Lien Avoidance in Chapter 7 Bankruptcy

Contrary to popular belief, you may actually be able to activate lien avoidance in chapter 7 bankruptcy. Going into the process of bankruptcy does not mean that you will be held responsible for or be able to jettison any debt in particular. The amount of leverage that you have throughout the chapter 7 process will […]

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Non-Dischargeable Debts in Bankruptcy

Making the decision to file for bankruptcy protection is difficult. Sometimes debts and financial obligations become so overwhelming that filing bankruptcy is seriously considered. The primary benefit of filing bankruptcy – Chapter 7 and Chapter 13 – is the fresh start that comes as a result of the discharge of debts. When debts are discharged, […]

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The Long-Term Effects of Filing Bankruptcy

Bankruptcy is definitely a highly advertised solution to financial problems, but it is far from the only one. Also, there are many negative long-term effects of filing bankruptcy that other financial solutions will keep you away from. Here are a few of the reasons that you may want to consider an alternative solution:   It […]

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Bankruptcy Lawyer Fees and Costs

Overview Bankruptcy is one of the most difficult financial decisions that anyone will have to make in their lifetime. Not only are there financial consequences of filing for bankruptcy but there are emotional ones as well. Many times, people feel guilt or shame for many years after filing for bankruptcy even if it was a […]

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Will Bankruptcy Affect My Credit?

It is a sad reality to imagine that anyone can become just one paycheck away from a financial disaster. Whether it be employment loss, a major life emergency, a medical catastrophe, or poor financial responsibility, no person is immune to the risks of losing everything if a life-changing mishap inevitably kicks in. If you find […]

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What You Should Know About Bankruptcy and Taxes

Bankruptcy is a legal status of an organization or a person who is unable to repay his or her depth that they may owe other creditors. In various jurisdictions, a court will impose bankruptcy order. When it comes to filing your taxes, you should make sure that there are some few things you take care […]

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Getting Auto Loan is Possible Even While in Bankruptcy

You may think that applying for an auto loan while in bankruptcy is an impossible task. However, many people are able to get into a new vehicle; you just have to know how to work the system. You need the right people on your side. You must also understand what bankruptcy truly is and how […]

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Bankruptcy Lawyer Fees and Costs

Overview Bankruptcy is one of the most difficult financial decisions that anyone will have to make in their lifetime. Not only are there financial consequences of filing for bankruptcy but there are emotional ones as well. Many times, people feel guilt or shame for many years after filing for bankruptcy even if it was a […]

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Qualifying for Bankruptcy: What is the Means Test?

Consumer debt is something that affects many people in the United States, and Texas is no exception. In fact, one in five Americans has an issue with debt hardship of some kind. Bankruptcy is a solution to which others look for relief from debt. Bankruptcy is a legal classification that a person cannot repay his […]

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What Type of Bankruptcy is Best For Business Debt?

We here at Shaw Defense understand that building a successful business is exceedingly difficult in today’s economic climate. Despite the fact that it’s entirely possible to make all the right moves and offer a product or service that customers actually want, one wrong business decision could turn your once successful business upside down. It can […]

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