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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 April, 2014

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  • Are My Children's Assets Protected in Bankruptcy?

    Posted By Allmand Law Firm, PLLC || 28-Apr-2014

    When you file bankruptcy protection debtors are required to list their assets. This information is recorded in Schedule C of your filing documents or your petition. If you have children you may have concerns about their property and whether bankruptcy can assist in keeping them away from creditors. In most cases, this is not an issue to worry about but there are situations you may want to discuss ...
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  • Do You Have to Repay What You Owe in Bankruptcy or Can I Eliminate All Debts?

    Posted By Allmand Law Firm, PLLC || 24-Apr-2014

    Do You Have to Repay What You Owe in Bankruptcy ? The answer depends on which chapter you file. Chapter 13 bankruptcy is court-approved repayment plan that helps debtors make affordable payments on debt obligations. Chapter 7 bankruptcy can eliminate qualifying debts through a discharge approved by the court. Once you have a better idea where you stand with your finances and how you qualify for ...
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  • Congress Gets More Pressure from the House to Forgive Student Loans in Bankruptcy

    Posted By Allmand Law Firm, PLLC || 17-Apr-2014

    More individuals in the House of Representatives are voicing their opinions on why student loan debt should be forgiven in bankruptcy. In recent months more efforts are being made to provide Congress with more insight on how student loan debt continues to be a huge problem. House Democrat Naomi Jakobsson proposed House Resolution 620 which advocates change of the bankruptcy rules by the ...
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  • Coldwater Creek Files Chapter 11 Bankruptcy

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

    Women's clothing retailer Coldwater Creek has filed for bankruptcy. The business, originally known as a catalog business 30 years ago, recently filed Chapter 11 bankruptcy protection in Delaware. Coldwater had over 300 store locations in operation but cited declining sales and the downturn of the economy. At one point, the company had revenue peaking at just over $1 billion in 2006. Documents ...
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  • Bankruptcy Trustee Questions Oksana Grigorieva's Finances

    Posted By Allmand Law Firm, PLLC || 7-Apr-2014

    While Oksana Grigorieva claims she's strapped for cash, the bankruptcy trustee overseeing her case claims her monthly expenses are not adding up. Grigorieva, a Russian singer known as the mother of Mel Gibson's child, filed for bankruptcy recently but the trustee may have found deficiencies related to her debts and expenses that are raising concerns about her filing. There are expenses and ...
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  • Options for When You Cannot Afford a Bankruptcy Attorney

    Posted By Allmand Law Firm, PLLC || 3-Apr-2014

    One of the best ways to learn more about your options when considering filing bankruptcy is to do your homework by researching what is available. You can also discuss your situation with a qualified bankruptcy attorney that can provide further insight to help you make an informed decision. Even though you may feel as if you cannot afford to pay an attorney, there are a few options to consider that ...
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  • What Happens When You Can Not Afford Filing Fees for Chapter 7 Bankruptcy?

    Posted By Allmand Law Firm, PLLC || 1-Apr-2014

    What Happens When You Can't Afford Filing Fees for Chapter 7 Bankruptcy? One reason why many debtors may not have started the filing process for Chapter 7 bankruptcy is their inability to pay filing fees. It is possible you may be able to have them waived if you meet necessary qualifications for your state. For instance, if you want to file for protection in Texas, your household size and ...
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