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5 Scary Things That Bankruptcy Can Save You From
5 Scary Things That Bankruptcy Can Save You From

Bankruptcy

5 Scary Things That Bankruptcy Can Save You From

It’s Halloween, so we thought it would be appropriate to share 5 scary things that bankruptcy can save you from. If you’re overwhelmed with debt, the situation can get scary quickly, and rising stress levels make the situation even worse.

Bankruptcy was designed to give people just like you a second chance. Wouldn’t you like a fresh start, with no stress and no fear? Here are the 5 scariest things that bankruptcy can save you from:

1. Getting deeper in debt

Many times, if you’re overwhelmed with debt, you’ll resort to any means possible to stay afloat. Additional loans or credit cards will only make your situation worse, and the more debt you accumulate, the harder it will be to catch up. When you file for bankruptcy, the cycle is broken. Many times, your debt can be completely erased.
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By Mark Rubin|2014-10-31T13:02:58-05:00October 31st, 2014|Bankruptcy|

What Happens With a Dismissed Bankruptcy?
What Happens With a Dismissed Bankruptcy?

Bankruptcy, Texas Bankruptcy

What Happens With a Dismissed Bankruptcy?

There are several reasons that a bankruptcy case can be dismissed. The Bankruptcy Code allows most dismissed cases to be re-filed at any time, and most importantly – the debts that were included in the original case are not barred from discharge.

It’s important to note – once a bankruptcy case is dismissed, the automatic stay ends immediately, which means creditors are allowed to renew their collection attempts. Any liens or transactions avoided by the bankruptcy case are also reinstated.

It’s important to have an experienced bankruptcy attorney in your corner to help navigate the complicated waters of bankruptcy law. We always help our clients understand every aspect of their bankruptcy case, including what happens if their case is dismissed.

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By Mark Rubin|2014-08-30T04:11:10-05:00August 30th, 2014|Bankruptcy, Texas Bankruptcy|

2014 Dallas Bankruptcy Cases
2014 Dallas Bankruptcy Cases

Bankruptcy, Bankruptcy Statistics, Texas Bankruptcy

2014 Dallas Bankruptcy Cases

If you’re struggling with overwhelming debt, you’re not alone. Thousands of Dallas area residents have filed for bankruptcy so far this year.

According to court records, 3,866 bankruptcy cases have been filed in the Northern District of Texas, Dallas Division between January 1, 2014 and the beginning of August. The Fort Worth Division has seen 3,267 bankruptcy cases filed, and the Sherman Division has seen 1,705. We include the Sherman Division in the numbers because our office in Frisco allows us to assist clients who live further north.

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By Mark Rubin|2014-08-21T15:40:08-05:00August 21st, 2014|Bankruptcy, Bankruptcy Statistics, Texas Bankruptcy|

The Top 4 Loans To Avoid
The Top 4 Loans To Avoid

Bankruptcy, Personal Finance

The Top 4 Loans To Avoid

We help hundreds of Dallas area residents file bankruptcy every year, and while each client’s story is unique, we tend to see common financial mistakes. No one plans to end up buried in debt, but with certain decisions, you’re more likely to end up in financial trouble.

Once your financial picture starts to look dim, it’s easy to accept the fast cash offers that companies offer. You’re late on bills, your mortgage, your car payment – so quick easy money seems like a great solution. Unfortunately, these quick loans end up sending you further down the road of no return.

So, we wanted to share the four types of quick cash loans that you should avoid:

1. Cash Advances

Almost every credit card offers a cash advance – where you can just walk up to an ATM and pull out cash. Yes, it’s immediate money, but you’re actually just adding to your accumulating debt. Even worse, the cash advance usually includes extra cost. You’ll be charged the standard interest rate on your credit card, and you’ll also have an added cash advance fee of 3% to 5% of the amount you withdraw.

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By Mark Rubin|2022-06-01T11:01:53-05:00July 30th, 2014|Bankruptcy, Personal Finance|

Bankruptcy vs. Debt Consolidation [VIDEO]
Bankruptcy vs. Debt Consolidation [VIDEO]

Bankruptcy, Debt, Videos

Bankruptcy vs. Debt Consolidation [VIDEO]

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By Mark Rubin|2022-06-01T11:35:15-05:00June 27th, 2014|Bankruptcy, Debt, Videos|

Should You File for Bankruptcy? [VIDEO]
Should You File for Bankruptcy? [VIDEO]

Bankruptcy, Debt

Should You File for Bankruptcy? [VIDEO]

Obviously, this is the most common question we hear from potential clients. Bankruptcy can be intimidating if you don’t know what’s involved – and that’s why we provide free consultation calls to everyone. Everyone who calls gets to talk to Mark, and he’ll take the time to listen to your financial situation and explain your options.

