Blog Posts in 2009
Posted on Nov 16, 2009 By Malaise Law Firm
A chapter 13 bankruptcy is also called a "reorganization plan" or a "wage earner's plan." A debtor who files a chapter 13 bankruptcy intends to repay all or part of her debts in installments to ...
Continue reading "What Is Chapter 13 Bankruptcy?" »
Posted on Nov 16, 2009 By Malaise Law Firm
Passing the Means Test The Means Test is a formula designed to identify debtors that can afford to pay some of their unsecured debts (for instance, credit card debt ) and encourage repayment of these ...
Continue reading "Bankruptcy Means Test" »
Posted on Nov 16, 2009 By Malaise Law Firm
The "Co-Debtor Stay," also known as the "Co-Debtor Automatic Stay," is a feature of a Chapter 13 Bankruptcy designed to protect a debtor by insulating him from indirect pressures from his creditors ...
Continue reading "Chapter 13 Co-Debtor Stay" »
Posted on Nov 16, 2009 By Malaise Law Firm
The principal theory of consumer bankruptcy in America is that it provides a "fresh start" to debtors. A prime example of this policy is found in the 1918 Supreme Court case of Stellwagen v. Clum in ...
Continue reading "Bankruptcy's "Fresh Start"" »
Posted on Nov 16, 2009 By Malaise Law Firm
As a general rule, credit card debt is among the easiest type of debt to discharge during a Chapter 7 or Chapter 13 Bankruptcy. However, in some cases credit card companies will dispute the discharge ...
Continue reading "Discharging Credit Card Balances" »
Posted on Nov 16, 2009 By Malaise Law Firm
Payday loan companies prey on individuals experiencing financial difficulties. These lenders offer a short-term loan of a few hundred dollars that will be repaid on the borrower's next payday. To ...
Continue reading "Outstanding Payday Loans During Bankruptcy" »
Posted on Nov 16, 2009 By Malaise Law Firm
If you are paying child support, you may be confused about the effect of a bankruptcy filing on your child support obligation. A bankruptcy filing generally protects the debtor from the collection ...
Continue reading "Bankruptcy and Child Support Obligations" »
Posted on Nov 16, 2009 By Malaise Law Firm
Will Filing Bankruptcy Ruin My Credit? "Will filing bankruptcy ruin my credit?" This is a common question asked by individuals contemplating a bankruptcy filing. Usually this question is answered by ...
Continue reading "Bankruptcy Filing in Texas" »
Posted on Nov 15, 2009 By Malaise Law Firm
Dallas, the third largest city in Texas, is the economic centre of Dallas-Fort Worth-Arlington metropolitan area. Cases of bankruptcy filing, as the statistics reveal, are on the rise in Dallas. ...
Continue reading "Dallas Bankruptcy Attorneys" »
Posted on Aug 19, 2009 By Malaise Law Firm
A Chapter 7 bankruptcy discharge releases an individual from personal liability for most debts and prevents creditors from taking collection action against the debtor. In other words, the bankruptcy ...
Continue reading "Reaffirmation Agreements" »
Posted on Aug 17, 2009 By Malaise Law Firm
Clients have many questions during the initial appointment with a bankruptcy attorney. The most common concerns are losing property, and rebuilding credit after the bankruptcy case is over. ...
Continue reading "Will Bankruptcy Ruin My Life?" »
Posted on Aug 14, 2009 By Malaise Law Firm
If a debt collector is harassing you over a debt that you thought was dead and buried, you may be dealing with a zombie debt. The usual scenario is an unexpected phone call or letter asking for ...
Continue reading "Don’t Let Zombie Debts Haunt You" »
Posted on Aug 12, 2009 By Malaise Law Firm
Debt relief ads seem to be everywhere: on television, on the radio, and in newspapers and magazines. These companies use different terms to describe their services like counseling, consolidation, ...
Continue reading "Debt Relief Companies: So Many Names, So Many Scams" »
Posted on Aug 10, 2009 By Malaise Law Firm
During a Chapter 7 bankruptcy all unsecured debts are discharged. Debts that are secured by collateral (e.g. car loans) must be paid or the collateral must be returned to the lender. Occasionally an ...
Continue reading "Auto Redemption in Chapter 7 Bankruptcy" »
Posted on Jul 14, 2009 By Malaise Law Firm
Unemployment is on the rise in the U.S. and your creditors will be knocking or calling within thirty (30) days asking for payment(s). You may have the thought of delaying the payments but don't delay ...
Continue reading "The dreaded pink slip, pockets are empty" »
Posted on Jul 14, 2009 By Malaise Law Firm
In the State of Texas normally the first Tuesday of each month is the designated date to have your house sold or foreclosed upon. Before that arrival date, you will receive correspondence from your ...
Continue reading "Duck and cover or file chapter 13 to stop foreclosure" »
Posted on Jul 14, 2009 By Malaise Law Firm
IS THE DOCTOR IN? - Aside from the foreclosures, tax liability and repossession, the cost of medical services leads the charge in having families file for bankruptcy in the United States because many ...
Continue reading "Families filing for bankruptcy, less healthcare coverage" »
Posted on Jan 12, 2009 By Malaise Law Firm
Bankruptcy is a legally declared inability or impairment of ability of an individual or organization to pay its creditors. Creditors may file a bankruptcy petition against a debtor ("involuntary ...
Continue reading "What is Bankruptcy?" »