Posts Tagged ‘Life After Bankruptcy’

My Spouse Died During Bankruptcy, Will I Lose The Life Insurance Payout?

If you are filing a joint bankruptcy with your spouse and your spouse dies during the bankruptcy process, this could impact your case in several ways. One of the most important consequences of the death of a filing spouse during bankruptcy is that the life insurance benefit payout cannot become part of the bankruptcy estate.  For example, if you and your spouse filed bankruptcy in January 15, 2010 and your spouse passed …

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Category: Bankruptcy , bankruptcy law

Tags: Bankruptcy Insurance policy Life insurance Texas

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Life After Bankruptcy: Taking Back Control

One reason declaring bankruptcy terrifies so many people is the fact they have to admit they’ve lost control over their finances–and life in general.  Nobody likes to feel powerless and out of options.  But bankruptcy doesn’t have to be the end, it can be the beginning of you taking back control over your situation.  Here are a few steps that can help you feel more proactive and in control once you file …

Category: Bankruptcy , Credit Counseling , Filing Bankruptcy

Tags: Bankruptcy Credit Life After Bankruptcy

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Should Pamela Anderson File Bankruptcy?

Pamela Anderson has disputed rumors that she is considering bankruptcy.  But should the former Baywatch star file bankruptcy given the multiple liens placed o her property? According to several reports, Pamela Anderson is facing liens from various construction companies for unpaid bills totaling nearly $1 million and a bill for $252,360 for unpaid California state taxes. But despite the reports, Anderson says that she is far from filing bankruptcy : …

Comment author: Should Pamela Anderson File Bankruptcy? | Reed's Bankruptcy Blog iSilverlight

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Category: Bankruptcy

Tags: Bankruptcy Celebrity Pamela Anderson Real estate Taxes

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What Can I Keep Under Chapter 7 Bankruptcy?

The burning question in most potential bankruptcy debtors’ minds is “What can I keep?”  You’re understandably worried about losing everything, but let me just put your mind at ease.  You’re definitely not going to lose everything. In fact, most people keep everything.  Bankruptcy was created specifically to help consumers sinking under the waves of financial overburden, and both state and federal law provide for …

Comment by Jim Ince: … of value in a bankruptcy. Most people worry about …

Category: Chapter 7 Bankruptcy , Dallas Bankruptcy Laws , Fort Worth Bankruptcy Laws , Property Exemptions , bankruptcy law

Tags: bankruptcy law chapter 7 Exemptions Texas

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Texas State-Specific: Bankruptcy and Divorce

… can often be a big factor when people are making the tough decision whether or not to file for bankruptcy.  Sometimes, divorce is the cause of the financial hardship leading the individual toward bankruptcy.  Other times, individuals need to know what the requirements are when it comes to divorce settlement proceedings if you already know you’re going to file for bankruptcy.  A recent case here in Texas demonstrates that failing to disclose your intention to file for bankruptcy during …

Comment by Jacob Decker: … especially in bankruptcy. Do yourself a favor and …

Category: DFW Metro Bankruptcy , Divorce and Bankruptcy , Economy

Tags: Bankruptcy Divorce Law Lawyers and Law Firms Texas

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Pilgrim’s Pride’s Post Bankruptcy Moves Include Texas Job Losses

… jobs and streamline processes, Pilgrim’s Pride which was purchased by JBS USA during Chapter 11 bankruptcy, implemented 230 corporate and administrative job losses, including 160 job losses in East Texas.

“We operate a lean corporate structure,” said spokesman Chandler Keys. “One of the main goals is to make sure we don’t have layers of bureaucracy.”

