Articles from Allmand Law

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Housing Fixtures and Bankruptcy

Submitted by Anonymous (not verified) on Mon, 12/18/2017 - 21:03

When filing for bankruptcy many debtors have debt associated with upgrades to their home such as a water heater or in ground swimming pool. Just like all other debts, these debts must be included in the bankruptcy filing. But that doesn’t mean that handling of the debt on these housing fixtures will be simple as other secured items such as a vehicle.Usually what happens is that the lender has a security interest in the fixture that has been attached to the house. What that means is that the lender will continue to own the fixture until the loan has been paid.

How to File for Bankruptcy with Student Loans

Submitted by Anonymous (not verified) on Wed, 10/25/2017 - 03:00

Higher education is a critical investment for the future, and it has become
a commodity younger generations, as well as older generations looking
to start new careers, are required to have by more and more companies
when beginning their careers. Unfortunately, it doesn’t come cheap.
With rising tuition costs at both public and private institutions, in addition
to ancillary costs for books, room, and board, many American students
have turned to student loans in order to fund their education. While student

What is the Bankruptcy Means Test?

Submitted by Anonymous (not verified) on Fri, 10/06/2017 - 03:00

In 2005, lawmakers passed the Bankruptcy Abuse Prevention & Consumer
Protection Act (BAPCPA) and made several significant changes to U.S. bankruptcy
laws. BAPCPA affected both consumer and business bankruptcies by creating
a new test to determine who is capable of paying back what they owe, and
what bankruptcy chapter they are eligible to file under.
Today, any person who chooses to file for

Where Does Bankruptcy Money Come From?

Submitted by Anonymous (not verified) on Thu, 09/21/2017 - 03:00

Bankruptcy is a debt relief process that enables consumers with insurmountable debt
loads and financial struggles to gain control of their economic health.
Achieving this goal and obtaining a brighter financial future will depend
on the Chapter of bankruptcy filed under. For example:

Who Can View My Bankruptcy Record?

Submitted by Anonymous (not verified) on Thu, 09/14/2017 - 03:00

Bankruptcy is a significant legal endeavor that can provide substantial
benefits to individuals and families struggling financially. Thanks to
the automatic stay and discharge of debts provided by consumer bankruptcy
– including Chapter 7 and Chapter 13 bankruptcy – those inundated
by insurmountable debt loads and financial concerns can secure the fresh
start and cleared path needed to obtain a brighter future.
While

7 Things to Avoid Prior to Filing Bankruptcy

Submitted by Anonymous (not verified) on Fri, 09/08/2017 - 03:00

If you are considering bankruptcy or have plans to file bankruptcy, getting
prepared ahead of time can affect the outcome of your case and your financial
future. At Allmand Law Firm, PLLC, we know that failing to prepare or
taking the wrong steps can significantly jeopardize the success of a filing.
This is why we do all we can to educate our clients about the journey
ahead and their rights, and to provide them with all the information,
assistance, and resources to make the process run as smoothly and sufficiently
as possible.

5 Foreclosure Myths Debunked

Submitted by Anonymous (not verified) on Tue, 09/05/2017 - 03:00

Although foreclosure rates are no longer at historical peaks as they have
been in recent years, millions of homeowners across the nation still face
the personal and financial challenges of foreclosure proceedings. This
is true in Texas, where foreclosure activity across the state and the
Dallas-Fort Worth area has increased in past two years. That leaves many
homeowners struggling to find relief during tough financial times.
At Allmand Law Firm, PLLC, our Dallas bankruptcy lawyers assist clients

Filing Bankruptcy: Which Chapter Do You File?

Submitted by Anonymous (not verified) on Mon, 08/14/2017 - 03:00

Every year, numerous Americans turn to bankruptcy as a means to find relief
from insurmountable debt. These individuals, couples, and businesses come
from all walks of life, and their financial situations are always unique.
Because finances and filers are always different, the Chapter of the U.S.
Bankruptcy Code you file under is a matter unique to you.
At Allmand Law Firm, PLLC, our Dallas bankruptcy lawyers prioritize personalized
service and support because we know it is the most important element in

Why Hiding Assets Could Cost You

Submitted by Anonymous (not verified) on Fri, 08/11/2017 - 03:00

When an individual or couple files for bankruptcy, they are required to
disclose all of their assets in their petition. It is important for filers
to remember that they must be 100 percent truthful when disclosing assets
and that they not attempt to hide them. Some people think that by concealing
assets, they won’t be taken away by the court during bankruptcy.
However, doing so is considered perjury, which comes with a number of
penalties which ultimately may end up costing the filer even more.

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