Financial Archives - Page 2 of 5 - Rubin & Associates

What is the automatic stay?

When you are struggling with overwhelming debt, the pressure can feel relentless — calls from creditors, letters demanding payment, even the threat of foreclosure or repossession. But filing for bankruptcy can offer powerful relief, and one of the most immediate and impactful tools it provides is the automatic stay.

The automatic stay is a legal provision that instantly goes into effect the moment you file for bankruptcy. It’s a court-ordered injunction that stops most collection efforts in their tracks, giving you the breathing room you need to get your finances under control. (more…)

By Mark Rubin|2025-10-01T15:52:14-05:00March 28th, 2025|Bankruptcy, Debt, Financial, Foreclosure in Texas, Repossession, Taxes, Texas Bankruptcy|

Can you file for bankruptcy during a divorce?

One of the most common questions about bankruptcy is, “Can you file for bankruptcy during a divorce?” The short answer is yes, but there are several considerations to take into account before moving forward with both legal processes simultaneously. Understanding the potential advantages and complications can help you determine the best course of action for your financial future.

Bankruptcy and divorce: two separate legal processes

Bankruptcy and divorce are both complex legal matters, and while they may overlap in certain areas, they remain distinct processes. Bankruptcy is a federal legal procedure designed to help individuals eliminate or restructure debt, while divorce is a state-level legal process that involves the division of assets, liabilities, and determining responsibilities such as spousal or child support. (more…)

By Mark Rubin|2025-10-01T15:52:42-05:00March 3rd, 2025|Bankruptcy, Bankruptcy Myths, Debt, Financial, Foreclosure in Texas, Personal Finance, Repossession, Taxes, Texas Bankruptcy, Videos|

Can you buy a home or car during bankruptcy?

Filing for bankruptcy can be a stressful and complex process, often leading to many questions about what you can and cannot do financially. One common question we hear is whether it is possible to buy a home or a car while going through bankruptcy. The short answer is yes, but there are significant challenges and considerations you need to be aware of before making such decisions. (more…)

By Mark Rubin|2025-10-01T15:53:14-05:00January 22nd, 2025|Financial|

Is there an income limit to file for bankruptcy?

Financial struggles are more common that most people think – most Dallas-area residents are only one financial bump in the road away from out of control debt. One of the most common questions we hear in initial consultations with clients is if there is an income limit to file for bankruptcy. One of the most common misconceptions about bankruptcy is that it is only available to people with very low incomes. This simply is not true. Whether you are earning a modest salary or have a high-paying job, bankruptcy can still be a viable option for getting your finances back on track. (more…)

By Mark Rubin|2025-10-01T15:55:19-05:00November 30th, 2024|Bankruptcy, Bankruptcy Myths, Debt, Financial, Foreclosure in Texas, Money Management, Personal Finance|

Another amazing review for Rubin & Associates

We received an amazing testimonial for Rubin & Associates from a recent client and we wanted to share it here on our site. We know that are quite a few bankruptcy attorneys in Dallas and it can be difficult to choose one to help you through an already stressful period of your life. Reading what other people have to say can always help, so we try to share as many of these testimonials as possible.

Here’s what our recent client AJ had to say:

I haven’t had the chance to personally thank you for your help and I want to take a moment to do that now.

A client of yours recommended me to you and told me how you really helped her. I was skeptical at first and scared as well because I had gotten myself in trouble with debt again.

I prayed and asked God was this the right thing to do because I didn’t want to lose anything I had worked so hard for. Now that I am putting myself through school to have more pay it was very hard for me to work extra hours and keep everything up and trying to study at the same time.

I knew I had to do something and I was sent to you. Mr. Rubin, I cannot express enough how grateful I am for your help. I still have my vehicle, I can put myself through school and not lose anything and I am so thankful for your help. You are truly a blessing and I just want to say Thank you, Thank you.

May God continue to bless you, your staff and the work you do to help me and others… Again a deep thank you for your help.

Thank you!

By Mark Rubin|2024-11-15T08:42:29-06:00November 13th, 2024|Bankruptcy, Debt, Financial|

How do you know if you need to file for bankruptcy?

