Month: March 2015

Actions to avoid before filing bankruptcy

When a person in Texas files for bankruptcy protection, a trustee is assigned by the court. In addition to assessing assets the debtor has on hand that can be sold to pay off creditors, the trustee is also responsible for determining whether valuable assets were...

When bankruptcy can be the correct choice

The last time a major change was made to bankruptcy laws was in 2005, when new regulations were passed that made it more difficult for people to file. Due to the stigmata that tends to be associated with filing for bankruptcy, it was considered by many to be a good...

Texas bankruptcy and federal tax debt

People considering filing bankruptcy in Texas should be aware that only certain types of bankruptcy allow for tax debt relief. In addition, only certain kinds of federal tax debt are eligible for relief. Understanding how various types of bankruptcy work is important...

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