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 July, 2013

Blog Home
  • The Motor City Detroit Files Bankruptcy

    Posted By Allmand Law Firm, PLLC || 31-Jul-2013

    In what is being considered the largest municipal bankruptcy filing in U.S. history the city of Detroit seeks Chapter 9 protection. While the move was anticipated for some time by financial analysts, the city has seen a significant decline in a number of ways over the last several decades. The filing is being seen as the best option for the city to help them rebuild, restructure, and regain ...
    Continue Reading
  • What Are Bankruptcy Exemptions?

    Posted By Allmand Law Firm, PLLC || 30-Jul-2013

    Bankruptcy exemptions play a significant role during the filing process. They help debtors obtain protection for their assets and personal property against creditors. In short, exemptions provide legal options for debtors to keep their possessions during and after bankruptcy. Chapter 7 bankruptcy exemptions help determine what you can keep, while Chapter 13 bankruptcy exemptions help debtors ...
    Continue Reading
  • How to Keep Assets Legally Protected in Bankruptcy

    Posted By Allmand Law Firm, PLLC || 29-Jul-2013

    Filing for bankruptcy can help you keep your assets legally without having them seized by creditors to satisfy an outstanding balance or past due debt. Yet, some who file think they need to hide or withhold information about their personal property in order to retain it. This action may lead to bankruptcy fraud charges, hefty fines and imprisonment. You can easily avoid hiding details by being ...
    Continue Reading
  • California Business Man Convicted of 15 Counts of Bankruptcy Fraud

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

    A California business man and an attorney were recently convicted in a multimillion dollar bankruptcy fraud and money laundering scheme that carried on for a number of years. Steven Zinnel, 49, of Gold River and attorney Derian Eidson, 49, of Yorba Linda, will both be sentenced later this year their roles in the scheme that included concealing funds and using different names of corporations in ...
    Continue Reading
  • Chapter 13 Bankruptcy: How Much Will You Pay Each Month?

    Posted By Allmand Law Firm, PLLC || 25-Jul-2013

    Monthly Payments For Chapter 13 Bankruptcy Debtors who are struggling to make payments may find Chapter 13 bankruptcy helpful for a number of reasons. For some, it helps them make their money stretch further while still being in good standing with their creditors. For others it helps them keep their property due to falling behind on payments. You get legal protection while making payments you can ...
    Continue Reading
  • When to Consider Filing a Joint Bankruptcy Petition

    Posted By Allmand Law Firm, PLLC || 23-Jul-2013

    Married couples may benefit from filing a joint bankruptcy petition under certain circumstances. Couples may save money during the process and gain adequate protection for assets and property between them. Yet, there are a few details to review in understanding the process and whether a joint petition is the best option. The process is similar to an individual filing, except debts, income, ...
    Continue Reading
  • I'm Behind on Mortgage Can Chapter 7 Bankruptcy Help?

    Posted By Allmand Law Firm, PLLC || 22-Jul-2013

    Falling Behind on Mortgage Payments Filing for bankruptcy has helped many debtors save their home by giving them more time to get caught up on payments or even prevent foreclosure. But, if you are considering Chapter 7 as an option regarding missed mortgage payments, you may need to review this with your bankruptcy attorney to see if this will remedy your situation. Chapter 7 bankruptcy may give ...
    Continue Reading
  • What Happens to a Tax Lien When Bankruptcy is Filed?

    Posted By Allmand Law Firm, PLLC || 19-Jul-2013

    Your Tax Lien After Your Bankruptcy is Filed When you file bankruptcy, the automatic stay goes into effect which stops collection attempts from creditors. Yet, this may have a different effect on a tax lien depending on your situation. A tax lien is when a taxing authority, such as the Internal Revenue Service (IRS) or state government, places a lien on your property for failing to pay outstanding ...
    Continue Reading
  • Do I Have To Give Up My House in Chapter 7 Bankruptcy?

    Posted By Allmand Law Firm, PLLC || 18-Jul-2013

    This is a common question among debtors who either don't own their home, or are still making mortgage payments. Some homeowners worry about what will happen to their house when they file chapter 7 bankruptcy. It helps to understand your options prior to filing based on your unique situation. In most cases, debtors end up keeping their home when they file, while meeting necessary requirements ...
    Continue Reading
  • Stopping Collection Attempts from Creditors with Bankruptcy

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

    Bankruptcy may help stop a number of collection attempts from creditors depending on your situation. Many people have a habit of ignoring or neglecting collection notices from creditors and wait too long to begin the filing process. Meaning in some cases, it may have made sense legally to file sooner to avoid further action being taken against you. Wage garnishment, having bank account funds ...
    Continue Reading
  • What You Need to Know When You Are Ready to File Bankruptcy

