Buying a house after bankruptcy
There are many myths and misconceptions about bankruptcy. Indeed, there are far too many to clear up in just one blog post. But let’s take one such misconception: that by filing bankruptcy, you are compromising your ability to get a mortgage to buy a house in the future. In practice, this is simply not always […]
Student Loan Debt: Can Bankruptcy Resolve It?
You have heard that student loan debt is not dischargeable in bankruptcy. It’s true that is the general rule. But in certain cases, when there is undue hardship, it is sometimes possible to discharge student debt through bankruptcy. In fact, such a discharge just happened in a case in Buffalo, New York, involving a 64-year-old […]
Small Business Bankruptcy: Structure Affects Choices
In order to get the fresh start that bankruptcy can offer, you’ve got to consider which type would be best for you. Chapter 7 bankruptcy is often known as “liquidation” or straight bankruptcy because it requires clearing out all nonexempt property to satisfy debts owed to creditors. If they meet certain requirements, Texas consumers can […]
Rebuilding Credit After a Texas Bankruptcy Filing
There are many misconceptions about bankruptcy law. Eight years after the law was revised, many people are still under the impression that the requirements may be too difficult for them to meet. When you talk with a consumer bankruptcy attorney, however, you will better understand the big picture. It’s true that the law, as amended […]
Bankruptcy and Taxes: Rebates Can Help Finance a Filing
Bankruptcy and taxes can go together in a couple of different ways. For people in search of debt relief, bankruptcy can potentially allow the discharge of income tax debt. This could include stopping an IRS tax levy. There’s another way as well. New research shows that many Americans who are short of cash are using […]
Reasons for Personal Bankruptcy Reflect Tough Economy
The tough economy means there are many reasons to consider filing for consumer bankruptcy. Debt takes many forms and the effect of all of those debts is cumulative. For example, if you are suddenly hit with major medical bills, it can become difficult to make your mortgage payments. The same is true of job loss. […]
Reasons to File for Bankruptcy
So you’re in a financial bind? It’s safe to say that 2011 hasn’t been the best financial year for many Americans. The economy is still sluggish and jobs are still scarce. While filing for bankruptcy may have never been an option before the recession, credit card bills can stack up and unemployment checks are running […]
Texas’ 2012 Financial Forecast
As we ring in the New Year with champagne and fireworks, we can’t help but wonder what the year will actually bring us. Could the economy take a turn for the better? Will the string of bankruptcies finally slow? What will happen to the almighty dollar? While even analysts merely make educated predictions about the […]
How Do I Pay My Bankruptcy Attorney?
Filing for bankruptcy may seem intimidating. For most clients, their first question is, “How do I pay my bankruptcy attorney when I’m already in debt?” While the whole concept may seem overwhelming and discouraging, filing for bankruptcy can remove a huge burden from your life and ends up being worth every penny. Sadly, most people […]
Cash Money Rapper files for Bankruptcy
It’s hard to imagine a rapper going bankrupt, especially when they’re a member of a group called “Cash Money.” Unfortunately for Young Buck, former G-Unit soldier, this is exactly the case. Young Buck filed for bankruptcy back in September 2010 just one month after his home was raided by IRS agents. Young Buck’s Trustee as […]