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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, 2014

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  • The Bankruptcy Discharge: Why It Is Important to Be Honest During Filing Procedures

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

    Being honest during your bankruptcy can make the filing process easier to complete with increased chances of getting the outcome you want. For many debtors this includes bankruptcy discharge, eliminating or wiping out debt. You may think things are complete upon being granted a discharge of debts, but if you were not honest during proceedings your discharge can be revoked; meaning, you can once ...
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  • Filing Bankruptcy When You Become Employed Again

    Posted By Allmand Law Firm, PLLC || 25-Feb-2014

    There are debtors who feel filing bankruptcy may not be necessary when they are unemployed. But as time goes by, you have been unable to repay debt obligations or you have no assets for creditors to seize. When you gain employment again you may start thinking about your finances with intentions of getting back on track. This includes protecting assets such as income you'll start earning at ...
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  • 3 Common Reasons Why a Personal Bankruptcy Is Filed

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

    Each year roughly 1 million cases are filed in bankruptcy court. During 2012 it was estimated that hundreds of thousands of petitions filed included foreclosure, but this wasn't the prime reason why many filed. A recent study took a look at why many cases were filed that year, with some surprising results. While many households have issues related to medical needs, job loss, changes in income, ...
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  • What You Should Know About Tax Refunds and Bankruptcy

    Posted By Allmand Law Firm, PLLC || 14-Feb-2014

    Your Tax Refunds and Bankruptcy Tax season often raises questions about what will happen to a tax refund if bankruptcy is filed. This can be the best time to discuss your questions and concerns with an experienced bankruptcy attorney. In many cases it is about timing depending on your unique situation. It may be best for you to postpone your filing until after you have received and spent your ...
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  • How Bankruptcy Can Stop Foreclosure Proceedings

    Posted By Allmand Law Firm, PLLC || 13-Feb-2014

    A bankruptcy filing can immediately stop foreclosure in most cases when proceedings have yet to be finalized. Bankruptcy may help homeowners buy more time in determining their next move including whether or not they want to keep their home. This is also a good time for debtors to review with their bankruptcy attorney about their options and their rights regarding redeeming the property (your ...
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  • When Bankruptcy Can Help You Deal with Medical Debt

    Posted By Allmand Law Firm, PLLC || 12-Feb-2014

    Medical bills continue to be one of most common reasons why consumers file bankruptcy. Even if you have health coverage it can be challenging to pay co-pays for doctor visits, prescription medications, and make payments on bills your insurance did not cover. Millions of Americans continue to juggle their finances by trying to make their money stretch to take care of other obligations such as ...
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  • Keeping Your Vehicle through Reaffirmation in Chapter 7 Bankruptcy

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

    Debtors may wonder if they can keep their vehicle in a Chapter 7 bankruptcy case if they are still making payments on it. Others may wonder what can happen if they have been unable to make payments but they still want to retain the vehicle. Even though there are two options a debtor may have in this type of situation, many revert to reaffirmation as long as they are able to maintain their end of ...
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