Tag Archives: considering bankruptcy

Bankruptcy Can Positively Impact Your Life
Growing up in El Paso and being Hispanic, I was brought up with the mentality that Bankruptcy was wrong.  Since I started working at Diamond Law almost 3 years ago, my mentality on Bankruptcy has changed.  Bankruptcy to so many people is a scary step to take. After working with so many clients throughout these 3 years I have witnessed the relief bankruptcy (Ch 7...
A NEW EVIL HAS EMERGED – DEBT RELIEF STOREFRONTS
Oh my God, today I spoke with a woman who was considering bankruptcy as a way to get out from under her credit card debt.  She like most people would rather pay off her debts than file for bankruptcy especially when you can wrap your arms around your debt total.  I applaud your ethics and values.  Sometimes, based on how much you owe in credit...
Bankruptcy, The Answer For Your Business?
Have you ever wondered why doctors and lawyers ‘practice' their profession?  I have.  Today you have to be lucky to find a doctor that focuses on ‘healing' and an attorney that focuses on ‘selfless problem solving'.  It has been my experience that the word ‘practice' gives professionals the freedom to make choices that may not best serve our needs.  It's important to sift through the...
CHAPTER 7 – CAN I KEEP THE DOG HOUSE?
If you have lived in Texas two (2) years prior to the date you filed your Chapter 7 bankruptcy (or plan on filing) you are entitled to use Texas Law to determine what property you get to keep.  That means you may either use the property that is "exempt (free to keep)" from bankruptcy under the Texas State Statute or you may choose to use...
Lobbyists Win and Congress Screws Its Constituents
Parties in control of Congress change, politicians that control the parties change, but it appears regardless of which party has the upper hand, the one thing that never changes is the people behind the scenes controlling the show.   The bankruptcy  bill that would give some protection back to the consumer is now stalled in the Senate, on the other hand, provisions that give businesses additional...
BANKRUPTCY COURT LEVELS PLAYING FIELD WITH IRS
Dealing with the Internal Revenue Service is a scary proposition, especially if you owe them money.  The Bankruptcy Court is one of the tools a taxpayer has at his/her disposal in dealing with "the tax man" in a variety of situations. The Bankruptcy Court can be used to: -Stop wage garnishments, bank account garnishments, levies, seizures of property and remove income tax liens that are in excess...

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