March 25, 2016

A lot of cases of bankruptcy are not caused by crazy or reckless spending, but by financial hardship. Many lower-income individuals who simply can't afford to deal with unexpected major expenses such as job loss or high medical bills.

The number of bankruptcy filings in...

March 24, 2016

Sometimes you hear from a neighbor, family member or even a co-worker that bankruptcy may help you save your home. But is it true, or just too good to be true? It is True!

Bankruptcy may bring a foreclosure proceeding to a halt, end harassment from debt collectors, and...

March 17, 2016

Bankruptcy receives a lot of negative publicity. There is very little talk about the positive side of bankruptcy. Millions of people have filed for bankruptcy protection.

Personal bankruptcy was designed to: eliminate or reduce debt, stop foreclosure proceedings as well...

February 4, 2016

What is better, debt consolidation or filing bankruptcy? Each person is different, but there are some general guidlines in determining whether debt consolidation or bankruptcy is a better option.

First of all, you should make sure the debt consolidation company you are...

November 20, 2015

Do mostly rich people file bankruptcy? Negative.

Do mostly middle class people file bankruptcy? Absolutely not.

So who filed bankruptcy? Literally everyone. All walks of life, for a lot of different reasons. I think of it as some sort of health problem that can suddenly...

October 15, 2015

Suze Orman does not think bankruptcy is a bad thing if you really need to file. We at the Rashid Law Firm agree with her views here. If you want to know more about bankruptcy in Houston, contact us at the Rashid Law Firm for a friendly, free consultatio with a Houston...

September 11, 2015

The bankruptcy court in Houston is located in downtown Houston. The address is 515 Rusk St., Houston, TX 77002. Bankruptcy has its own courts, with its own judges called bankruptcy judges. Everyone that files bankruptcy has to at least attend what is known as a meeting...

August 28, 2015

There are a couple of reasons why filing a chapter 13 bankruptcy could be better than filing a chapter 7 bankruptcy.

First and foremost, what is the most basic difference between a chapter 7 and a chapter 13? The most basic difference is that a chapter 13 is a payment p...

July 24, 2015

I always had a feeling it were true, but did not have any research to support my belief. My clients mentioned it often, it even has happened to me. Financial trouble keeps people up at night. A recent poll conducted by Princeton Survey Research Associates International...

June 24, 2015

JP Morgan Chase recently paid $50 million for faulty bankupty documents.

It has been reported that JP Mortgan Chase had to pay $50 million as part of a settlement with the US Department of Justice for filing faulty bankruptcy documents. Some of the documents that were f...

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©2019 The Rashid Law Firm. We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code. Disclaimer: This Website contains general information. The information on this Website is not intended to be legal advice and viewers should consult with an attorney.