If you are struggling with overwhelming debts, debt settlement and bankruptcy are two options that can help you regain good financial health. While many people are familiar with the word “bankruptcy,” debt settlement is less well known, and the differences between both options are unclear to many. For the benefit of our clients, this blog [...]
You may hear about why it is important to review your credit report annually to make sure information is current and being reported properly to the credit bureaus. But anyone considering bankruptcy should also review their credit report before filing bankruptcy to make sure they include all of their creditors in their documentation and schedules. [...]
Bankruptcy fraud is a serious federal offense that can cost you more than just your personal possessions – it can cost your freedom. There are various ways debtors try to deceive the court from learning more about personal finances. Many consumers may not realize that doing one act alone, such as concealing an asset, can [...]
The state of Texas, along with a few other states, may not allow creditors to garnish wages to satisfy debts, except for special circumstances such as spousal / child support, student loans, and federal taxes. A wage garnishment is when a creditor receives permission from the court to withhold payment from paycheck earnings and have [...]
Chapter 13 Bankruptcy is known as the “wage earner plan” because it allows debtors who have some amount of disposable income to retain their property and make payments toward their debt over the span of several years (usually five). The bankruptcy means test will typically determine if this Chapter of bankruptcy is most appropriate for an individual. Debtors considering [...]
If you file personal bankruptcy, it can take a significant toll on any business ownership in your name, depending on how the business was legally organized and the type of bankruptcy petition filed with the court. Under United States bankruptcy code, there are two types of filings for individuals; they are indicated by "Chapter" numbers, [...]
There are too many debtors who think they can file bankruptcy protection and feel the court doesn't need to know everything about their finances. The bankruptcy code was established with federal regulations providing a fair option for debtors who truly need financial help. When individuals abuse the law for their own benefit, they can face [...]
Getting the outcome you deserve for your financial situation includes having the right legal representation in your corner. Taking time to choose an experienced bankruptcy attorney may save you headache and frustration down the road, and can make all the difference in the outcome of your case. Debtors have been known to choose an attorney [...]
If you are considering bankruptcy or have plans to file bankruptcy in the future, getting prepared ahead of time can affect the outcome of your case. At Allmand Law Firm, PLLC, we know that failing to prepare or taking the wrong steps can significantly jeopardize the success of a case. This is why we do [...]
One factor that can make a difference in how your bankruptcy case proceeds is meeting necessary deadlines. There are a number of timelines related to your case that play a big role in helping achieve the outcome you want. While there may be several deadlines you need to consider, it helps to think about them [...]
