http://www.allmandandlee.com/dallas_bankruptcy_blog A Dallas, Texas Bankruptcy Blog Wed, 25 Jun 2008 20:27:28 +0000 http://backend.userland.com/rss092 en Many people are having difficulty in repaying their mortgage, car loans or credit card bills due to job loss or simply because they don’t make enough money. If this is the case for you, and if your creditors are hounding you for payments, then this could be the right ... http://www.allmandandlee.com/dallas_bankruptcy_blog/2008/06/25/when-is-it-time-to-file-bankruptcy/ If you find yourself owing a lot of money to your creditors, either by way of secured or unsecured loans, then you could file for bankruptcy - and start your financial life all over again. Below are the steps that you will need to take in order to ... http://www.allmandandlee.com/dallas_bankruptcy_blog/2008/06/23/what-to-expect-when-you-file-for-bankruptcy/ If you are facing financial difficulty and wish to file for bankruptcy, then you could file under either chapter 7 or chapter 13. However, consumers are now required to pass a 'means test' in order to qualify for filing under chapter 7. The new bankruptcy laws make ... http://www.allmandandlee.com/dallas_bankruptcy_blog/2008/06/20/chapter-13-bankruptcy-explained/ If you live in Plano, Texas and find yourself in a financial crisis that you cannot seem to get out of, then you may want to consider filing for Chapter 7 bankruptcy. Under this chapter, it is possible to liquidate all your unsecured debt - such as credit ... http://www.allmandandlee.com/dallas_bankruptcy_blog/2008/06/11/in-financial-crises-in-plano-texas-consider-filing-chapter-7-bankruptcy/ When hiring an attorney to assist you in filing for bankruptcy, it’s important to make sure they are Board Certified.  Only a small portion of attorneys actually carry this certification.  What does it mean to be Board Certified?  In order to qualify, an attorney must have continually practiced in the area ... http://www.allmandandlee.com/dallas_bankruptcy_blog/2008/06/09/attorneys-and-bankruptcy/ Filing for bankruptcy can yield very positive results for people who owe the IRS. Once you file for bankruptcy, you are provided immediate paycheck protection. In addition, certain types of tax debt are dischargable.  This means all the tax money you owe is wiped clean.  Not all types of tax ... http://www.allmandandlee.com/dallas_bankruptcy_blog/2008/06/09/taxes-and-bankruptcy/ Is it ethical to transfer non-exempt property to a family member before filing for bankruptcy?  The answer is no.  Making transfers in contemplation of bankruptcy can have negative results for the filer.  Ninety days before filing for bankruptcy it is presumed that you are insolvent or, in essence, bankrupt.  Any ... http://www.allmandandlee.com/dallas_bankruptcy_blog/2008/06/06/dallas-bankruptcy-non-exempt-property-transfers/ For the most part, student loans cannot be discharged, even by filing for bankruptcy.  The vast majority of people will have to pay back all the money they borrowed for their education, plus any interest acquired.  There are a few cases that qualify for forgiveness from a lender.  If a ... http://www.allmandandlee.com/dallas_bankruptcy_blog/2008/06/06/bankruptcy-help-for-people-with-student-loans/ Unfortunately, student loans are not dischargable by bankruptcy.  In the 1980s, Congress instituted reform to make student loans non-dischargable.  The public policy and motivating factor behind this was to ensure funds are available for people that desire an education.  Policymakers reasoned that if people were allowed to file for bankruptcy ... http://www.allmandandlee.com/dallas_bankruptcy_blog/2008/06/03/bankruptcy-and-student-loans/ What happens when a creditor gets a judgement against you?  A judgement is just an affirmation that you definitely do owe money and that the creditors have the right to collect on it.  The creditor then has to take that judgement and get it recorded with the local clerk of ... http://www.allmandandlee.com/dallas_bankruptcy_blog/2008/06/02/judgements-and-bankruptcies/