When a small business owner chooses to file for bankruptcy in Texas, they may fear for the future of their business. Whether or not a business owner is able to keep their business after bankruptcy depends on the type of business they have and the type of bankruptcy...
Texas debtors who are considering bankruptcy may wonder what chapter 7 bankruptcy entails. The chapter, also known as liquidation, involves the selling off some of the debtor's property and assets in order to pay a small portion of the owed debt. Texas law does exempt...
A Texas bankruptcy case does not begin until a petition is filed, and it is important to complete some preliminary steps before filing. Chapter 7 is ideal for liquidation purposes, allowing many unsecured debts to be discharged. However, this is reserved for those who...
Filing for bankruptcy is something that is done when mounting debt is too much to overcome, but the fact of the matter is that you do need some money up front to file for it at all. Understanding these costs can help you make a wise decision about what you should do,...
The Supreme Court of the United States is the court of last resort in this country. It's where dueling decisions from lower courts go to be addressed. Typically when the justices agree to hear a case, the decision provides some clarity. Sometimes, though, it raises as...
An old saying, generally said to come from Native American culture, goes "Don't judge a man until you have walked a mile in his shoes." The sentiment is one that has echoes in nearly every culture. "Let him who is without sin cast the first stone" comes to mind as an...
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...
Trickle-down theory is something that took the nation by storm back in the days of Ronald Reagan. The concept behind it was that if you lower tax rates for investors -- usually the wealthy -- it frees up more money to stimulate production, and spur growth that...
Financial difficulties have a way of haunting. Even after steps are taken to seek the kind of debt relief available through the various forms of personal bankruptcy, circumstances over which we have no control can develop that effectively knock us back to square...
One of the significant advantages available to a person filing for personal bankruptcy in Texas, regardless of the form taken, is the protection that it can afford. With the filing of a petition for Chapter 7 or Chapter 13 bankruptcy, an automatic stay goes into...
Bankruptcy Stressed out from creditors calling you? Frustrated with your debt? We can help.
Criminal Defense Under investigation? Been arrested? Keep your mouth shut!