What is cross collateral in bankruptcy?
An example of cross collateral is when you have a vehicle being financed with a credit union and also have a credit card with that same...
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Bankruptcy Lawyer
Mar 17, 20221 min read
Abogado de bancarrota en Houston
Si estas buscando un abogado de bancarrota en Houston que habla español pues ya lo encontró. El abogado Rashid habla español con fluidez...
Bankruptcy Lawyer
Mar 14, 20221 min read
What is bankruptcy in simple terms ?
Declaring bankruptcy is seeking legal protection from your creditors (people you owe money to). As far as personal bankruptcies go,...
Bankruptcy Lawyer
Mar 12, 20221 min read
Is bankruptcy better than debt settlement or debt consolidation
In our professional opinion, the answer is yes in the vast majority of situations. Many clients come to us after months or even years of...
Bankruptcy Lawyer
Oct 5, 20211 min read
Reinvesting homestead proceeds must be towards a new home
If you sell your home while in bankruptcy, and you reinvest the proceeds into a new home within 6 months, the homestead exemption...
Bankruptcy Lawyer
Oct 4, 20211 min read
Is a learners permit considered a drivers license for bankruptcy exemptions in Texas?
A learners permit, or a drivers permit, can be used to exempt a motor vehicle when using Texas bankruptcy exemptions. The Texas...
Bankruptcy Lawyer
Oct 4, 20211 min read
Know your rights regarding medical debts
Many people incorrectly assume medical debt is not dischargeable in bankruptcy. Medical debt is considered unsecured debt and it is...
Bankruptcy Lawyer
Oct 3, 20211 min read
Exemptions protect your property
When you file bankruptcy you can exempt property that has exemptions available. Speak with us to see if all your property is exempt or...
Bankruptcy Lawyer
Oct 3, 20211 min read
Consider bankruptcy for the good of your family
Imagine having debt that you think you can pu off, but it would take $10,000.00 over many years. Now imagine having $10,000.00 available...
Bankruptcy Lawyer
Sep 1, 20211 min read
Why choose the Rashid Law Firm?
There are many options to choose when choosing an bankruptcy lawyer in Houston. So why choose the Rashid Law Firm? Simple, we have a...
sandra919
May 18, 20211 min read
U.S. Bankruptcy Tracker: Filings Cut in Half Since Covid Wave
Filings have been cut in half since COVID-19 hit in 2020, this article link explains how it's going so far. https://www.bloomberg.com/new...
sandra919
May 18, 20211 min read
Brooks Brothers' billionaire former owners are sued over its bankruptcy
A lot of companies have filed for bankruptcy in the past several years, Brooks Brothers' is one of them. You can learn more about this...
sandra919
May 18, 20211 min read
Pros and cons of filing bankruptcy
The following is a list of Pros and Cons of filing bankruptcy: Pros: 1. Eliminate debt or minimize/reorganize debt 2. Stop all collection...
sandra919
May 18, 20211 min read
Waiting Period to File Another Bankruptcy
If you previously filed bankruptcy, and need to file again, how long do you have to wait? Well, the answer depends on what your old case...
sandra919
May 18, 20212 min read
Is my property safe if I file a case under Chapter 7 of the Bankruptcy Code?
In a bankruptcy filed under Chapter 7 of the Bankruptcy Code, Trustees abandon property by not administering it. This is found in Section...
sandra919
May 18, 20211 min read
When to think about filing Bankruptcy
If you are in these situations, then you may want to read more on bankruptcy as an option to solve these problems: You have a judgment...
sandra919
May 17, 20211 min read
One Year into Pandemic, bankruptcies continue
A lot of Main Street companies have been filing for bankruptcy during and after the pandemic. Here's an article that shows what...
sandra919
May 12, 20211 min read
WorldCom files the largest bankruptcy in US history
WorldCom, a large telecommunications company, filed bankruptcy in July, 2002, making it the largest bankruptcy case ever filed in the US.
sandra919
May 12, 20211 min read
More Bankruptcy Myths
Some things about bankruptcy are often said that are just not true. There are some other blog entries on here listing some bankruptcy...
sandra919
May 12, 20211 min read
Common Myths About Bankruptcy
Myth #1 - You can keep a credit card during bankruptcy -This is a myth because you must list all the credit cards you have in your...
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