    Posted By Allmand Law Firm, PLLC || 16-Jul-2013

    Whether you are struggling in getting debt obligations paid such as medical bills, personal loans, credit card debt, mortgage payments, or student loan debt, chances are you are not alone. Every year bankruptcy is filed by millions of consumers who are tired of struggling in trying to make ends meet and want a fresh start. As a legal financial process that can help eliminate or reduce your debt, ...
    Continue Reading
  • More Student Loans Getting Wiped Out in Bankruptcy

    Posted By Allmand Law Firm, PLLC || 15-Jul-2013

    While it is true there are special requirements to meet in order to get student loan debt discharged in bankruptcy, more debtors are being granted elimination of the debt. Recent reports have reviewed a number of previous bankruptcy filings by consumers over the last few years that have included student loan debt, and the outcome of many filings show there is light at the end of the tunnel. It ...
    Continue Reading
  • Can I File Bankruptcy If I Have Little or No Income?

    Posted By Allmand Law Firm, PLLC || 12-Jul-2013

    Filing Bankruptcy With Little or No Money Filing for bankruptcy with limited income is possible, but it often depends on personal circumstances. In such situations, debtors may qualify to file Chapter 7 instead of Chapter 13 bankruptcy. In Chapter 13, you agree to a repayment schedule approved by the court based on your ability to repay. If your debt obligations qualify for discharge or complete ...
    Continue Reading
  • Why It's Important to Have a Bankruptcy Consultation

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

    The Importance of Bankruptcy Consultations When considering bankruptcy as an option to get you the financial relief you are seeking, taking the time to consult with a bankruptcy expert can make a big difference in how you proceed in choosing the best solution. This is the perfect opportunity to gain clarity about the process and whether it is the best solution for your situation. It is also the ...
    Continue Reading
  • What Happens in Bankruptcy When a Discharge Gets Denied?

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

    When a Bankruptcy Discharge is Denied Most debtors seeking to have debt eliminated or discharged may have the action granted by the bankruptcy court. Although a discharge can be denied and in many cases it is due to the debtor doing something they should have avoided. It is important to note that when a discharge is denied, it may not necessarily mean the case is dismissed. But, it often depends ...
    Continue Reading
  • Understanding Limitations in Bankruptcy

    Posted By Allmand Law Firm, PLLC || 9-Jul-2013

    What are the Limitations of Filing Bankruptcy? Many refer to bankruptcy as being a powerful financial tool that can help eliminate or restructure your finances. When you are considering filing for protection, you should know what debt is eligible for discharge since all debts cannot be wiped out. Certain debts, such as credit card debt and medical bills, may be wiped out in either Chapter 7 or ...
    Continue Reading
  • Lies about Bankruptcy that Keep People from Filing

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

    Everyone agrees that bankruptcy is a powerful financial tool that can help you obtain a fresh start. Yet there continues to be myths, misconceptions, and misunderstandings about the purpose of bankruptcy and its related processes. A number of bankruptcy professionals who are familiar with such misconceptions can probably write a few books about reasons why people do not file. Some people have ...
    Continue Reading
  • What You Should Know When Filing Bankruptcy with Credit Card Debt

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

    The most common form of debt in the United States is credit card debt. There are millions in circulation by a number of creditors with Chase bank alone having more than 100 million in 2008. While most people feel it is not a big deal to have credit card debt, some who find themselves in a financial crunch can find it difficult to make payments with increasing interest rates, hidden fees, and ...
    Continue Reading
  • When Student Loan Debt Makes It Difficult to Pay Other Financial Obligations

    Posted By Allmand Law Firm, PLLC || 2-Jul-2013

    Many people are under the impression that bankruptcy will not eliminate or discharge student loan debt. While this is true, it may not be the case for everyone. In some cases, student loan debt may be causing the household an undue hardship. This may allow student debt to be eligible for elimination, but even if you are struggling to make payments on non-student debt such as credit card bills, ...
    Continue Reading
  • Chapter 7 Bankruptcy Misconceptions

    Posted By Allmand Law Firm, PLLC || 1-Jul-2013

    Many consumers and small business owners who consider Chapter 7 bankruptcy protection are confused about the process due to many misconceptions or false information. While bankruptcy laws were updated in 2005, there still seems to be a considerable amount of misunderstandings about who can file and whether it damages your reputation. One of the most effective ways in debunking such myths includes ...
    Continue Reading
  • 20 results found. Viewing page 1 of 1.