Filing a Joint Chapter 7 Bankruptcy Petition

Married couples that face mounting debt can file for joint bankruptcy together for the purpose of discharging the debts that they cannot pay. This is simply known as a joint bankruptcy or joint Chapter 7 bankruptcy. A Bankruptcy Attorney Can Help Determine Whether You Qualify for Joint Chapter 7 Allmand Law Firm, PLLC can help you and [...]

By |2018-07-11T23:15:47+00:00July 11th, 2018|Bankruptcy|Comments Off on Filing a Joint Chapter 7 Bankruptcy Petition

How to Rebuild Credit After Bankruptcy

To rebuild credit after bankruptcy, you need to have a plan. That plan has to be better than the one that landed you into bankruptcy in the first place. Sure, it’s a huge relief to have all that debt off your shoulders, but the bankruptcy will be on your record for the next 10 years [...]

By |2018-06-12T23:08:46+00:00June 12th, 2018|Bankruptcy|Comments Off on How to Rebuild Credit After Bankruptcy

What Is the Role of the Bankruptcy Trustee in Chapter 13?

When you file Chapter 13 bankruptcy, this allows you to reorganize your debt and repay your creditors over a three to five year plan. An appointed bankruptcy trustee will oversee the administration of the repayment plan. Below, Reed Allmand discusses the bankruptcy trustee's duties, as well as what to expect when filing Chapter 13. What [...]

By |2018-06-08T08:45:27+00:00May 22nd, 2018|Bankruptcy|Comments Off on What Is the Role of the Bankruptcy Trustee in Chapter 13?

What You Need to Know About Bankruptcy and Divorce

Two of the most devastating and overwhelming situations in life are bankruptcy and divorce. Unfortunately, many people who endure the one are also faced with the other. Filing bankruptcy can indicate financial difficulty, which is a leading cause of divorce. If you are fighting with your spouse about money, you are more likely to seek [...]

By |2018-04-23T23:46:56+00:00April 23rd, 2018|Bankruptcy|Comments Off on What You Need to Know About Bankruptcy and Divorce

7 Things to Avoid When Filing Bankruptcy in Texas

If you are overwhelmed with debt, filing bankruptcy may be a good option for you. It can help you eliminate debt, obtain manageable payments, and address the past so you can plan for the future. A skilled bankruptcy lawyer at Allmand Law can evaluate your situation and help you understand your legal options. Whether you file Chapter [...]

By |2018-03-20T20:07:13+00:00March 20th, 2018|Bankruptcy|Comments Off on 7 Things to Avoid When Filing Bankruptcy in Texas

How Trump Leveraged Other People’s Money to Make Bankruptcy Work for Him: A Timeline

Donald Trump is the self-proclaimed “king of debt.” Before becoming president, he built his brand and companies with massive amounts of borrowed money. Allmand Law teamed up with James Publishing to illustrate this timeline by Mother Jones, outlining Trump’s Bankruptcies: How Trump Leveraged Other People’s Money to Make Bankruptcy Work for Him. In the 1980s, [...]

By |2018-01-25T20:38:10+00:00January 25th, 2018|Bankruptcy|Comments Off on How Trump Leveraged Other People’s Money to Make Bankruptcy Work for Him: A Timeline

Where Does Bankruptcy Money Come From?

Bankruptcy is a debt relief process that enables consumers with insurmountable debt loads and financial struggles to gain control of their economic health. Achieving this goal and obtaining a brighter financial future will depend on the Chapter of bankruptcy filed under. For example: Chapter 7 bankruptcy involves the liquidation of non-exempt assets to pay at [...]

By |2018-04-10T09:17:50+00:00September 21st, 2017|Bankruptcy|Comments Off on Where Does Bankruptcy Money Come From?

Who Can View My Bankruptcy Record?

Bankruptcy is a significant legal endeavor that can provide substantial benefits to individuals and families struggling financially. Thanks to the automatic stay and discharge of debts provided by consumer bankruptcy – including Chapter 7 and Chapter 13 bankruptcy – those inundated by insurmountable debt loads and financial concerns can secure the fresh start and cleared [...]

By |2018-04-10T09:24:47+00:00September 14th, 2017|Bankruptcy|Comments Off on Who Can View My Bankruptcy Record?

7 Things to Avoid Prior to Filing Bankruptcy

If you are considering bankruptcy or have plans to file bankruptcy, getting prepared ahead of time can affect the outcome of your case and your financial future. At Allmand Law Firm, PLLC, we know that failing to prepare or taking the wrong steps can significantly jeopardize the success of a filing. This is why we [...]

By |2018-03-12T03:54:27+00:00September 8th, 2017|Bankruptcy|Comments Off on 7 Things to Avoid Prior to Filing Bankruptcy

Filing Bankruptcy: Which Chapter Do You File?

Every year, numerous Americans turn to bankruptcy as a means to find relief from insurmountable debt. These individuals, couples, and businesses come from all walks of life, and their financial situations are always unique. Because finances and filers are always different, the Chapter of the U.S. Bankruptcy Code you file under is a matter unique [...]

By |2018-03-12T04:24:08+00:00August 14th, 2017|Bankruptcy|Comments Off on Filing Bankruptcy: Which Chapter Do You File?