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December 2013 Archives

Is it possible to leave a home while in bankruptcy?

For many people, bankruptcy provides a new start in their financial lives. Depending on which form of bankruptcy you qualified for, you may be debt-free, or you may be making payments on some debts, such as your mortgage. A Chapter 13 bankruptcy reorganizes your debts and for the next three to five years, you make monthly payments that go towards the balance of your debts. Chapter 7 bankruptcy wipes your unsecured debts away and lets you walk away from other debts, like your mortgage.

Which form of bankruptcy is right for you?

Many people live with significant amounts of debt and struggle to make ends meet. People who have a difficult time paying down their debt often have a hard time paying for everyday expenses. The situation only gets worse when debt collectors start calling, trying to pressure them into paying their debt.

Post-bankruptcy American Airlines enters new stage of life

It's official. American Airlines has been reborn. As of this morning, Dallas-based American and US Airways were consolidated into what is the world's largest airline. The company is retaining the American Airlines name, but its executive team will be comprised mainly of US Airways leaders. Former US Airways CEO Doug Parker becomes CEO of the new entity.

Chapter 13 bankruptcy changes could be forthcoming

Chapter 13 bankruptcy differs from Chapter 7 bankruptcy. In a Chapter 13 bankruptcy, filers are given the opportunity to pay off one's creditors - or at least pay part of what is owed. The repayment usually occurs over three to five years, and in many cases, the filer is able to keep his or her assets. While Chapter 13 bankruptcy is filed in Federal Bankruptcy Court, many states don't have uniformity when it comes to how each case is dealt with. That is the goal of the Judicial Advisory Committees on Bankruptcy and Civil Filings.

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Plano, Texas 75074

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Sherman, Texas 75090

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Dallas, Texas 75206

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