A reaffirmation agreement is an agreement between a debtor and a creditor in a Chapter 7bankruptcy case which allows a specific secured debt to survive the bankruptcy discharge. The reason a debtor may want to enter into this type of agreement is because they wish to keep collateral that is securing the debt. In Chapter […]
Archives for August 2016
DALLAS TEXAS BANKRUPTCY: REPAYING LOANS TO FAMILY MEMBERS
Dallas Texas Bankruptcy: One of the more unfortunate results of filing bankruptcy occurs when a debtor has made payments to a family member to repay a debt prior to filing bankruptcy. Section 547 allows the Trustee to avoid any transfer of an interest of the debtor in property made within 90 days before the filing […]
DEAR BANKRUPTCY PROCRASTINATOR,
I understand what it means to be a procrastinator. I have been one most of life. My mother will tell you I was late being born. My wife could share with you how we dated for six years before I asked her to marry me. I like to think of myself as a reformed procrastinator. […]
Debt Settlement Companies – Beware!!!!
Debt Settlement Companies-Beware!!! I meet with many people who fall victim to the debt settlement company scam. For those of you who aren’t that familiar with what debt settlement companies do, I’ll explain, but I think it’s helpful to have some background first. Dealing with debt and creditors is a very stressful process. People who […]
Denton Bankruptcy Attorney: INACCURATE CREDIT REPORT
Denton Bankruptcy Attorney: Three out of four credit reports contain inaccurate information. These errors include mistakes regarding missed payments, incorrect balances on accounts, and even statements that you owe money to a creditor when you don’t. In order to remove these mistakes from your credit report, first you need to know that they exist. A […]