When faced with the possibility of filing for bankruptcy, it is important to fully understand and survey all of your options. A trustworthy attorney is vital in helping you choose what type of bankruptcy filing works best for your individual situation. The team at Collins & Arnove can advise you in filing for either Chapter … Read more
Filing for bankruptcy in Allen, TX gives you that clean financial slate, but there is also that fear that your credit will now be in shambles for forever. The impact that bankruptcy will have on your credit will fade as the years pass, and there are things you can do to help. Here are four … Read more
When filing for Chapter 7 bankruptcy, there are many tasks and responsibilities to juggle. Finding a reliable bankruptcy lawyer makes a significant difference regarding how successfully and smoothly the process goes. One of the primary concerns you should focus on is the risk of bankruptcy dismissal. Many times, dismissal results from an honest mistake or … Read more
In a Chapter 13 Bankruptcy there is a claims process that occurs among the parties. In simplicity it works as follows: — the creditor receives notification of the Bankruptcy from the Court — the creditor files a “proof of claim” with the Court showing the debt and proof of how it is owed — during … Read more
How Chapter 13 Bankruptcy allows you to Permanently Stop a Foreclosure Filing for a Chapter 13 Bankruptcy is one of the best ways to permanently stop a foreclosure. The reason for this is simple: because the creditors have no choice but to stop the foreclosure in the Bankruptcy and allow you to put together a … Read more
Filing for bankruptcy in Dallas, TX is a nerve-wracking ordeal, but Texas is one of the best states in which to file bankruptcy. Texas Property Code exemptions are extremely generous, so you can protect all of the assets you wish to retain. Here are three property code exemptions that will serve to help protect your assets: Homestead … Read more
I have a tremendous percentage of my clients who come to me after having tried some type of credit counseling program. The reaction is always the same — “I should have come to you first.” The purpose of this post is to give you a sense of how credit counseling works and how a Bankruptcy … Read more
A Chapter 13 Bankruptcy requires that you put together a “plan” that determines how various creditors or interested parties will be treated. In this plan the client pays a trustee who is appointed by the Court. The Trustee then distributes the money according to your plan. One of the main benefits of Chapter 13 Bankruptcy … Read more
If you are experiencing financial distress due to the loss of income or developing an overwhelming amount of debt and monthly bills, bankruptcy may be an option for relief. While it is wise to weigh out the pros and cons with an attorney, you must understand which debts a Chapter 7 or Chapter 13 bankruptcy … Read more
Filing for Chapter 13 bankruptcy can be a scary chapter in anyone’s life. While the situation may feel out of your control, there are things you can do to rebuild your credit and restore financial health. Keeping your house and your assets are within your reach with the help of Collins & Arnove, your partners … Read more