A strategic default is a property owner’s decision to stop making payments to a mortgage lender and to allow property to be foreclosed. Whether a strategic default is a good idea depends on the property owner’s specific situation and the state in which the property is located. Each state has its own set of rules […]
NORTH TEXAS BANKRUPTCY: WHAT HAPPENS TO MY TAX REFUND?
Tax refunds are treated differently depending on whether you file Chapter 7 or Chapter 13 bankruptcy. In a Chapter 7 case, if a debtor files a tax return before filing bankruptcy but receives a refund after their bankruptcy case is filed, they may have to turn the refund over to the bankruptcy trustee so that […]
OBJECTION/MOTION TO DISMISS IN YOUR CHAPTER 13 BANKRUPTCY CASE?
Texas Bankruptcy: A couple times a month I get a phone call or email from a client in distress because they received a copy of an objection to confirmation or a motion to dismiss their bankruptcy case. I have mixed feelings about these types of phone calls and emails. I am slightly frustrated, because during […]
REAFFIRMATION OF SECURED LOANS
Chapter 7 bankruptcy is a great way of getting rid of debt. Debtors who successfully complete this type of bankruptcy case receive a discharge order which permanently shields them from liability for the debts discharged in their bankruptcy case. Debts that are discharged in Chapter 7 bankruptcy include credit cards, personal loans, pay day advance […]
TEXAS BANKRUPTCY ATTORNEY: BANKRUPTCY MYTHS
TEXAS BANKRUPTCY ATTORNEY: BANKRUPTCY MYTHS: There is a lot of content on the internet about bankruptcy. From my regular internet searches on the subject, I estimate that ten percent of bankruptcy content is posted by bankruptcy attorneys who usually know what they are talking about. The rest of the information on the internet is confusing, […]