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 […]
Texas Bankruptcy Attorney: WHAT IS TRCC?
Texas Bankruptcy Attorney: TRCC is an acronym for Trustee’s Recommendation Concerning Claims. TRCC is the point in a Chapter 13 case when the trustee reviews the claims filed by creditors, decides if objections to claims should be filed, and determines if the confirmed plan is sufficient to pay all allowed claims. To understand TRCC it […]
TEXAS BANKRUPTCY: DEBTORS PROTECTED AGAINST DISCRIMINATION
Can my employer fire me for filing bankruptcy? The Bankruptcy Code expressly prohibits private employers from firing you because you filed for bankruptcy. See 11 U.S.C. § 525(b). This prohibition even protects debtors who discharged debts owed to their employer. For example, a bank teller cannot be fired for discharging credit card debt owed […]
TEXAS BANKRUPTCY: IS MY BANK ACCOUNT PART OF THE BANKRUPTCY ESTATE?
In many Dallas bankruptcy cases there is confusion about whether money in a bank account is part of the bankruptcy estate. For bankruptcy purposes, money in a bank account is part of your bankruptcy estate if the money in the account is your money. Just because your name is on a bank account doesn’t necessarily mean […]
TEXAS BANKRUPTCY: IS THE TRUSTEE GOING TO TAKE MY POSSESSIONS?
Chapter 7 bankruptcy is sometimes referred to as a “liquidation” bankruptcy case. However, in practice there is very little liquidation of property. Most Texas bankruptcy debtors find that they don’t lose any of their property in Chapter 7 bankruptcy. When a person files bankruptcy they have to list all of their property and what they […]