Right to Dismiss a Chapter 7 Bankruptcy
If you file a Chapter 7 Bankruptcy, and later decide that you do not want to be involved in it anymore for any reason, do you have a...
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sandra919
- May 12, 2021
- 1 min
A Brief Chapter 7 Pro and Con
Pro: Chapter 7 Bankruptcy does not take long. How long does a bankruptcy take? Under Chapter 7, the entire process from filing to...
sandra919
- May 12, 2021
- 1 min
Basic Chapter 13 Time Line
Day of Filing Case Begins. Automatic Stay goes into effect. A Trustee is assigned to your case. 30 Days After Filing First payment under...
sandra919
- May 11, 2021
- 1 min
Too much debt
Do you have too much debt? Are you drowning in debt? Bankruptcy eliminates debt. There are many problems with debt. You can feel trapped...
sandra919
- May 11, 2021
- 1 min
15 common reasons people file bankruptcy
The following are 15 common reasons people file bankruptcy: 1) Divorce or separation 2) Death in the family 3) Disability 4) Unemployment...
sandra919
- May 11, 2021
- 1 min
Serial filings in bankruptcy
When a person filed bankruptcy more than twice, that is serial filing. Serial filing does not mean anything bad. It just carries more...
sandra919
- May 11, 2021
- 1 min
Driver's license reinstated through bankruptcy
Bankruptcy is very beneficial in many ways. We recently filed a case where an individual's driver's license was suspended due to being...
sandra919
- May 11, 2021
- 1 min
Time line of bankruptcy laws in the US
The following is a time line of official bankruptcy laws in the US: United States Constitution, 1788, states under Article 1, Section 8...
sandra919
- May 11, 2021
- 1 min
Bankruptcy stops lawsuits
Bankruptcy is the strongest law in terms of debit and credit. A colleague of mine often said that bankruptcy is like an atomic bomb,...
sandra919
- May 11, 2021
- 1 min
Enron files bankruptcy
Enron, an extremely large Houston-based international energy company, filed Bankruptcy on December 2, 2001. This is one of the largest...
sandra919
- May 10, 2021
- 1 min
22 largest bankruptcies in US history
This is a very interesting article we came across. It lists the largest bankruptcies in US history. Interestingly, the largest one was...
sandra919
- May 10, 2021
- 1 min
How does bankruptcy affect credit?
A very common question is the relationship between bankruptcy and credit score. Some of the people that are considering bankruptcy...
sandra919
- May 10, 2021
- 1 min
What I like about the city of Houston
There are a couple of things I really enjoy about Houston. Here is a partial list: 1) Multiple "downtowns". There are many parts of...
sandra919
- May 10, 2021
- 1 min
Do not file bankruptcy without a lawyer
Filing bankruptcy without a lawyer is a very dangerous decision to make. You can: lose money (lose much more money than you would had you...
sandra919
- May 10, 2021
- 1 min
Which debts are not eliminated in bankruptcy?
Generally, the following debts are considered non-dischargeable in bankruptcy: Taxes Student Loans Debts caused by fraud Recent Cash...
sandra919
- May 10, 2021
- 1 min
Over half of bankruptcies are related to illness
A recent study was carried out regarding people who filed personal bankruptcies. The results were not surprising. Over half of...
sandra919
- May 10, 2021
- 1 min
What you should bring to your first Houston bankruptcy consultation
When you first set up a meeting with a Houston bankruptcy attorney, you should bring the following documents: A list of all the assets...
sandra919
- May 10, 2021
- 1 min
Bankruptcy Abuse Prevention and Consumer Protection Act of 2005 ( BAPCPA)
Bankruptcy Abuse Prevention and Consumer Protection Act of 2005 ( BAPCPA) was enacted in April 2005. BAPCPA made substantial changes to...
sandra919
- May 10, 2021
- 1 min
Famous People Who Filed Bankruptcy
The following is a list of some famous people who filed bankruptcy: Mark Twain Ulysses S. Grant Henry Heinz (ketchup entrepreneur) Oscar...
sandra919
- May 10, 2021
- 1 min
5 Tips to Improve Your Credit After Bankruptcy
These are five ways to improve your credit after you filed bankruptcy: Get a credit card and pay it back in full every month on time. If...
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