There used to be a certain level of embarrassment associated with filing for bankruptcy. However, the subject is no longer taboo, and many individuals and businesses are seeing it as a viable solution for eradicating insurmountable debt. And although declaring bankruptcy can be the appropriate way to remove oneself from…
When To Consider Filing Bankruptcy Filing bankruptcy can be a complicated and overwhelming undertaking. Qualified legal representation is recommended to ensure the proper protocols are adhered to and that bankruptcy is filed in the most efficient way possible for the unique individual’s circumstances. There are several different types of bankruptcy,…
It’s the objective of anybody who files for bankruptcy to get out from under crushing debt. It should also be the objective of that debtor to legally protect assets that he or she has from being seized and liquidated for the benefit of creditors. What many debtors don’t know is…
Having your home foreclosed upon can be a very scary process. But if you would like to keep your home or delay the process, filing for bankruptcy may help your situation. First of all, a foreclosure takes place after a person has fallen behind on mortgage payments. In most cases,…
Can Taxes Can be Added to Your Bankruptcy? Bankruptcy seems like credit death, yet you somehow are given relief and the freedom to start over. Whether you decide to file a chapter 7 or a chapter 13 can mean everything in what you can keep and what you must liquidate….
Individuals that find themselves underwater financially to the point of considering bankruptcy have a number of pertinent issues to address. One of these issues is the impact a bankruptcy will have on tax returns and tax filing statuses. The manner in which an individual must approach the filing of taxes…
Going through a personal bankruptcy can be a very stressful experience. When you are going through a bankruptcy, one of the biggest concerns will be what will happen to your assets, liabilities, and future financial well-being. One of the first decisions that you will have to make when you are…
If you are considering filing bankruptcy, the odds are that you are exhausted with debt and bill collectors. Our office can help you with your bankruptcy by helping you determine which chapter is best for you to file and then completing the necessary casework involved with the bankruptcy case. The…
Thousands of Americans will file for bankruptcy this year. Facing economic hardships due to unemployment, illness, or a number of other reasons, they will file for Chapter 7 in court as a means of protecting their assets. The Law Offices of David Kohm can provide assistance to anyone considering Chapter 7 protection. But what is […]
Bankruptcy is a financial nightmare that plagues many home and business owners across Texas and the United States. The state of the economy has made it hard for people to afford the things they were once able to afford, including mortgage payments, credit card bills, and medical expenses. Chapter 7 bankruptcy is an option for people who […]
