Dallas Bankruptcy Attorney: When I prepare bankruptcy documents, I stress to my clients that they need to be accurate. In fact, lying on bankruptcy documents carries a maximum potential penalty of five years in prison and a fine of up to $250,000. The area where bankruptcy fraud is most common is in preparation of the […]
Dallas Bankruptcy Attorney: CAN MY WAGES BE GARNISHED IN TEXAS?
Dallas Bankruptcy Attorney: CAN MY WAGES BE GARNISHED IN TEXAS? The short answer to this question is “No.” Your wages cannot be garnished in Texas. But as anyone who practices law or has had experience with the legal system can tell you, there are generally exceptions to the rule. Under Texas law, wage garnishment is […]
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 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 […]
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 […]