On June 26, 2017, the Supreme Court granted certiorari in PEM Entities v. Levin to decide whether bankruptcy courts should apply a federal multi-factor test or an underlying state law when deciding whether to re-characterize a debt claim as equity. The Court’s decision to grant cert in this case should resolve a circuit split and clarify the law as it relates to re-characterizing corporate debt as equity. Read More ›

Two years have passed since the United States Supreme Court passed down a 5-4 decision in Obergefell v. Hodges which held that same-sex couples have a fundamental right to marry under both the Due Process and Equal Protection Clauses of the Fourteenth Amendment. Read More ›

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

Debt settlement a bad alternative to bankruptcy
By Liz Weston NerdWallet.com, Aug 30, 2017 (a summary from South Bend Tribune)

Debt settlement a bad alternative to bankruptcy
By Liz Weston NerdWallet.com, Aug 30, 2017 (a summary from South Bend Tribune)
Many people believe that hiring a company to settle their debts is better on their credit, will cost them less in the long run and will generally be better than a bankruptcy.  This is what the debt settlement industry would like you to believe.  The following are some clips from an article by Ms. Weston which details the real cost of debt settlement.

“This is What Happens to Student Loans When You Die”.

The following is a summary of USA Today article.

“This is What Happens to Student Loans When You Die”.

The following is a summary of USA Today article.

Wells Fargo in trouble again.

Wells Fargo in trouble again.

CFPB Knocks Out Another Scam Yesterday, the Consumer Finance Protection Bureau put another credit repair outfit out of business. This was National Credit Advisors.  These folks claimed that you can use them to “free yourself from bad credit.” According to the Consumer Finance Protection Bureau, they collected $20 million from 50,000 consumers over a three […]