Nobody wants to file bankruptcy unless it is their last option. In my office, I have every client sign a paper indicating that they believe that bankruptcy is their last option. Below are some ways to handle debt problems that do not involve bankruptcy. Whenever you look at your options, be sure you look at […]
Nobody wants to file bankruptcy unless it is their last option. In my office, I have every client sign a paper indicating that they believe that bankruptcy is their last option. Whenever you look at your options, be sure you look at all of your options, including ones you don’t think you’d like, then pick […]
Nobody wants to file bankruptcy unless it is their last option. In my office, I have every client sign a paper indicating that they believe that bankruptcy is their last option. Whenever you look at your options, be sure you look at all of your options, including ones you don’t think you’d like, then pick […]
On May 18, 2015, the US Supreme Court decided Harris v. Viegelahn, No. 14-400. Here is a copy of the opinion: www.supremecourt.gov The issue was whether the debtor was entitled to a refund of money held by the Trustee at the time a Chapter 13 case is converted to a Chapter 7 case. The Supreme […]
Nobody wants to file bankruptcy unless it is their last option. In my office, I have every client sign a paper indicating that they believe that bankruptcy is their last option. Whenever you look at your options, be sure you look at all of your options, including ones you don’t think you’d like, then pick […]
This is a very common question, and in 99% of cases, my clients only have to go to a proceeding called the §341 Meeting Of Creditors, which I call the “meeting with the Trustee.” The meeting is conducted by the trustee assigned to your case, and I will be present with you at the meeting. […]
A Client’s Story I had an Initial Consultation with an older person that was having trouble paying for his home equity loan. Why? Because his health and income changed over the life of the home equity loan. In order to make ends meet and stay in his house, he is having get his sons to […]
Nobody wants to file bankruptcy unless it is their last option. In my office, I have every client sign a paper indicating that they believe that bankruptcy is their last option. Whenever you look at your options, be sure you look at all of your options, including ones you don’t think you’d like, then pick […]
Once you have been served with a credit card lawsuit, you typically have five options to choose from: Do Nothing. I had lunch with a County Court at Law judge who told me that about 95% of the credit card lawsuits filed in his court are won by the debt collector because the person being […]
Portfolio Recovery is a debt buyer that files thousands of collection lawsuits in Texas each year. They sue on old credit card debt that they bought for as low as 4 cents on the dollar! How can you win if you owe the money? Like many large debt buyers, Portfolio Recovery Associates probably does not […]
Here’s the “Easy” button: For the typical person that I see in a debt consultation, the determining factors for qualification for a Chapter 7 bankruptcy are the person’s income and expenses. Keep in mind, it’s like looking at an elephant…
One factor in determining if you qualify for Chapter 7 is to compare your previous six months of income to median income for people in Texas, based on the household size. Although you can be above median income and still…
Most people that file bankruptcy file under Chapter 7, which is the form of bankruptcy where there is no monthly payment to a trustee. Chapter 7 has numerous advantages over Chapter 13. Here are the key advantages: Chapter 7 Bankruptcy…
