Dallas Bankruptcy Lawyer: CHAPTER 13 BANKRUPTCY- WHAT IS ADEQUATE PROTECTION? Adequate protection is a term used to describe payments made to some types of secured creditors, which protect them against depreciation of the value of their lien. For example, a creditor who has a lien attached to a car has a secured claim valued up […]
Archives for August 2016
Dallas Bankruptcy Lawyer: FORECLOSURE POSTPONED? GET IT IN WRITING!
Dallas Bankruptcy Lawyer: FORECLOSURE POSTPONED? GET IT IN WRITING! Foreclosures are on the rise, and so are loan modifications. Politicians, banks, and debt relief agencies praise the process of modifying loans as a way to help homeowners save their homes. Lately I have noticed another disturbing trend. Homeowners in danger of foreclosure are waiting to […]
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. It allows for an individual to protect their home during bankruptcy up to the maximum value of the property. There is no […]
DALLAS BANKRUPTCY: WHAT TO BRING TO YOUR FIRST APPOINTMENT
Dallas Bankruptcy: Your bankruptcy attorney will need you to provide information so that he can determine whether you should file bankruptcy, whether you are eligible to file bankruptcy, and if you are eligible which chapter will be best for you. In order to answer these questions, it is helpful if prospective bankruptcy debtors bring information […]
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 will be repaid and the terms of the repayment. The plan is reviewed by the Trustee and the creditors who may or may not file an objection to confirmation of the plan. Objections to […]