I probably answer over a hundred questions for my clients each week. Unfortunately, my answers are often long, complicated or the oh-so-helpful “it depends.” Luckily, once in a while, I get a question like the one in the title of this article, and I get to give a simple, easy to understand answer. “No.” I […]
CHAPTER 7 BANKRUPTCY: NEGOTIATING A BETTER DEAL ON YOUR SECURED DEBT
The purpose of filing Chapter 7 bankruptcy is to discharge debt. However, discharging debt doesn’t remove liens on secured property, so although your liability for repaying a debt may be discharged, if you don’t continue making payments to secured creditors, they will likely enforce their lien through foreclosure or repossession. Debtors who wish to keep […]
DALLAS BANKRUPTCY ATTORNEY: DON’T FALL FOR DEBT COLLECTION SCAMS!
When you are in debt, sometimes it can be difficult to keep track of who you owe money, because creditors get bought out, change names, and turn the debt over to collection agencies or law firms. Con artists are taking advantage of this fact. Dozens of people have called Cooper’s Consumer Protection Division to report […]
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 […]
DO I HAVE TO LIST ALL OF MY CREDITORS IN BANKRUPTCY?
Debtors often ask me not to include a specific debt in their bankruptcy. In most cases the motivation behind these requests is that the debtors wish to keep a house or a car and they believe that if the debts that are secured by their property are listed in the schedules, they will lose the […]