TEXAS BANKRUPTCY LAWYER: DOWNWARD TREND IN FORECLOSURES NOT NECESSARILY A SIGN OF ECONOMIC RECOVERY I recently read an article in the San Antonio Business Journal by Tricia Lynn Silva regarding the downward trend in foreclosures. Her article says in part: “As of Nov. 30 2011, a total of 10,124 foreclosure notices had been filed […]
DALLAS BANKRUPTCY: NON-DISCHARGEABLE DEBTS
Dallas Bankruptcy: Bankruptcy is a great way to get rid of debt. But there are some debts that cannot be discharged in bankruptcy. The non-dischargeable debts bankruptcy attorneys generally talk about are taxes, student loans, and domestic support obligations. These are the most common types of non-dischargable debts, and at least one of the three is […]
THE BANKRUPTCY ESTATE
When a debtor files bankruptcy, an estate is created. The estate includes all of the person’s legal and equitable interests in property at the commencement of the case, and may also include any property the debtor becomes entitled to during the 180 day period following the filing of the bankruptcy case. However, debtors can exempt […]
THINGS NOT TO DO IF YOU THINK YOU MIGHT FILE BANKRUPTCY (PART 2)
I recently wrote an article about what not to do if you think you might file bankruptcy. About halfway through the article I realized that there is a lot of information on this topic, so I divided it into two parts. The following list consists of what not to do if you intend to file […]
UTILITY SERVICES AFTER FILING BANKRUPTCY
My clients often ask me if their utilities will be cut off after unpaid bills to these companies are discharged in bankruptcy. For most of us, loss of electricity and water services would be devastating. This issue is addressed in section 366 of the Bankruptcy Code. Utilities “may not alter, refuse, or discontinue service to, […]