Bankruptcy – General Information

Whether you should file bankruptcy or divorce first depends on several factors.  First, consider whether or not your spouse wants to file bankruptcy as well.  The court filing fee is the same for individual bankruptcy filers and joint bankruptcy filers,… Continue Reading →

In bankruptcy debtors have several choices as to what to do with real property that is encumbered by a mortgage.  One option is to surrender their interest in the property to the creditor.  However, surrendering a house in bankruptcy is… Continue Reading →

Under current bankruptcy law and the exemptions available in the state of Texas, filing bankruptcy after retiring makes a lot of sense.  For most people retirement results in a reduction in monthly income.  Social Security benefits and retirement income seldom… Continue Reading →

Debt can be a problem for anyone, including people with high income.  A good job with a high salary is not a guarantee of financial prosperity.  High-income debtors can get sick, divorced, or experience financial loss.  Whatever the reason may… Continue Reading →

After receiving a bankruptcy discharge most debtors are very concerned about improving their credit score.  Fortunately, simply filing bankruptcy and receiving a discharge usually helps to improve your score within six months to a year after discharge.  Eliminating your debt… Continue Reading →