Bankruptcy is a powerful tool that can really help a person get back on their feet. One of the main policies for bankruptcy relief is to give individuals and businesses a fresh start. It would not be much of a fresh start if you were… Read More »Will Bankruptcy Remove All of My Debts?
Foreclosure can happen to anyone. There were nearly 2 million foreclosures in the US in 2012. The Dallas area ranked 11th among major cities in foreclosures during that same year. However, all is not lost, there are several tools that a homeowner has that can help… Read More »How Bankruptcy Can Stop Foreclosure
One of the most common questions I get from clients is “how can I improve my credit after bankruptcy”. In order to maximize your credit score after bankruptcy, you need to establish positive credit reporting. To establish positive credit report you need to MAKE YOUR… Read More »How To Improve Your Credit Score After Bankruptcy
My Debt Was Forgiven, Now What? When a mortgage company or even credit card company cancels or forgives your debt, there could be serious IRS implications. In other words, you are not out of it. Typically, when a company forgives or cancels a debt, they… Read More »The Nasty Tax Side to Debt Forgiveness
A recent case out of Alaska (In Re: Thomas Mortensen) held that a transfer to a trust was a fraudulent conveyance. I disagree but the issues presented can help future debtors avoid some of the pitfalls made in this case. The debtor purchased a property… Read More »What makes a transfer fraudulent?
It all starts with the Client. Remember, a client who is sued or about to be sued and has his life savings on the line will do almost anything. As an attorney, it is imperative that you counsel your client against doing anything that is… Read More »ASSET PROTECTION – UNDERSTANDING FRAUDULENT TRANSFERS AND CONVEYANCES
