Dallas Bankruptcy: How long will it stay on my credit report? It depends on what Chapter you file under. Chapter 13 bankruptcy cases will stay on a credit report for seven years from the date the case is filed. Most Chapter 13 bankruptcy cases last five years, so after the case is completed the bankruptcy […]
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 7 BANKRUPTCY: WHEN IS A DEBT REAFFIRMED?
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 […]