Filing for Personal Bankruptcy, Part II

Do you think that Stockton, California is the only large city facing bankruptcy because of its financial priorities?  Think again.  The financial crisis of the late 2000s was severe and widespread and its strong ripples continue to this day.  No one was unaffected,...

Bankruptcy and Debt Collection

Even as the number of consumers hounded by debt collectors increases, and the tactics used by these collectors become more draconian, a safe harbor still exists under federal law: Chapter 7 bankruptcy. Many of your neighbors are burdened with large amounts of...

Adversary Proceeding in Bankruptcy

When you hear people talk about bankruptcy “court”, in Dallas or elsewhere, they are generally referring to the bankruptcy process.  Most personal bankruptcy debtors, either Chapter 7 or Chapter 13, never actually go before a judge. The primary exception is the...

Bankruptcy and the Meeting of Creditors

About six weeks after you file a voluntary bankruptcy petition in Dallas, be it a Chapter 7 or Chapter 13, you will attend the meeting of creditors required by Section 341 of the Bankruptcy Code.  Many people have the idea that the 341 is like the Munich Agreement,...

Bankruptcy and Property Exemptions

In the Old West, many pioneers came to Texas to elude their creditors.  Although the old west has been largely relegated to wax museums and Clint Eastwood movies, the pioneer spirit remains in Texas bankruptcy exemptions. When the debtor files a Chapter 7 or Chapter...