Bankruptcy Changes

When selecting a bankruptcy attorney, it’s very important to ask about the lawyer’s “exit plan”.  In other words, what will you do for me after I file my voluntary petition? There are a number of perfectly competent bankruptcy lawyers whose eyes will glaze over the...

Top Three Newest Recoveries from Bankruptcy

General Motors General Motors filed Chapter 11 bankruptcy in 2009, after having lost about $100 billion in the 2000s and losing its spot as the world’s top-selling auto maker.  Just two years later, GM posted a $7.6 billion profit, the largest profit ever in the...

Promises, Promises…

“A verbal contract isn’t worth the paper it’s written on” – Samuel Goldwyn Are you breathing a sigh of relief because the moneylender promised to give you a break?  One court recently held that a moneylender is not bound by an oral promise that it makes. Always...

Personal Bankruptcy and Unsecured Debt

A sluggish job market means increased personal debt.  Jobless consumers are obviously affected, but even those with jobs may find their wages frozen.  The situation will probably not improve anytime soon.  Maybe your family, or someone you know, is facing mounting...

Negative Equity and Social Darwinism

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Need A Lawyer?

Like many Dallas-area people, Don uses a tax preparer every spring.  Now, he knows he needs to file bankruptcy, but he thinks he can do it himself and save some money. Don’s situation is not uncommon.  Last year, two-thirds of all Americans used a professional tax...