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 Property Exemptions

  • Your Kids College Funds And Bankruptcy

    Posted By admin || 30-May-2010

    Are 529 Accounts Protected From Creditors? Understandably, debtors considering bankruptcy want to make sure they protect their assets especially those that are earmarked to go to their children. But one of the common misconceptions of debtors considering bankruptcy is that they can simply transfer some money into their kid's bank account or a 529 plan and that will protect that cash from creditors ...
    Continue Reading
  • Is My Inherited IRA Protected In Bankruptcy?

    Posted By admin || 14-May-2010

    Under 2005 bankruptcy reform, IRAs now enjoy projection when a debtor files for bankruptcy. Traditional and Roth IRA accounts with up to $1,171,650 in them are protected from creditor seizure during bankruptcy. That amount is reviewed very three years and may be increased based on the consumer price index (CPI). However, the $1,171,650 limit on IRA's doesn't include amounts rolled over from SEP ...
    Continue Reading
  • How Can I Keep My Car In Bankruptcy?

    Posted By admin || 1-May-2010

    In most parts of the country having a car can mean the difference between being able to keep your job or becoming unemployed. That's why it is important that debtors considering bankruptcy understand the options available to them if they want to keep their car after filing for bankruptcy. If a debtor with a car loan files Chapter 7 bankruptcy there are few options available to them: The debtor can ...
    Continue Reading