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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 February, 2013

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  • Debunking Bankruptcy Myths that Keep People from Filing

    Posted By admin || 27-Feb-2013

    Many consumers try to avoid bankruptcy mostly because of false misconceptions and a lack of understanding. While filing may have its pros and cons, it often depends on the situation of the individual. When considering bankruptcy it is important to get sufficient information that can help you make an educated decision about your finances. Get caught up with the facts instead of getting confused and ...
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  • 4 Qualities of a Good Bankruptcy Attorney

    Posted By admin || 26-Feb-2013

    An important contributing factor in achieving a favorable outcome for your case includes having a good attorney. Choosing the right lawyer to work with during the process is a vital step, but with so many options it's easy to get overwhelmed and confused. Here are a few things to look for when finding an attorney: Experience in practicing bankruptcy. The number of years an attorney has practiced ...
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  • Senators Continue Push for Private Student Loan Debt Discharge in Bankruptcy

    Posted By admin || 25-Feb-2013

    Could private student loans be eligible for discharge in bankruptcy? The Fairness for Struggling Students Act of 2013 is legislation recently reintroduced to Congress that aims to get private student loans eligible for elimination under Chapters 7, 11 and 13. The Act is working to reverse changes made to the bankruptcy code back in 2005 that made student loan debt ineligible for discharge. The ...
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  • How to Determine if Bankruptcy Will Wipe Out Your Debt

    Posted By admin || 15-Feb-2013

    Bankruptcy has the ability to wipe out debt, but you'll need to understand which debts qualify to be eliminated if you decide to file. You need to learn about the process and depending on your situation, what it will and will not do for you. This includes reviewing your debt situation, getting an idea of what problems the process will remedy and which debts may not qualify for discharge. ...
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  • Merchandising Unit for Motorcycle Company Orange County Choppers Files Bankruptcy

    Posted By admin || 13-Feb-2013

    Paul Teutul Sr., founder of Orange County Choppers Holdings Inc., filed Chapter 7 bankruptcy for the company's merchandising unit last week in Poughkeepsie, NY. The filing will be used to help liquidate assets to pay off creditors. The merchandising unit provided OCC apparel that at one time was flying off the shelves during peak popularity of the family's television show "American Chopper." ...
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  • What Happens When Creditors Try to Collect after My Bankruptcy is Discharged?

    Posted By admin || 12-Feb-2013

    Collection After Bankruptcy When you receive a discharge at the end of your bankruptcy case you are not responsible for paying the debt. A discharge basically extends the protection of the automatic stay that went into effect when you filed your petition. Debts not eligible for discharge may continue to be the responsibility of the debtor. On the other hand, creditors who try to collect on a ...
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  • Can I File Bankruptcy if I Receive Public Assistance?

    Posted By admin || 11-Feb-2013

    Bankruptcy and Public Assistance Some debtors are under the impression that receiving public assistance may make them ineligible to file bankruptcy. The truth is you can file if you are receiving public assistance or have low income. With economic uncertainty and the cost of living on the rise, many households are receiving some type of federal assistance to help make ends meet. Bankruptcy is an ...
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  • Getting Money Back From Garnishment After Bankruptcy

    Posted By admin || 8-Feb-2013

    Garnishments are a legal actions enforced by the court to allow creditors to collect on outstanding debt. The most common is wage garnishment when funds are deducted from paycheck earnings. Bankruptcy may stop pending and active garnishment activity against you. When bankruptcy is filed an action called the automatic stay goes into effect. The stay prevents further collection attempts from ...
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  • Maximizing Bankruptcy Exemptions to Protect Personal Property

    Posted By admin || 7-Feb-2013

    Bankruptcy Exemptions to Protect Personal Property Debtors considering bankruptcy have several options to explore that can help them protect their property. Too often, people get caught up in myths and misconceptions about what happens to personal assets when they file, instead of focusing on how they maximize their exemptions. By conducting some pre-planning prior to your filing, you may be able ...
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  • Can Bankruptcy Protect My Income Tax Refund?

    Posted By admin || 6-Feb-2013

    Does Bankruptcy Protect Income Tax Refunds? January through April is tax season and like many consumers you may be anticipating a tax refund. If you plan on filing bankruptcy during this time period, you may have concerns about how you can protect your refund from creditors. While many debtors may not want to disclose they are expecting a refund in fear of it being seized by the trustee, telling ...
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  • When It Makes Sense to File Bankruptcy

    Posted By admin || 5-Feb-2013

    Many consumers consider bankruptcy as a final resort after other options have been explored. Yet, some may not realize it is time to file even though their finances are spiraling out of control. To help in determining if bankruptcy is an option, consider the following points. Has bankruptcy been an option you've considered for a while? Do you feel like your financial problems have lingered for a ...
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  • Does Debt from Delinquent Utility Bills Get Listed in Bankruptcy?

    Posted By admin || 1-Feb-2013

    Debt From Delinquent Utility Bills It's common for debtors to fall behind on payment obligations such as paying utilities when money is tight. When you begin the filing process you may wonder if you need to list these bills in your bankruptcy. Any delinquent accounts you have should be included in your filing. Utility bills you may have fallen behind on such as the water, electric, phone and gas ...
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