The Wright Firm, LLP Bankruptcy

Texas Lawyers with Solutions

Texas Bankruptcy Attorney:STRATEGIES FOR COPING WITH CREDIT CARD DEBT

Texas Bankruptcy Attorney: STRATEGIES FOR COPING WITH CREDIT CARD DEBT Recently I read an excellent article by Laura Coffey on MSN.com discussing strategies for reducing credit card debt.  As a bankruptcy attorney, I meet with clients everyday that are struggling with repaying high interest credit cards, and repaying these types of loans can be an [...]

BANKRUPTCY: CREDIT CARD TRANSACTIONS FRAUD? IT’S A MATTER OF TIMING

Some types of debts cannot be discharged in bankruptcy.  These include income tax, child support and student loans.  Then there are other types of debts that should be dischargeable in bankruptcy, but become non-dischargeable because of how the debt was incurred.  For example, debtors that obtain money, property, or services through fraud remain liable for [...]

DOMESTIC SUPPORT OBLIGATIONS GIVEN PRIORITY IN BANKRUPTCY

The Bankruptcy Code provides special protection for parties’ owed domestic support obligations, such as child support, alimony, and spousal maintenance.  In its present form, the Bankruptcy Code provides that domestic support obligations cannot be discharged in a Chapter 7 case and receive priority status in Chapter 13 bankruptcy plan.  This priority status guarantees that domestic [...]

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 [...]

Credit Repair Companies – Are They A Scam??

By Lauren Timmerman, Esq. Every time the economy cycles down, businesses taking advantage of the downturn arise. The recent recession (or what some economists have actually labeled, “Depression”) and resulting credit crunch have resulted in credit issues for many consumers, and a related dip in their credit scores. Here come Credit Repair companies to the [...]

What You Need To Know About Credit Cards

WHAT YOU NEED TO KNOW ABOUT CREDIT CARDS By: Lauren Timmerman, Esq. The Wright Firm, L.L.P. August 20, 2010 Credit cards can be a useful tool, if you know how to play by the credit card issuers’ rules. Those rules changed substantially in 2009, when President Obama signed the Credit Card Act of 2009 into [...]