorney justified her charges to the bankruptcy estate saying that she in fact was working on two cases, one for the individual debtors and another for the company owned by [...]

Debtors exiting bankruptcy are often afraid of debt and the credit industry in general. Many post-bankruptcy debtors are gun shy about applying for credit because they are terrified that they will make mistakes which will land them in bankruptcy court again. On the other hand, it is absolutely essential that post-bankruptcy debtors jump back into [...]

Short Selling Your Home During Bankruptcy Bankruptcy Short Sale Solutions Whether you're in a Chapter 7 bankruptcy or a Chapter 13 bankruptcy , you may be able to short sell your home. Short sells during bankruptcy are most common when a debtor files bankruptcy after already putting their house on the market. Maybe they have [...]

When hiring a Dallas bankruptcy attorney what payment methods to use are often NOT at the top of a debtor's list of things to think about. However, payment methods are in fact restricted when hiring a Dallas bankruptcy attorney.  Because some payment methods can create a conflict of interest or even imperil your bankruptcy discharge, [...]

In the Chapter 7 bankruptcy case of a Texas debtor, the state Probate Court issued an order directing that a certain amount of money be paid to a plaintiff in the case and that the bankruptcy case be dismissed.  The debtor argued that it is not in the domain of the bankruptcy court to handle [...]

One of the biggest fears that debtors have is that they will be denied a bankruptcy discharge. But in most cases this fear isn't based on reality; but on a misunderstanding of how bankruptcy law actually works.  Bankruptcy courts do not have the right to just randomly deny a debtor a discharge. Denial of discharge is [...]

How Bankruptcy Delay Impact Retirement It's an unfortunate reality of our current economy, but many workers over 40 are finding that their debt load is seriously interfering with their ability to either save for retirement or to maintain the savings they have already accumulated.  Many over-40 workers (and those who are unemployed) are stuck in [...]