The Wright Firm, LLP Bankruptcy

Texas Lawyers with Solutions

DALLAS BANKRUPTCY: WHAT TO BRING TO YOUR FIRST APPOINTMENT

Dallas Bankruptcy: Your bankruptcy attorney will need you to provide information so that he can determine whether you should file bankruptcy, whether you are eligible to file bankruptcy, and if you are eligible which chapter will be best for you.  In order to answer these questions, it is helpful if prospective bankruptcy debtors bring information [...]

STUDENT LOANS -YOU MAY WANT TO PAY IN YOUR BANKRUPTCY CASE

Student loans are a peculiar sort of debt in the context of a Chapter 13 bankruptcy case.  They are unsecured which entitles them to low priority for repayment in Chapter 13 plans, yet they are nondischargable, meaning the student loan debt survives the bankruptcy discharge.  Because of these two traits, it is very important to [...]

FILING A CLAIM IN CHAPTER 13 BANKRUPTCY ISN’T JUST FOR THE CREDITORS

In Chapter 13 bankruptcy, debtors prepare a plan to repay their creditors.  Creditors have an opportunity to review the plan, and if they feel they are being treated unfairly, they can file an objection to the plan.  Once all objections are resolved, and the plan is confirmed by the Court, the creditors are bound by [...]

Foreclosures Top One Million in 2010

From the American Bankruptcy Institute’s Website: Home Foreclosures in 2010 Top 1 Million for First Time Banks seized more than a million U.S. homes in one year for the first time last year, despite a slowdown in the last few months as questions around foreclosure processing arose, Reuters reported today. Banks foreclosed on 69,847 properties [...]

How to Recover From a Financial Disaster

Have you recently experienced a financial set-back or disaster?? Here are some steps you can take to begin recovery… 1) Cut overhead and get rid of unnecessary expenses – do you really need to buy that $4.00 coffee every morning? 2) Save at least $500 in an emergency fund, so you won’t be forced to [...]

Budgeting Tips For 2011

Here are eight ways to cut your monthly expenses… 1) Sell household items you don’t use/want/need. 2) Once a month, do a walkaround of your home and car, to spot needed repairs that could become costly ones if gone unnoticed. 3) Comparison shop – always, always, always compare prices, online and in stores. Learn which [...]

A funny story from the world of credit…

Okay, since here at DFW/Denton/Lewisville Bankruptcy we’re always addressing serious topics, I decided to keep it light today. There’s a story buzzing around the internet that a 3 year-old recently got an American Express Gold Card application in the mail. Also, there are many report of dogs and cats getting credit card offers. If that’s [...]

Cities Filing Bankruptcy

The CEO of JP Morgan has recently stated that municipality bankruptcies (cities filing bankrutpcy) are on a rise. This is yet another effect of the recession – with income on the decline and foreclosures on the rise, cities are losing precious tax revenue and having to cut necessary services. Analysts are looking to these cities [...]

What exactly is Chapter 13 Bankruptcy?

As Dallas Bankruptcy Attorneys many individuals ask us, what exactly is Chapter 13 Bankruptcy?  Chapter 13 is really a proceeding within the Federal Bankruptcy laws where a person turns his debts, in concert with a plan for repaying them, over to the Bankruptcy Court. The debtor (you) will make regular installment payments to a person [...]

Is The Economy Recovering?

By: Lauren Timmerman, Esq. www.thewrightlawyers.com According to the American Bankruptcy Institute, consumer bankruptcy filings were down 13% in November from October.  Credit card use by consumers is also at an all-time low compared to recent years, but spending is up, which signifies that consumers are finally able to start saving money. I’d like to hear everyone’s opinions [...]

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