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By Mark Rubin|2014-06-15T19:37:23-05:00June 15th, 2014|Bankruptcy, Debt|

5 Tips to Improve Your Credit After Bankruptcy
5 Tips to Improve Your Credit After Bankruptcy

Bankruptcy, Money Management

5 Tips to Improve Your Credit After Bankruptcy

Many of our clients are curious about what happens to their credit scores after they file for bankruptcy. In many cases, their scores have already decreased pretty drastically, since their financial hardship made it difficult or impossible to make monthly payments.

Most people think that filing for bankruptcy will destroy their credit indefinitely, but it’s actually not that difficult to repair your credit after filing. As long as you keep your goal in mind and stick to your plan, you’ll be able to rebuild your credit.

A bankruptcy can remain on your credit report for up to 10 years, so it’s important to follow these steps to start building your credit after bankruptcy:

1. Start with your credit report

You won’t know where you’re going if you don’t know where you are. Get a copy of your credit report so you fully understand your current score. You can get a free copy of your credit report every year from the big players (Equifax, Experian, and TransUnion) at the annualcreditreport.com website. Make sure you check for any errors. (more…)

By Mark Rubin|2014-05-15T11:04:20-05:00May 15th, 2014|Bankruptcy, Money Management|

Eliminating Tax Debt With Bankruptcy
Eliminating Tax Debt With Bankruptcy

Bankruptcy, Debt, Texas Bankruptcy

Eliminating Tax Debt With Bankruptcy

It’s tax day, and that means many Americans are finding out that they owe even more money, thanks to the IRS. We always get questions at this time of year about how filing for bankruptcy will affect a family finances. In our last blog post, we discussed what can happen with any potential tax refunds during bankruptcy, and this time, we’re going to discuss how filing will affect a tax debt.

Even though the government tightened bankruptcy laws back in 2005, you still have the ability to relieve a tax burden. It’s important to meet with a qualified bankruptcy attorney first, so you can walk through the details of your situation and fully understand the possible tax implications or relieve you might receive.

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By Mark Rubin|2014-04-15T09:57:30-05:00April 15th, 2014|Bankruptcy, Debt, Texas Bankruptcy|

What happens to your tax refund in bankruptcy?
What happens to your tax refund in bankruptcy?

Bankruptcy, Texas Bankruptcy

What happens to your tax refund in bankruptcy?

The people who file for bankruptcy during tax season always ask us what happens to their tax refund. Does they still get it, or is it lost?

Most of the time, if you’re in Chapter 7 bankruptcy, you’re able to protect your tax refund. Unfortunately for those in Chapter 13, saving your refund isn’t as likely.

Tax refunds and Chapter 7 Bankruptcy

When you file for Chapter 7 bankruptcy, your tax refund is considered an asset – whether you’re received it or not. Just like your other assets, if your tax refund is “exempt,” it can’t be touched by the trustee. The amount of your refund that’s exempt will very from state to state, depending on the state allowed amounts. You might even be able to use the wildcard exemption (which can be used to protect any asset) if your state doesn’t have laws regarding the exemption of tax refunds.

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By Mark Rubin|2014-03-25T21:21:57-05:00March 25th, 2014|Bankruptcy, Texas Bankruptcy|

Filing Bankruptcy Without An Attorney
Filing Bankruptcy Without An Attorney

Bankruptcy

Filing Bankruptcy Without An Attorney

Filing for bankruptcy can be a confusing process. Many people struggle financially, and when the debt becomes overwhelming, they’re unsure of how to go about getting out of debt. Filing for bankruptcy can erase debt and provide a fresh start.

Incredibly, some people ask about filing for bankruptcy without a lawyer. Anyone can file for bankruptcy without an attorney, but it’s an incredibly complicated process, and we’d never suggest any such attempt.

Please – if you have questions about filing for bankruptcy or would like to know why you really need to have an experienced lawyer in your corner, call us for a free consultation at 214-760-7777.

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By Mark Rubin|2014-03-12T13:19:57-05:00March 12th, 2014|Bankruptcy|