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.

Recent Posts in After Bankruptcy

  • Bankruptcy and Success are Not Mutually Exclusive

    Posted By Allmand Law Firm, PLLC || 15-Oct-2015

    It is a popular misconception that only unsuccessful people or businesses file for bankruptcy, or that there is no way for people to achieve success in the future after filing. Allmand Law Firm, PLLC would like to dispel the myth that bankruptcy and success are somehow mutually exclusive of one another, and focus on how bankruptcy is designed to help people rather than to punish them. Take, for ...
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  • How Can I Rebuild My Credit After Bankruptcy?

    Posted By Allmand Law Firm, PLLC || 23-Sep-2015

    Many people believe that bankruptcy permanently destroys your credit, but this couldn’t be further from the truth. In fact, bankruptcy may even save your credit in cases where an old debt kept your score down. Now that you have gotten a fresh financial start, there are a number of steps you can take to begin rebuilding your credit. How Does Bankruptcy Affect my Credit Score? The purpose of ...
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  • How does The Automatic Stay Help Those Filing for Bankruptcy?

    Posted By Allmand Law Firm, PLLC || 28-Jul-2015

    Filing for bankruptcy can be an intimidating decision. But, did you know that there are various tools that are used to protect you during the process? In fact, one of the most beneficial tools for those filing bankruptcy is the automatic stay. This is a United States bankruptcy code law that does not allow creditors or debt collection agencies to take action or file lawsuits against debtors. This ...
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  • Tips On Avoiding Subprime Lenders After Bankruptcy

    Posted By admin || 22-Jun-2010

    Many debtors are surprised that after their bankruptcy is discharged they find themselves receiving many credit offers. Credit card companies, car loan lenders and even mortgage finance companies will send post-bankruptcy debtors credit offers hoping to capitalize on their clean financial slate. But beware; many of these creditors are subprime lenders who prey on people just out of bankruptcy who ...
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  • Three Myths About Bankruptcy

    Posted By admin || 14-Jun-2010

    Debt is big business. That's why there are so many people out there invested in getting you indebted and keeping you that way. One of the ways they do this is by spreading myths about bankruptcy, which is the only legal way to have your debts forgiven. Let's take a look at some of the three most common myths about bankruptcy and why you shouldn't believe them: Myth #1 - If you file bankruptcy, you ...
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  • Seven Steps To Rebuilding Your Credit After Bankruptcy

    Posted By admin || 12-Jun-2010

    Step 1: Start rebuilding your credit right after your bankruptcy is discharged. Many debtors feel that they never want a credit card or any type of debt after they file bankruptcy. While that sentiment is understandable, it is counterproductive to rebuilding credit because in order for a bankruptcy debtor to improve their credit score they must apply for credit. The longer you delay this process ...
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  • Thriving After Bankruptcy

    Posted By admin || 11-Jun-2010

    When considering bankruptcy, many debtors only focus on the process; but the most important part of bankruptcy is after the debtor receives their bankruptcy discharge. It is the time after bankruptcy that the debtor is beginning their fresh financial start. So how does a debtor thrive after they receive their bankruptcy discharge? Let's take a look at a few tips: Live within your means. Creating ...
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  • Preventing Bank Levies After Filing Bankruptcy

    Posted By admin || 9-Jun-2010

    When debtors file for bankruptcy without the help of an attorney they often run into troubles such as post-bankruptcy filing bank levies. One of the mistakes that pro se bankruptcy filers make when submitting their bankruptcy paperwork is forgetting to notify all of the parties involved in collecting their debt payments. For example, before filing for bankruptcy, many debtors have active lawsuits ...
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  • Handling Student Loan Debt After Bankruptcy

    Posted By admin || 2-Jun-2010

    Student Loan Debt After Bankruptcy Like child support obligations and some types of taxes, student loan debt will most likely survive your bankruptcy filing unless you can prove that repaying them will cause an undue hardship. So how does a debtor get a fresh financial start after bankruptcy even if they still need to repay student loans? Let's take a look at few tips: Immediately contact your ...
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  • CIT Group Earns A Profit After Bankruptcy

    Posted By admin || 29-May-2010

    One of the nation's largest business lenders, CIT Group, has reported that it has turned a profit in the first quarter of this year after emerging from bankruptcy. CIT Group earned $97.3 million as of March 31, 2010 and generated $900 million in new loans and leases after exiting bankruptcy. However, short-term loans have suffered since the company emerged from Chapter 11 bankruptcy. Loans from ...
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  • Living The American Dream Without The Debt

    Posted By admin || 23-May-2010

    What is the American Dream? Before the economic recession began 3 years ago, many Americans may have described the American dream as having a big house, big car and access to lots of credit so that they too could live like the rich and fabulous. But after millions of Americans lost their jobs to business contraction, their homes to foreclosure and their access to easy credit to the credit crisis, ...
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  • Bankruptcy Court Finds Creditors To Be In Contempt For Violating Discharge

