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For Consumer Bankruptcy Clients


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 ...

Why Delaying Bankruptcy Can Be Costly

Posted by Théda Page | Jul 17, 2018 | 0 Comments

People who are heavily in debt may worry about the cost of filing for bankruptcy, but delaying an inevitable bankruptcy is often costlier. Bankruptcy is neither a sign of failure nor the ruin of your personal finances. Yet, some people let these misconceptions prevent them from filing for bankrup...

Four Ways to Contest a Credit Card Lawsuit

Posted by Théda Page | Jun 28, 2018 | 0 Comments

Credit card companies use lawsuits as a means of forcing clients to pay for outstanding debts. If the court rules in favor of the company, the company can place a lien on the debtor's real property or seize non-exempt personal property (think toys – motorcycles, dirt bikes). However, many judgmen...

Making Sure to Include All Creditors in a Bankruptcy Filing

Posted by Théda Page | Jun 22, 2018 | 0 Comments

Failing to list all of your creditors during your bankruptcy case might mean that you cannot discharge the debt, especially if you intentionally omit a creditor. If the case is ongoing, you can amend your bankruptcy Schedules to include an additional creditor. However, fixing your mistake is tric...

Passing the Chapter 7 Bankruptcy Means Test

Posted by Théda Page | Feb 08, 2018 | 0 Comments

Before you file for Chapter 7 bankruptcy, you should first determine whether you will qualify by using the means test. People often think of passing a test as a huge obstacle to achieving their goals. However, a bankruptcy means test is unlikely to prevent you from filing for Chapter 7 bankruptcy...

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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.