Financial stress can be overwhelming, especially when debts start to mount and you feel like you’re struggling just to stay afloat. Many people wonder if bankruptcy might be the solution, but deciding whether or not to file for bankruptcy can be complex. It is a big decision with lasting effects, and understanding when it might be appropriate to consider bankruptcy is essential. You should always talk with an experience bankruptcy attorney – they’ll help you understand your financial picture and assist you in choosing the right path forward. you should also watch for these common signs:

You are struggling to make minimum payments on debts

One of the first indicators that bankruptcy might be worth considering is when you are unable to make the minimum payments on your credit cards, loans, or other debts. Minimum payments are usually designed to keep you in good standing with creditors, but if even these are a challenge, it could mean your debt has grown unmanageable. While this situation does not automatically mean bankruptcy is the answer, it’s often a red flag that financial assistance may be needed. (more…)

By Mark Rubin|2025-10-01T15:55:56-05:00October 30th, 2024|Bankruptcy, Bankruptcy Myths, Debt, Financial|

What is the difference between Chapter 7 and Chapter 13 bankruptcy?

When individuals or families find themselves overwhelmed with debt and unable to meet their financial obligations, bankruptcy can provide a legal avenue for debt relief – and a fresh start. The two most common forms of personal bankruptcy in the United States are Chapter 7 and Chapter 13 bankruptcy. While both options are designed to help individuals manage or eliminate their debts, they differ significantly in terms of process, qualifications, and outcomes. (more…)

By Greg Gifford|2025-10-01T15:59:06-05:00September 25th, 2024|Bankruptcy, Debt, Financial, Personal Finance, Texas Bankruptcy|

What is a gray bankruptcy?

For the first time in a long time, the overall number of consumer bankruptcy filings increased last year, but gray bankruptcies have been increasing in number every year since 1991. A “gray bankruptcy” is the term for a bankruptcy filed by someone over the age of 65, and it’s a growing problem in America that needs more attention.

According to the National Consumer Law Center, people 65 and older have approximately four times as much credit card debt as people 25 and younger. This is not that surprising, if you think about it… Between increasing medical bills and the shrinking of social services, many older adults are experiencing increasing financial hardship.

It does not take much to send most Americans into a debt free-fall – unexpected job loss and medical bills are the two most common causes of bankruptcy cases. Once you have retired, you live on a fixed income, so a sudden large medical bill could result in financial disaster. Older Americans have had to turn to credit cards to simply make ends meet. (more…)

By Mark Rubin|2024-05-20T10:59:09-05:00May 20th, 2024|Bankruptcy, Bankruptcy Statistics, Debt, Financial|

Does bankruptcy help with medical debt?

One of the most common reasons our clients file for bankruptcy is help with medical debt. A large, unexpected hospital bill can absolutely destroy the finances of most Dallas-area residents.

Out of control debt can be incredibly stressful – especially when bill collectors make aggressive collection calls at all hours of the day. Once the debt spirals out of control, it seems impossible to catch up.

Medical debt is one of the most common reasons for filing for bankruptcy. In a Chapter 7 bankruptcy case, the medical debt is eliminated. In a Chapter 13 bankruptcy, the debt is restructured into a payment plan that lasts several years.

Out of control debt can be terrifying, but there are options available for everyone. It is always best to speak with an experienced bankruptcy attorney, but we will explain as much as we can in this post to give you more insight before you call for your free consultation. (more…)

By Mark Rubin|2024-04-30T14:28:43-05:00April 29th, 2024|Bankruptcy, Debt, Financial|

What happens with child support and alimony if you file for bankruptcy?

Unfortunately, bad things can happen to good people. The government created the federal bankruptcy laws for that very reason – to protect people who have lost control of their finances due to unforeseen circumstances. Some of the most common questions we hear from potential clients revolve around child support and alimony – and how a bankruptcy case will affect them.

Child support and alimony are treated differently in a bankruptcy cases because they are not standard debts. If you are thinking about bankruptcy and are wondering how your filing might affect child support or alimony payments, you should call us today at 214-760-7777. Our experienced Dallas bankruptcy attorneys can give you specific answers about your unique financial situation. (more…)

By Mark Rubin|2024-04-22T15:26:47-05:00April 22nd, 2024|Bankruptcy, Debt, Financial|