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12 Dec, 2013
Reaves & Lee

Benefits and Drawbacks of Chapter 7

Chapter 7 Dallas bankruptcy is a powerful tool in the fight against debt. Many debtors have been able to use Chapter 7 to get a new start on their financial lives, relieving themselves of the burden of huge debt and starting...

10 Dec, 2013
Reaves & Lee

Short Sale Tax Law Will Expire

The 2007 tax law enacted by the IRS that prohibits treating short sale debt forgiveness as taxable income is set to expire, according to a foreclosure lawyer. This same law was set to expire at this time last year, but...

9 Dec, 2013
Reaves & Lee

Chapter 11 for Electric Car Manufacturer

An automobile manufacturer that had made waves with its promising electric sports car has declared Chapter 11 bankruptcy. The company had high hopes for its electric sports car, but the car failed all performance tests...

6 Dec, 2013
Reaves & Lee

Bankruptcy Review For December 6, 2013

This week in bankruptcy news: After eliminating near $1.4 billion in debt in Chapter 9, Alabama County is looking forward to an improved financial year; meanwhile, Detroit’s bankruptcy proceedings are heading down a...