Some people attempt to do their own bankruptcy work, but it is often a bad idea, because bankruptcy law is complicated.

Once you start doing your research on bankruptcy law, you’ll find a common theme.  Bankruptcy law is extremely complicated.  If you want to find more evidence of that fact, look no further than the book, Personal Bankruptcy for Dummies.  Keep in mind that this quote came from a 2003 printing of the book.  It says:

“An old …

Tags: bankruptcy law Finding a Lawyer Pro Se

Many people find their credit card canceled even though they had a zero balance and the credit card was not included in their bankruptcy schedule.

Imagine six months after your bankruptcy has been discharged.  You’ve turned your financial situation around and there is no more worrying how you are going to pay your bills.  Everything is on the up and up; you’re budgeting well and have a little money to spend, so you decide to pick up the tab for a meal …

Comment by Jacob Decker: … against a person solely because they filed …

Category: Credit Card Negotiation , Credit Crisis , Dallas Lawyer

… are rising for many seniors who refinanced or upgraded their homes during the boom and many are finding it difficult to keep their heads above water financially.  But should seniors sell their life insurance policy to prevent foreclosure or pay off credit card debt.  An article in the Dallas Morning News, raises this interesting question as many insurance companies market this “solution” to seniors facing foreclosure, credit card debt or even medical debt.

The article said: …

Category: Debt and Tax Relief , Economy , Fort Worth Lawyer

… S.; In re (DirecTV Inc. v. Figler), the bankruptcy court ruled that the debtor could not discharge a judgment resulting from pirated cable TV.

The details of the bankruptcy case:

In May 2004 DirecTV won a $70,450 judgment against a debtor for stealing the company’s signal. Shortly thereafter the debtor filed for Chapter 13 bankruptcy relief; but the bankruptcy court ruled that the judgment could not be discharged. The bankruptcy court found that although the debtor was a subscriber …

Category: Bankruptcy Dismissal , Breaking News , Dallas Lawyer

… legislation passed by Congress will take effect February 2010; but many credit card companies are finding loopholes in the law and changing credit card rules now to recoup potentially lost profits. The new credit card legislation will prohibit certain practices related to interest and fees; but many credit card companies are attempting to recoup those lost fees and interest payments in other ways. That’s why cardholders need to watch out for unsuspected changes in the terms and conditions …

Permalink: /credit_card_negotiation/new-credit-card-rules-take-effect-february-but-companies-are-finding-loopholes-now/

… to 6.69 million; but 50 percent of those workers had exhausted their unemployment benefits without finding work.

The article said:

The report shows that job losses are easing after companies made deep cuts earlier this year. But nearly half of recipients at the end of last month had exhausted the 26 weeks of benefits provided under the regular state program without finding work, according to Labor Department data. That’s a record and compared with about 36 percent in December 2007, …

Permalink: /bankruptcy/fifty-percent-exhaust-their-unemployment-benefits-without-finding-work/

All attorneys are not created equally.  Unfortunately, there is a plethora of evidence to suggest that it really is up to the client to properly vet any attorney they plan to employ.  The recent case of an attorney who pleaded guilty to falsifying bankruptcy papers and “loaning” himself nearly $4 million dollars from a client’s estate he was managing seems to emphasize the point.

Moyler was a longtime, respected lawyer in Franklin but was forced …

Tags: Bankruptcy Attorney file bankruptcy Lawyer

… in last minute medical care in anticipation of job loss and thereby insurance coverage.  As a result, insurance companies paid out a higher numbers of claims and incurred more expenses.  Those same companies are now passing the expenses on to consumers like you in the form of higher premiums and changes in coverage.  The article warns workers to pay extra attention to their open enrollment forms this year.  Either because of complacence or convenience, many people simply sign their …

Category: Dallas Lawyer , Economy , Fort Worth Lawyer , Medical Bills

Let’s roll back the clock a bit. Assume it is 2003, and you are in the middle of filing your taxes. You realize that, for one reason or another, you did not pay enough in taxes for that year. Instead of getting a nice refund, you now owe Uncle Sam a sum of money that you do not have. What is the best thing to do in this situation? Without a doubt, you still should file your taxes. Even if you cannot send payment with your …

Tags: Income tax Internal Revenue Service Lawyer United States

… process of deducting money from an employee’s monetary compensation (including salary) as a result of a court order.  Fortunately for those who find themselves in the unfortunate position of having their wages garnished, these payments are limited by federal law to 25 percent of the employee’s disposable income.  Unfortunately, those payments will continue until the entire debt has been paid off.  Any kind of debt can lead to garnishment of wages, but the most common types …

Category: Fort Worth Lawyer , Property Exemptions , Tax - Debt Garnishments

… purchase these “fake” energy efficient products, you won’t get the tax credit. You must get a certificate from the company that certifies the appliance’s energy efficiency if you want the tax credit.  The other reason for caution is that despite how the article makes appliances appear cheap, we all know that appliances are expensive and beg to max out your credit card.  Please think twice about using your credit card to participate in this tax incentive program.  The interest rates …

Category: Economy , Fort Worth Lawyer

… also letting people go, or at least significantly reducing the welcome status of many consumers.  A report by Business Week explains that for the first time in history, historically good consumers are being affected by the credit card companies’ consumer layoffs.  The article gave the example of Terry Mazzera.  A seemingly good candidate for credit and a dependable customer who consistently worked to maintain a credit score above 730, not an easy task in this economy.  With no …

Category: Credit Card Negotiation , Dallas Lawyer