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How the Coronavirus Could Affect Bankruptcy

Posted by Théda Page | Mar 17, 2020 | 0 Comments

The world is experiencing a global pandemic with the rapid spread of the coronavirus causing cases of COVID-19. Dozens of cases have been reported in Texas, even here in Frisco, and the number is likely to grow as more people are able to be tested. While the public health threat is the priority, ...

What to Do if Creditors Disobey the Automatic Stay

Posted by Théda Page | Feb 29, 2020 | 0 Comments

Filing for bankruptcy provides relief in many ways, and one of the immediately noticeable ways is the automatic stay on creditors. After you have filed, creditors are legally required to stop contacting you or attempting to collect on their debt. This includes: Calling you or sending letters ...

A History of Bankruptcy Laws in the United States

Posted by Théda Page | Feb 17, 2020 | 0 Comments

As we celebrate Presidents Day, it is a good time to recognize how our bankruptcy laws have grown under different presidents. Our bankruptcy system is formed from federal laws passed by Congress and signed by presidents – all based on the belief that individuals and businesses should be able to e...

How to Find the Right Bankruptcy Attorney for You

Posted by Théda Page | Jan 22, 2020 | 0 Comments

When you are considering filing for bankruptcy, do not overlook the importance of who you pick to be your bankruptcy attorney. A good bankruptcy attorney can tell you whether bankruptcy is the right choice given your financial position and, if so, guide you through the process as smoothly as poss...

Resolving to File for Bankruptcy in 2020

Posted by Théda Page | Dec 31, 2019 | 0 Comments

One of the most popular New Year's resolutions that people make each year is to improve their physical fitness. Why not resolve to improve your financial fitness? Filing for bankruptcy may be your first step towards financial wellness if you have debts that you are unable to repay. Bankruptcy put...

Giving My Own Thanks During This Holiday Season

Posted by Théda Page | Nov 27, 2019 | 0 Comments

In my previous blog, I discussed the reasons that people in the U.S. can be thankful for our bankruptcy laws and the many attorneys and other professionals who help them through the process. As an attorney who practices in the areas of bankruptcy and family law, I have much to be thankful for mys...

Four Reasons to Be Thankful for Bankruptcy

Posted by Théda Page | Nov 25, 2019 | 0 Comments

The holiday season is a time of year when people reflect on what they are thankful for. Family, friends and good health are often at the top of people's lists. You are likely not thankful for financial circumstances that make filing for bankruptcy necessary, but you can instead be grateful for th...

What to Do If You Lose Your Job During Bankruptcy

Posted by Théda Page | Oct 31, 2019 | 0 Comments

Your job income plays a major part in how you file for bankruptcy. Your current monthly income (CMI) determines whether you automatically qualify for Chapter 7 bankruptcy or need to take the Means Test. If your income is too high for a Chapter 7 bankruptcy, then you can file a  Chapter 13 bankrup...

How Bankruptcy Can Cure You of Medical Debt

Posted by Théda Page | Sep 30, 2019 | 0 Comments

Medical bills are one of the top sources of unpaid debts in the U.S. According to a recent academic study, two-thirds of the people who file for bankruptcy cite medical issues as one of the key factors that led to their decision. Expensive medical treatment can have a compound financial effect on...

How Bankruptcy Can Help When Facing a Credit Card Lawsuit

Posted by Théda Page | Aug 13, 2019 | 0 Comments

Credit card companies have the right to file a lawsuit against you if you have not paid the balance you owe. They will not immediately sue you after your first missed payment but may consider it if you have not paid in several months and are uncooperative. Texas has a four-year statute of limitat...

The Short-Term and Long-Term Benefits of Bankruptcy

Posted by Théda Page | Jun 21, 2019 | 0 Comments

Bankruptcy may have a negative stigma for people who do not understand what the process means. Bankruptcy is a solution to your debt problems, not a symptom of them. You file for bankruptcy to stave off creditors and ultimately clear yourself of eligible debts that are causing you stress and thre...

Five Ways to Recognize Debt Collection Scams

Posted by Théda Page | May 29, 2019 | 0 Comments

People who are in debt can be more susceptible to debt collection scams. When you are worried about debt collectors, a threatening phone call or letter seems believable. At the very least, you do not think you can ignore it. Some scams involve debt collection agencies using illegal practices, whi...

How Self-Employment Affects Filing for Bankruptcy

Posted by Théda Page | May 22, 2019 | 0 Comments

With the recent changes in the economy and business hiring practices, an increasing number of workers are self-employed, either by choice or out of necessity. Self-employment can be working as an independent contractor for a business or being the sole proprietor of your own business. When faced w...

Pros and Cons of Reaffirming a Car Loan After Bankruptcy

Posted by Théda Page | Apr 09, 2019 | 0 Comments

We recently discussed whether you should continue to lease a vehicle when you are filing for bankruptcy. You are more likely to have to decide whether you will reaffirm your car loan. In a Chapter 7 bankruptcy case, you can surrender (give back your car) and discharge remaining debts at the end o...

Should You Continue Your Vehicle Lease During Bankruptcy?

Posted by Théda Page | Nov 30, 2018 | 0 Comments

Protecting your motor vehicle is often a priority during your bankruptcy. In a Chapter 7 case, different rules apply when you are leasing a vehicle. Monthly lease payments may be cheaper than loan payments, but you do not actually own the vehicle. Chapter 7 bankruptcy filers must decide whether t...

Actions to Avoid Before Filing for Bankruptcy

Posted by Théda Page | Nov 26, 2018 | 0 Comments

There are several actions you can take to help prepare yourself to file for bankruptcy. However, it is also important to understand what you should not do. Creditors will examine your financial activity leading up to your bankruptcy to spot instances of potentially fraudulent activity, which they...

Monitoring Proof of Claim Filings After Bankruptcy

Posted by Théda Page | Sep 25, 2018 | 0 Comments

Creditors must file a proof of claim in order to receive payments as part of a bankruptcy case. This practice occurs in Chapter 13 bankruptcy cases and Chapter 7 cases in which there are assets available to be distributed. As of Dec. 1, 2017, the Federal Rules of Bankruptcy Procedure enacted new ...

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The Page Law Firm is committed to answering your questions about Bankruptcy, and Family Law law issues in Collin County.

We offer a complimentary strategy session for consumer bankruptcy clients and we'll gladly discuss your case with you at your convenience. Contact us today to schedule an appointment.