Most people use bankruptcy as a tool to help them recover from bad planning, foolish spending and/or unfortunate circumstances and start fresh. But what about people who don't really need to start over, elderly people who have been diligent about paying their bills all of their lives until they suddenly find themselves in a financial [...]
When to Delay Filing Bankruptcy You should consult with one of our Dallas bankruptcy attorneys or Fort Worth bankruptcy attorneys before you decide to file for bankruptcy and they can help you determine if this is the time to file or if you should wait a while. Some of the valid reasons you may want [...]
There are a few different types of bankruptcies that you can file. Each form of bankruptcy has its own qualifications and comes with some benefits and pitfalls. This means that before you even decide to file for bankruptcy you should speak with one of the experienced bankruptcy attorneys at Allmand Law to weigh your options [...]
Signs of an Impending Bankruptcy When it comes to declaring bankruptcy, it's typically not the immediate financial behaviors that land you in hot water - rather, it's been months or years of poor money judgments that planted the seeds of an impending bankruptcy. But for some individuals, it doesn't matter how obvious it's become that [...]
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 [...]
Filing for bankruptcy is a big decision in your life, for some it is the best option for getting out from under debt, for other people it's not a good decision as they could pay off their bills with some financial counseling. For people who are still not sure if bankruptcy is right for them, [...]
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 [...]
A Chapter 13 bankruptcy is a court ordered repayment plan that helps filers establish plans that they can manage so they can stay on top of their debts and in some cases keep their homes and other priority items. A traditional Chapter 13 bankruptcy lasts for three years but they can be extended to five [...]
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 [...]
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 [...]