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 rescue, right? They can […]
Dallas Bankruptcy 101: Chapter 7 vs. Chapter 13
An individual filing for bankruptcy in the Dallas area has two types of bankruptcy available to them. First, Chapter 7 bankruptcy allows the filer to discharge many types of debt, often with no repayment to creditors. Second, Chapter 13 bankruptcy allows the filer to reorganize their debt through an affordable payment plan which lasts three […]
Dallas Bankruptcy Attorney: ADD A STATEMENT TO YOUR CREDIT REPORT
Have you ever had something happen that made you look bad, and you would have liked to explain yourself, but were never given the chance? This happens on credit reports all the time. You might have a great credit rating with no bad notations on your report for years, and then you lose your job. […]
Dallas Bankruptcy Attorney: BANKRUPTCY FRAUD IS NOT WORTH THE RISK!
Dallas Bankruptcy Attorney: When I prepare bankruptcy documents, I stress to my clients that they need to be accurate. In fact, lying on bankruptcy documents carries a maximum potential penalty of five years in prison and a fine of up to $250,000. The area where bankruptcy fraud is most common is in preparation of the […]
Dallas Bankruptcy Attorney: BANKRUPTCY NOT LIMITED TO INDIVIDUALS AND BUSINESSES
We all know the economy is struggling right now. Unemployment is high and the stock market and real estate market are on the decline. But the economy doesn’t affect just individuals and businesses. City governments are struggling financially too. Drowning in debt and unable to seek concessions from city employees, the struggling Rhode Island city […]