Many people file for bankruptcy, even famous people who have earned millions of dollars through television, film, or winning the lottery. Often, the financial woes of the affluent are exacerbated because they are more in debt than the average person. Here are 5 famous...
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Bankruptcy and Social Security
Can a Bankruptcy Trustee Take My Social Security? When you file a petition for bankruptcy, you are asking for court-ordered protection from your creditors. A court-appointed trustee will take any assets the law does not exempt from seizure. These assets, which can...
What is Debt Consolidation?
Many people in Texas struggle with debt. If you are having difficulties paying your bills, you're not alone. There are many options to help you get back on your feet financially, and a bankruptcy attorney can help you determine which is the right fit for your...
The Myth of the “Judgment-Proof” Debtor
Debtors often believe that because they own no real property that creditors have little or no recourse against them. That is simply not the case. Even if a debtor has no real property to attach a judgment, the consequences of not dealing with debts and poor credit can...
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