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 […]
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 […]
BANKRUPTCY: CROSS-COLLATERALIZATION AND CREDIT UNIONS
In bankruptcy, debtors often wish to discharge their unsecured debt but keep their secured collateral. This is generally allowed in bankruptcy, but a practice commonly employed by credit unions makes this process more complicated and often more expensive. The reason is because credit unions often include cross-collateralization clauses in their loan documents. Cross-collateralization means that […]
Budgeting Tips For 2011
Here are eight ways to cut your monthly expenses… Sell household items you don’t use/want/need. Once a month, do a walkaround of your home and car, to spot needed repairs that could become costly ones if gone unnoticed. Comparison shop – always, always, always compare prices, online and in stores. Learn which stores have the […]
CAN I KEEP A CREDIT CARD WHILE IN CHAPTER 13 BANKRUPTCY?
I probably answer over a hundred questions for my clients each week. Unfortunately, my answers are often long, complicated or the oh-so-helpful “it depends.” Luckily, once in a while, I get a question like the one in the title of this article, and I get to give a simple, easy to understand answer. “No.” I […]