Chapter 7 bankruptcy is a great way of getting rid of debt. Debtors who successfully complete this type of bankruptcy case receive a discharge order which permanently shields them from liability for the debts discharged in their bankruptcy case. Debts that are discharged in Chapter 7 bankruptcy include credit cards, personal loans, pay day advance […]
Sources Say Borders prepares to File For Chapter 11
The Wallstreet Journal is reporting that Borders Group Inc. could file for Chapter 11 bankruptcy-protection as early as Monday or Tuesday. Many of us know Borders because we shop for books in their stores. The Wallstreet Journal further reports that, if Borders does file, filing for Chapter 11 will no doubt be followed by widespread […]
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 […]
TEXAS BANKRUPTCY ATTORNEY: BANKRUPTCY MYTHS
TEXAS BANKRUPTCY ATTORNEY: BANKRUPTCY MYTHS: There is a lot of content on the internet about bankruptcy. From my regular internet searches on the subject, I estimate that ten percent of bankruptcy content is posted by bankruptcy attorneys who usually know what they are talking about. The rest of the information on the internet is confusing, […]
Texas Bankruptcy Attorney:STRATEGIES FOR COPING WITH CREDIT CARD DEBT
Dallas 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 uphill […]