Posts

How Does Bankruptcy Affect a Tax Refund?

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How does bankruptcy affect a tax refund? You definitely want to let your attorney know if you are filing for bankruptcy around tax time. David Shuster says that it is an important factor to consider. Transcript: Well this is tax time and so if you are expecting a tax refund you definitely want to let […]

Why You Shouldn’t Be Scared of the 341 Creditor Meeting

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Bankruptcy has a negative stigma that is entirely unwarranted. Bankruptcy is a service provided by the government, giving you a second chance to start fresh and get back on your feet. You’re not giving up; you’re getting help. However, the 341 creditor meeting can seem intimidating if you’re unfamiliar with the process. What Is the […]

Interview: Is Chapter 7 or Chapter 13 the Best Option?

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Chapter 13 and Chapter 7 are the most common forms of bankruptcy available to consumers. What are the big differences between the two? Which type of bankruptcy is best for your situation? We spoke to David Shuster, a bankruptcy lawyer based in Dallas – Forth Worth. He explains what those in dire financial straits need […]

Can I Discharge a Tax Debt through Bankruptcy?

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It honestly depends. Whatever the case, don’t believe what you hear about tax debt discharge on the radio, or even on TV, because the fact is this: tax debts often can’t get liquidated or eliminated in bankruptcy. If you’ve filed for a Chapter 7, you’ll most likely still owe them. If you’ve filed for Chapter […]

Bankruptcy: Don’t Walk This Path Alone

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Bankruptcy is complicated. Don’t walk this path alone: one misstep could cost you dearly. Instead, talk to a bankruptcy attorney who offers free consultations. You can find out instantly if bankruptcy is a good option for you. They can also help you determine the next best steps for you to take. David Shuster is a […]

Debt Keeping You Awake At Night?

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Is debt keeping you awake at night? It is certainly an important issue. When you’re in debt, you have tons of questions and uncertainties nag at you at all hours. You’re not alone, however, and a bankruptcy attorney can help you a great deal. Here is an article to help you determine if a bankruptcy lawyer could […]

How Bankruptcy Can Make You a Happy Panda

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People think bankruptcy is the end of the world. As bankruptcy attorney Don Bell explains in this video, nothing is further from the truth. You can read this overview about bankruptcy options or come into his office for support. It is possible to file for bankruptcy, and here is an article to help you decide […]

How Do You Deal With Mounting Debt?

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Seeking Debt Relief Solutions? Debt is on the rise. In Texas, business bankruptcies increased by 42 percent over the last year. Student loan debt is a nationwide financial crisis. What can an individual do about mounting debt? David Shuster is a bankruptcy attorney in the Dallas – Ft. Worth area. He explains what those with […]

Do You Really Need a Bankruptcy Lawyer?

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The short answer to this? Probably. The truth is that although some people opt to file on their own (“pro se”) instead of a getting help from a bankruptcy lawyer for whatever reason, many folks mess up and put themselves in an even more difficult position. Many others find themselves in a discharge suit threatening their automatic stay. […]

Weakened Military Lending Act Could Leave Service Members Unprotected

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The Military Lending Act (MLA) was passed into law in 2006 to protect military servicemen and women from shady lending practices. This is because, unfortunately, greedy fraudulent lenders come from all directions to use abusive tactics to take advantage of this particular population and their families. An Explanation For Why MLA is Necessary Paul Kantwill, […]

Word Battle Over Bankruptcy Dischargeable Debt Settled by Supreme Court

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Times are hard for many people in America when it comes to financial burdens, and for some people, the answer is to file for bankruptcy and release any dischargeable debt. Every debtor needs to understand that the whole point of the Bankruptcy Code is to help “honest but unfortunate debtors” get back on their feet. […]

Happy Tax Day! Do I Really Have to Pay?

According to some protest groups, they don’t need to pay federal income tax. They claim they are not under US jurisdiction since they are “sovereign citizens,” and that the income tax is unconstitutional. Are they right? As bankruptcy attorney Neil Sader explains in this video, there is an important distinction between refusing to file a […]

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Keep Your Car, Lose the Staggering Payments

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Yes, it’s true. Even when going bankrupt, you may not have to get rid of your car (or even real estate investment)! Instead, if you are able to file a Chapter 13 “wage earners” bankruptcy, then you could be able to reduce your principal balance and restructure your vehicle installment loans, or you may be […]

Bankruptcy: How the Automatic Stay Keeps Your Creditors at Bay

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If you are going into debt and worried about folks coming after you for payments or taking away your possessions, you should know about a temporary remedy called “the automatic stay.” What is the Automatic Stay? It’s a really valuable break that allows the borrower a set amount of time to sort out their financial […]

Deciding to File for Bankruptcy, Now What?

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If you are considering filing for bankruptcy, don’t worry. You aren’t alone. Although it isn’t the ideal situation, it can be incredibly useful for helping you get back on your feet. Many people have found that after biting the bullet, they regain control of their finances over time. Filing for bankruptcy can: Halt all of […]

Can You Save a Car from Repossession?

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If your car is under threat of repossession, or if your car was recently repossessed, you may have options to get it back. Additionally, repo men and the companies that employ them must follow strict state laws regarding this practice. Bankruptcy