Here’s the usual situation: Someone falls behind on their car payments, and then the car is repo’d at a time when the person had several personal belonging in the car. How do you get the stuff back? My advice is to see if the car purchase contract or other agreement requires the lien-holder to provide […]
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 […]
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 […]
DON’T GET A HOME EQUITY LOAN TO PAY BILLS! You Can’t Borrow Your Way Out Of Debt. And, Your Home Is Not An ATM Machine. Every month I see people losing their home to foreclosure because they’re having trouble paying for their home equity that they got just to pay bills. The worst part about […]
The bankruptcy court requires cases to be filed online, so it is a quick process. Getting ready to file is where most of the work is done. We First Determine What’s Right For You That’s right – “we” not “me.” Together, we’ll go over your income, expenses and your debts. We’ll look at all your […]
How bankruptcy affects your credit is one of the most common concerns of people considering bankruptcy. Let’s set the stage for looking at this issue: Any reported event that occurs pertaining to how you have paid your debts will show up on your credit report. An event remains on your credit report for 7 years, […]
Midland Funding is a debt buyer that buys old credit card debt for a few pennies on the dollar, then files thousands of collection lawsuits in Texas each year. If Midland Funding wins their case against you, they get a judgment, which they can use to garnish your bank account. If you have been sued […]
San Antonio Bankruptcy Lawyer Offering Assistance According to news reports, national student loan debt has surpassed the $1 trillion mark. More and more individuals find themselves with student loan payments that amount to hundreds or even more than $1,000 each month. Many students have graduated from college with sky-high education tabs only to be thrown […]
I get lots of inquiries from people that have their student loans in deferment status. They’re all asking the same thing: What do I do when my student loans come due? My answer is the same for most of them: Find a way to pay them, because for most people, student loan debt is non-dischargeable […]
The Consumer Financial Protection Bureau (CFPB) and the US Dept. of Education issued a report on Friday that recommends that Congress change the bankruptcy law to include bankruptcy relief from private student loans. The 2005 change in bankruptcy law made private student loans non-dischargeable in bankruptcy, which simply means that they survive bankruptcy in most […]
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…