While more job losses aren’t currently planned, Keys did not rule out additional job losses in the future.  As part of …

Comment author: Tweets that mention Pilgrim’s Pride’s Post Bankruptcy Moves Include Texas Job Losses | Reed’s Bankruptcy Blog — Topsy.com

Comment by Tweets that mention Pilgrim’s Pride’s Post Bankruptcy Moves Include Texas Job Losses | Reed’s Bankruptcy Blog — Topsy.com: … Pride’s Post Bankruptcy Moves Include Texas Job …

Category: Bankruptcy , Chapter 11 Bankruptcy , Unemployment - Job Loss

Tags: Bankruptcy Job Loss Pilgrim's Pride

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What Is The Process Of Chapter 7 Bankruptcy?

After the debtor delivers all requested paperwork to his/her bankruptcy attorney, the bankruptcy petition is filed with the bankruptcy court.  The bankruptcy petition is generally 45 to 50 pages long but may be shorter if we are filing an “emergency bankruptcy” which is used when you need bankruptcy fast to stop an imminent foreclosure, wage garnishment etc. …

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Category: Chapter 7 Bankruptcy , Dallas Bankruptcy

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House Rules Committe Agrees to Consider Bankruptcy Modification Amendment Today!

… below for contact information.

The House Rules Committee just minutes ago agreed to allow the bankruptcy modification amendment to be considered on the House floor as an amendment to the broader financial services reform bill AS EARLY AS THIS AFTERNOON!!

H.R. 4173 being offered by Reps. Conyers, Turner, Lofgren, Marshall and others  will help financially distressed families avoid foreclosure. This amendment will empower bankruptcy judges to modify mortgages on primary residences, …

Comment author: House Rules Committe Agrees to Consider Bankruptcy Modification … Leading just to Me

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Tags: Bankruptcy Community Action Financial services foreclosure Mortgage United States House Committee on Rules

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Girls Gone Wild Owner Facing Bankruptcy?

Girls Gone Wild owner Joe Francis, may be facing bankruptcy after the IRS placed a lien against him for $34 million and seized his bank accounts worth approximately $100 million.  The IRS claims that Joe Francis has failed to pay taxes for 2001, 2002 and 2003; but the Girls Gone Wild owner claims that he owes the IRS nothing.  The tax lien came just weeks after Francis agreed to a plea deal to escape jail in his federal tax evasion case. …

Comment author: Girls Gone Wild Owner Facing Bankruptcy? | Reed's Bankruptcy Blog Compare on me

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Category: Bankruptcy

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Bankruptcy–Just Another Strategy In The Game Of Life

… condo conversion project. His comments were very revealing about how he and others like him view bankruptcy. Referring to his personal bankruptcy options, Swig said:

“We are exploring all options,” one of Swig’s advisers told The Post. “No one wants to do it but it’s certainly a play on the chessboard that we are considering at this time.”

Interesting…another play on the chessboard?  Well, that’s a man who has put things into perspective.  Many individuals who have …

Category: Bankruptcy , Debt Consolidation , Loans / Mortgages

Tags: Bankruptcy Condominium Dallas Morning News

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Timing Your Bankruptcy Filing

There are a few situations that help determine if you should delay your bankruptcy filing.

If you are considering filing for bankruptcy, there are a small number of special circumstances where your best option would be to delay filing for bankruptcy.  Of course it would be best to speak to a bankruptcy attorney as soon as possible, but there are a few general situations that an attorney might mention as reasons to delay your filing.

The first is if you owe …

Comment by Jacob Decker: … file chp 7 bankruptcy before getting divorced!! …

Category: Divorce and Bankruptcy , Filing Bankruptcy

Tags: bankruptcy law Chapter 7 Title 11 United States Code Lawyers and Law Firms United States

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Regaining Control of Your Life

Regaining Control of Your Life:  How filing for bankruptcy can put you back in the driver’s seat of your own life.

One thing is indisputable about making the decision to file for bankruptcy:  it puts you back in control of your own life.  Just think about that for a minute.  Your finances have been spiraling more and more out of control for the past months, if not years.  Belligerent bill collectors are harassing …

Comment by Jacob Decker: … be an experienced bankruptcy attorney. If clients would …

Category: Bankruptcy , Bankruptcy Dismissal , Chapter 13 Bankruptcy

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