The Allmand Law Firm, PLLC Difference

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 2014

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  • Can I Sell Some of My Assets Before Filing Bankruptcy?

    Posted By Allmand Law Firm, PLLC || 13-Oct-2014

    The idea behind bankruptcy is to assist a person in resolving debt and learning better financial management. Being able to start again is not just about leaving the past behind, it also requires a person to protect their remaining assets. The benefits of this can be maximized by NOT borrowing, selling or depleting these assets before the bankruptcy is filed. Bankruptcy attorneys often meet clients ...
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  • Are Funds in an Inherited IRA Protected in Bankruptcy?

    Posted By Allmand Law Firm, PLLC || 11-Sep-2014

    The Supreme Court finally addressed the issue of when an IRA does not count as a retirement account. For nearly ten years, the question of whether inherited IRAs are protected during bankruptcy has gone unanswered. Finally, the Supreme Court has answered it with a unanimous no. In Clark v. Rameker, Heidi Heffron-Clark filed for bankruptcy nine years after inheriting her mother's IRA. When the ...
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  • I Just Received a Motion for Relief from Stay: What Do I Do?

    Posted By Allmand Law Firm, PLLC || 13-Aug-2014

    A consumer facing a insurmountable financial burden many times pursue either a Chapter 7 or a Chapter 13 bankruptcy. A Chapter 7 bankruptcy provides a consumer relief in the form of what is known as a discharge from a good portion of his or her debts. On the other hand, relief in a Chapter 13 proceeding involves the development of a payment plan. Through a Chapter 13 plan, a consumer pays off his ...
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  • Obama Introduces The New Pay As You Earn Plan Capping Student Loan Payments

    Posted By Allmand Law Firm, PLLC || 15-Jul-2014

    Springtime is supposed to be a joyful time for those who have graduated from college. However, for many members of the class of 2014, graduation means that they have left their student lifestyle behind, and they are about to meet their student loan debt obligations head-on. Typically, this reality is felt the most six months after graduation, when grace periods on student loans end and monthly ...
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  • Understanding Your Plan of Reorganization for a Chapter 11 Bankruptcy

    Posted By Allmand Law Firm, PLLC || 16-Jun-2014

    Chapter 11 bankruptcy, also known as "reorganization bankruptcy," is a bankruptcy plan that allows corporations, partnerships and individuals to reorganize their finances and restructure their debt. Unlike Chapter 13 bankruptcy cases, Chapter 11 bankruptcy has no debt ceiling. This plan is popular with both large and small businesses that need to restructure their debt. The ...
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