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Unlike most bankruptcy firms in the Dallas / Fort-Worth area, Allmand Law Firm, PLLC spends the time to understand the complete financial picture for every one of our clients. We provide resources, tools and advice to address the unique needs of North Texans.

Blog Posts in June, 2013

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  • Medical Debt Continues To Be Driving Force Behind Bankruptcy Filings

    Posted By Allmand Law Firm, PLLC || 28-Jun-2013

    A new study confirms what many American households continue to struggle with; debt from medical bills. When it comes to filing for bankruptcy such bills continue to be one of the main reasons why people seek legal protection. Besides rising medical costs, other reasons bankruptcy is commonly filed include unpaid mortgages and credit card debt. Even those who have health insurance coverage are ...
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  • Why It Is Important To Understand Differences Between Bankruptcy Chapters?

    Posted By Allmand Law Firm, PLLC || 27-Jun-2013

    Understanding differences between bankruptcy chapters can make a big difference in helping you obtain a favorable outcome for your situation. Most bankruptcies filed by individuals and small businesses include Chapter 7 and Chapter 13. When it comes to understanding which chapter you should file, your debt, income, assets, and financial goals will have a significant influence on which option is ...
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  • Will My 401 (k) Be Protected in Bankruptcy?

    Posted By Allmand Law Firm, PLLC || 26-Jun-2013

    401(k) and Bankruptcy Many who file for bankruptcy qualify for protection of their 401(k), while being able to discharge or eliminate debt. This is common concern debtors have for a number of reasons. Some who are thinking about filing may receive funds from their 401(k) as their only form of income, especially if they are retired. Some may be struggling to pay bills such as credit card and ...
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  • 5 Actions to Consider Before Filing Bankruptcy

    Posted By Allmand Law Firm, PLLC || 24-Jun-2013

    Filing for bankruptcy can help you eliminate or regain control of your financial obligations. Keep in mind, it may not be the only option for you to consider, but many see it as a last resort when they have done other actions to try and resolve financial issues. Bankruptcy experts and credit counselors even suggest reviewing multiple options before making the decision to file. In doing this, there ...
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  • Does Bankruptcy Offer Protection for a Mobile Home?

    Posted By Allmand Law Firm, PLLC || 21-Jun-2013

    Keeping Your Mobile Home in Bankruptcy Keeping your mobile home in bankruptcy may depend on a few legal factors. Many debtors who seek protection for property such as a mobile home qualify for protection under certain exemptions available when you file. In most cases, it will depend on the state you live in and what exemptions are available for protection. Other factors to consider include whether ...
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  • Why Planning Ahead Before Filing Bankruptcy Can Help You Save Money

    Posted By Allmand Law Firm, PLLC || 17-Jun-2013

    Many people may not realize that planning ahead for bankruptcy may help you save money, aside from protecting your assets. Planning ahead includes taking a number of important steps to ensure you complete the process faithfully to the best of your knowledge. Taking time to get advice from informed professionals can help you obtain a favorable outcome for your case. Being prepared to file is one ...
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  • Can I Keep My Car When I File Bankruptcy?

    Posted By Allmand Law Firm, PLLC || 14-Jun-2013

    Debtors often wonder what will happen to their car when they file bankruptcy. In most cases, you get to keep your vehicle during and after your case is closed. Even if you are behind on payments when you file you may be able to retain possession of your vehicle through exemptions offered. The outcome of your case may depend on which chapter you file; either Chapter 7 or Chapter 13 bankruptcy. In ...
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  • Understanding Your Rights When Dealing with Debt Collectors and Bankruptcy

    Posted By Allmand Law Firm, PLLC || 13-Jun-2013

    One of the most common reasons why people file bankruptcy is to stop harassment from debt collectors. Debtors who file for protection should be aware of their rights and how to protect them. With a large number of people struggling during these hard economic times, debt collectors will do whatever it takes to collect payment. Households around the country have enough pressure to deal with ...
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  • What You Should Know When You Are Ready to File Bankruptcy

    Posted By Allmand Law Firm, PLLC || 11-Jun-2013

    Filing bankruptcy can give you the relief you need when the time is right to file. Some people are quick to say that the process may do more harm than good, but for many who have filed (including a long list of celebrities), it is the beginning of a getting your finances and your life back on track. There is nothing wrong with seeking legal protection to help get your financial obligations back in ...
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  • Regaining Financial Control in Bankruptcy

    Posted By Allmand Law Firm, PLLC || 10-Jun-2013

    Filing for bankruptcy can be a responsible option for anyone looking to regain control of their financial obligations. Over 1,000,000 Americans sought bankruptcy protection in 2012 with many filing for legitimate reasons such as divorce, illness and job loss. The decision to file for many is a serious personal step that was a challenge to make. Bankruptcy is a legal process designed to help ...
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  • Simplifying the Process in Finding a Bankruptcy Attorney

    Posted By Allmand Law Firm, PLLC || 7-Jun-2013

    When you find yourself overwhelmed with debt and you decide enough is enough, you are ready to file for bankruptcy. There are a number of bankruptcy lawyers who are qualified to help you get the relief you are seeking. But, of course then comes the important task of choosing who you want to establish a working relationship with. Sometimes getting a referral from friends and family can be a good ...
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  • If I File My Taxes Late Can I Still File for Bankruptcy?

    Posted By Allmand Law Firm, PLLC || 6-Jun-2013

    Even if you file your taxes late you can still file bankruptcy. When you begin the filing process you are required to provide documentation about your finances, debt, and monthly income. Your tax returns are necessary for a matter of reasons. Tax returns, including federal and state tax information, should be accurate for verification purposes. When you file you are required to include information ...
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  • Can I File Bankruptcy If I Can't Afford Filing Fees?

    Posted By Allmand Law Firm, PLLC || 5-Jun-2013

    Can't Afford to File Bankruptcy? Hiring a Fort Worth or Dallas bankruptcy attorney to help you complete the filing process is often recommended to ensure a successful outcome. Many who claim they are unable to pay on their outstanding debt will wonder how they can afford legal representation. This is a common reason why debtors will try to file for protection on their own or "pro ...
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  • Does Income of Both Spouses Need to Be Reported in Bankruptcy if Only One Spouse is Filing?

    Posted By Allmand Law Firm, PLLC || 4-Jun-2013

    When you file bankruptcy protection you are required to report household income to determine eligibility of the chapter you wish to file. The same is true for married couples who file a joint bankruptcy or a married person filing an individual petition. In other words, you are required to report income of your spouse even though you are filing for protection as an individual. Whether your ...
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  • When Bankruptcy is Necessary for an Incompetent Debtor

    Posted By Allmand Law Firm, PLLC || 3-Jun-2013

    Most often when you think about filing bankruptcy the process is completed by the debtor seeking protection. Yet, there are special circumstances in which a debtor may not be able to file a petition due to mental, physical, or financial challenges. It may actually make sense for them to file bankruptcy, but they are unable to make important decisions on their own; in other words they are not ...
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