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, [...]
Former U.S. Bankruptcy Trustee Marika Tolz, who was convicted of misappropriating bankruptcy estate funds, was sentenced to 81 months in jail, followed by 3 years of supervised release, 18 months of which will be served under house arrest. For more than 20 years, Tolz had been a Chapter 7 bankruptcy trustee, required to collect property [...]
The newly formed Consumer Financial Protection Bureau's (CFPB) oversight obligations will include the big three credit reporting Equifax, Experian and Trans Union. But it's still not clear exactly what type of powers they will have over these companies. However, there is some speculation that the CFPB's powers will extend well beyond those of the FTC. [...]
Financial trouble is a part of life, even after you have filed bankruptcy it's normal that you will have some rough times ahead. At least once every ten years, most Americans face at least one major financial issue. But how should you handle financial troubles when they come your way? There are a myriad of [...]
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 [...]
More Americans are relying on credit cards as their wages stagnate or shrink and food/fuel prices continue to rise. After-tax income adjusted for inflation fell 0.1 percent from January through May, according to figures from the Commerce Department. The drop came as Labor Department data showed energy prices rose 8.2 percent and food climbed 2 [...]
Filing Bankruptcy After 60 More than forty-five years have passed since Title IV of the Higher Education Act which authorizes the government to issue federal student loans was passed in 1965. Many students who took advantage of the student loan program then and in the years following still find themselves mired in debt which 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 [...]
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 [...]
So you're out of bankruptcy for a few years now and you're ready to take your credit restoration efforts to another level. You already have a few low-credit, high interest rate credit cards; but you just qualified for new credit card with low interest and a high limit. Should you transfer the debt from your [...]