The Wright Firm, LLP Bankruptcy

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TEXAS BANKRUPTCY LAWYER: DOWNWARD TREND IN FORECLOSURES ?

TEXAS BANKRUPTCY LAWYER: DOWNWARD TREND IN FORECLOSURES NOT NECESSARILY A SIGN OF ECONOMIC RECOVERY I recently read an article in the San Antonio Business Journal by Tricia Lynn Silva regarding the downward trend in foreclosures.  Her article says in part:   “As of Nov. 30 2011, a total of 10,124 foreclosure notices had been filed [...]

WAITING TO FILE CHAPTER 13 BANKRUPTCY COULD COST YOU!

Most of the time, when a client comes into my office to talk about filing bankruptcy, they have urgency to file.  We can usually point to a single event that has caused them to seek out legal advice.  Perhaps they received notice of a foreclosure sale, their car has been repossessed, or creditors are hounding [...]

Foreclosures Top One Million in 2010

From the American Bankruptcy Institute’s Website: Home Foreclosures in 2010 Top 1 Million for First Time Banks seized more than a million U.S. homes in one year for the first time last year, despite a slowdown in the last few months as questions around foreclosure processing arose, Reuters reported today. Banks foreclosed on 69,847 properties [...]

Cities Filing Bankruptcy

The CEO of JP Morgan has recently stated that municipality bankruptcies (cities filing bankrutpcy) are on a rise. This is yet another effect of the recession – with income on the decline and foreclosures on the rise, cities are losing precious tax revenue and having to cut necessary services. Analysts are looking to these cities [...]

Pros and Cons of Filing for Bankruptcy

A personal bankruptcy filing can help you get a fresh start, putting an end to the non-stop phone calls, letters and legal actions you face. There are consequences to filing for bankruptcy, though. Before submitting a Chapter 7 or Chapter 13 petition, you want to consider all the advantages and disadvantages, so that you make [...]

Strategic Foreclosures – Is It Better To Save Your Home Or Walk Away?

STRATEGIC FORECLOSURES – IS IT BETTER TO SAVE YOUR HOME OR WALK AWAY? By: Lauren Timmerman, Esq. The Wright Firm, L.L.P. June 30, 2010 One of the most talked about topics in the area of mortgage default is the issue of “strategic defaults”. A strategic default occurs when a homeowner is able to pay his/her [...]