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BANKRUPTCY: EXEMPTION FROM THE CREDIT COUNSELING REQUIREMENT
BANKRUPTCY: EXEMPTION FROM THE CREDIT COUNSELING REQUIREMENT Debtors wishing to file bankruptcy are required to successfully complete a credit counseling course during the 180 days prior to filing...
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“I’M IN CHAPTER 13 BANKRUPTCY. WHAT HAPPENS TO MY TAX REFUND?”
“I’M IN CHAPTER 13 BANKRUPTCY. WHAT HAPPENS TO MY TAX REFUND?” “I’M IN CHAPTER 13 BANKRUPTCY. WHAT HAPPENS TO MY TAX REFUND?” The rules affecting what happens to Chapter 13 debtor’s tax refunds...
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MORTGAGE DEBT: STRATEGIC DEFAULT VERSUS BANKRUPTCY
MORTGAGE DEBT: STRATEGIC DEFAULT VERSUS BANKRUPTCY A strategic default is a property owner’s decision to stop making payments to a mortgage lender and to allow property to be foreclosed. Whether a...
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DALLAS CHAPTER 13 BANKRUPTCY ATTORNEY: WHAT IS CONFIRMATION?
DALLAS CHAPTER 13 BANKRUPTCY ATTORNEY: WHAT IS CONFIRMATION? DALLAS CHAPTER 13 BANKRUPTCY ATTORNEY: Debtors in Chapter 13 bankruptcy file a repayment plan with the Court that states which creditors...
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DALLAS BANKRUPTCY LAWYER: TEXAS HOMESTEAD EXEMPTION
DALLAS BANKRUPTCY LAWYER: TEXAS HOMESTEAD EXEMPTION A homestead exemption is a statute that protects a debtor’s home from being seized by creditors. Every state has a homestead exemption of some sort,...
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DALLAS BANKRUPTCY LAWYER: TEXAS HOMESTEAD EXEMPTION
A homestead exemption is a statute that protects a debtor’s home from being seized by creditors. Every state has a homestead exemption of some sort, but Texas has a very generous homestead exemption....
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Dallas Bankruptcy Attorney: CAN MY WAGES BE GARNISHED IN TEXAS?
Dallas Bankruptcy Attorney: CAN MY WAGES BE GARNISHED IN TEXAS? The short answer to this question is “No.” Your wages cannot be garnished in Texas. But as anyone who practices law or has had...
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CHAPTER 13 BANKRUPTCY: WHEN IS MY FIRST PAYMENT DUE?
Under the Bankruptcy Code, your first payment is due “not later than 30 days after the date of the filing of the plan or the order for relief.” 11 U.S.C. § 1326(a)(1). This means that once a case is...
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Beware the Creditor Offering to Settle Your Debt!
I talk to people everyday that tell me that a creditor has offered to settle their debt for less than what they owe. unfortunately these creditors rarely tell the whole truth about how much settling...
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BEFORE GETTING MARRIED YOU MAY WANT TO CONSULT A BANKRUPTCY ATTORNEY
Marriage can offer many financial benefits, including tax advantages, two incomes, and someone to share expenses. Unfortunately, getting married can cost you a great deal if you need to file...
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BANKRUPTCY: YOUR CREDIT REPORT AFTER DISCHARGE
You filed bankruptcy. You filled out all the paperwork and met with your attorney. You attended a meeting with a trustee and eventually received a discharge. Now what? Well, the good news is that...
View ArticleBANKRUPTCY: WHAT IS A 341 MEETING?
A 341 meeting, also known as a creditor’s meeting, is presided over by the United States Trustee, and allows creditors and the trustee an opportunity to question debtors about the schedules and...
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BANKRUPTCY: EXEMPTION FROM THE CREDIT COUNSELING REQUIREMENT
Debtors wishing to file bankruptcy are required to successfully complete a credit counseling course during the 180 days prior to filing bankruptcy. However, debtors that can show that they are...
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BANKRUPTCY:DISCLOSE YOUR CAUSE OF ACTION OR LOSE YOUR RIGHT TO SUE
When a person files bankruptcy, they are required to list all of their assets in their bankruptcy schedules. In bankruptcy, an asset is anything you own, but it also includes anything you may acquire...
View Article“I’M IN CHAPTER 13 BANKRUPTCY. WHAT HAPPENS TO MY TAX REFUND?”
The rules affecting what happens to Chapter 13 debtor’s tax refunds while they are in bankruptcy differ depending on where the case is filed. These rules are generally set out in the local rules of...
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Will I lose my Coronavirus Rebate if I file bankruptcy?
When Congress passed the Coronavirus Aid, Relief, and Economic Security (CARES) Act on March 28, 2020, nearly everyone had questions about what the act contained. For bankruptcy professionals, there...
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