Steven D. Goldberg's attorney filed for involuntary bankruptcy against Goldberg. The Chapter 7 petition was made on behalf of three companies, including NorAm Capital Holdings of Texas. 

Goldberg received 71 months in prison for a $3.3 investment scheme. The legal controversy allegedly convinced creditors to file claims against Goldberg. 

If you have considered filing for Chapter 7, contact the Austin bankruptcy attorneys of Slater, Kennon, & Jameson, LLP, at 512-338-1100. 

When spouses consider filing for bankruptcy, they must often decide whether they will file separately or jointly. This decision will often depend on whether the debts are separately or jointly owed. 

Under Chapter 7, if the spouses choose to file separately and one spouse is unable to pay his or her debts, then the other spouse may be forced to repay the debts. The rules for Chapter 7 are even further complicated in community property states like Texas, California, Idaho, Nevada, and New Mexico. 

If you and your spouse are considering filing under Chapter 7 bankruptcy, contact the Austin Chapter 7 bankruptcy attorneys of Slater, Kennon, & Jameson, LLP, at 512-338-1100. 

Arrow Trucking Company filed for Chapter 7 bankruptcy liquidation last week. The filing followed a fraud charge made by Transportaion Alliance Bank Inc., one of Arrow's lenders. 

According to the lender's lawsuit, the fraud charges allege that Arrow misled the lender about the company's financial condition and had not paid some taxes. The Tulsa-based flatbed carrier had been struggling financially for many months before the fraud charge and bankruptcy filing. 

If you or anyone you know is considering a Chapter 7 bankruptcy liquidation, contact the Austin Chapter 7 bankruptcy lawyers of Slater, Kennon, & Jameson, LLP, at 512-338-1100.

In 2005, the requirements for Chapter 7 bankruptcy changed due to Bankruptcy Abuse Prevention and Consumer Protection Act. This law required debtors to receive credit counseling six months before filing for bankruptcy. 

According to the statute, an individual cannot file for Chapter 7 if the househould income is greater than the state's median income. The statutue also allows filers to receive state exemptions if they have been residing in the state for more than two years. 

If you or anyone you know has considered filing for Chapter 7, contact the Austin Chapter 7 bankruptcy lawyers of Slater, Kennon, & Jameson, LLP, at 512-338-1100.

Many businesses in financial distress have the option to file for bankruptcy. This option is also afforded to consumers through Chapter 7 and Chapter 13 bankruptcy protection. 

According to government statistics, most consumers choose to file for Chapter 7. However, before filing for bankruptcy, most consumers are required to receive credit counseling from an approved agency. 

If you or anyone you know is considering filing for bankruptcy, contact the Austin bankruptcy attorneys of Slater, Kennon, & Jameson, LLP, at 512-338-1100.

Knowing how to file for bankruptcy can be confusing. Although there are six different types of bankruptcy under the Federal Bankruptcy Code, the two most common types of personal bankruptcy are Chapter 7 and Chapter 13. 

Under Chapter 7, an individual surrenders his non-exempt property to a trustee to liquidate the property and distribute the proceeds to the individual's creditors. This liquidation will cover most of the individual's debts, unless the debtor is guity of certain types of improper behavior in regard to his debt.

Under Chapter 13, the individual can retain his property but must promise to pay a portion of his income over a period of time. The payments depend on the amount of the individual's debts and income. 

If you or anyone you know is considering filing for bankruptcy, contact the Austin bankruptcy attorneys of Slater Kennon & Jameson,  LLP at 512-338-1100.