    Posted By admin || 21-May-2010

    In the bankruptcy case of Jarvar, Stanley E. and Barbara J.; In re (Jarvar v. Title Cash of Montana Inc., et al.), the bankruptcy court found Title Cash (the creditors) to be in civil contempt for violating the bankruptcy discharge. The details of the bankruptcy case: The debtor filed for Chapter 13 relief on Nov. 23, 2001. On March 29, 2002, Title Cash filed proofs of claim for two secured ...
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  • How To Avoid A Second Bankruptcy Filing

    Posted By admin || 7-May-2010

    Filing bankruptcy offers debtors the opportunity to have a fresh new start financially; however in order to avoid filing bankruptcy again, there are few habits debtors need to develop. One of the most common reasons that debtors fall behind on their bills and end up needing to file bankruptcy is the lack of an emergency fund. One of the most important foundations of financial security is having an ...
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  • Is There Really A Stigma Against Corporate Bankruptcy?

    Posted By admin || 26-Apr-2010

    Cadillac, the luxury brand of General Motors Co. recently announced that it is distancing itself from the Detroit-based automaker to avoid the "stigma" of the parent company's $50 billion U.S.-backed bankruptcy last year. Cadillac is erasing the GM name from its marketing and dealerships, changing e-mail addresses to from and exiting companywide promotions such as the Red Tag ...
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  • Four Tips For The Post Bankruptcy You

    Posted By admin || 22-Mar-2010

    Bankruptcy offers debtors the chance at a fresh financial start. But what does a debtor do once their debt has been discharged and their bankruptcy case closed? Below are four tips every post bankruptcy debtor should follow if they want to start their fresh start out on the right foot. Live within your means. Debtors exiting bankruptcy must learn to rely less on debt and more on the real income ...
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  • Job Losses and Bankruptcy Create Smaller Airline Industry

    Posted By admin || 17-Mar-2010

    According to a recent report by the Bureau of Transportation, the U.S. airline industry has lost tens of billions of dollars and over 170,000 of jobs over the past 10 years. A combination of lost revenue and several bankruptcy filings have conspired to shrink the industry significantly. The impact of job losses and bankruptcy can be seen greatest in the major airline carriers. United Airlines ...
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  • How To Thrive Financially After Bankruptcy

    Posted By admin || 3-Mar-2010

    Bankruptcy offers an opportunity at a fresh financial start of even the most indebted individuals. But how does a debtor ensure that their financial affairs remain in the "black" after a bankruptcy? Here are a few tips: Create A Budget - Whether you filed a Chapter 7 bankruptcy or a Chapter 13 bankruptcy, creating and sticking to a realistic budget will help you manage your financial affairs ...
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  • Debtor Loses In Fight Over Missing Mortgage Documents

    Posted By admin || 3-Mar-2010

    In the bankruptcy case DiMare, Donna M.; In re (DiMare v. Ameriquest Mortgage Co., et al.) , the debtor filed Chapter 13 bankruptcy and sued their original mortgage lender under the Truth In Lending Act. The bankruptcy court sided with the lender and issued a summary judgment in the lender's favor. The details of the bankruptcy case and lawsuit: On Feb. 20, 2004, the debtor refinanced the mortgage ...
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  • Unlisted Debt Comes Back To Haunt Bankruptcy Debtor

    Posted By admin || 3-Mar-2010

    In the bankruptcy case of Mammola, Robert J.; In re, 20 the bankruptcy debtor failed to list a creditor who later filed a lawsuit against the debtor. After attempting to reopen the bankruptcy case so that the omitted creditor could be included in the discharge, the bankruptcy court denied the debtor's request. The details of the bankruptcy case: The debtor filed for Chapter 11 relief in 1990. In ...
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  • Even Rapper Jay-Z Battles Foreclosure

    Posted By admin || 23-Feb-2010

    Rapper Shawn Carter (a.k.a. Jay-Z) is taking a foreclosure fight to the courts. Jay-Z, who took out a $52 million loan for a planned hotel development was at risk for foreclosure after the commercial real estate foreclosure crisis shut down his project. Right now, Jay-Z is disputing with his bank over interest payments he said were the result of their negligence. On Wednesday Jay-Z filed a lawsuit ...
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  • Retailers May Take A Hit With CIT Chapter 11 Bankruptcy

    Posted By admin || 10-Nov-2009

    According to an article in the Star-Telegram, CIT Group's Chapter 11 bankruptcy is a source of angst for the nation's small and mid-sized retailers, many of whom rely on the lender for credit. CIT Group insists that its bankruptcy will not cause disruptions for the already instable retail industry which has watched revenues drop since the financial crisis began. The article said: "...retail groups ...
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