Lewisville Bankruptcy Attorney: There is a common misconception amongst debtors that once a debt has been charged off by a creditor the creditor can no longer attempt to collect the debt. Charged off debts are still collectible, and may be so for years after the debt was charged off. The IRS allows creditors to charge […]
Lewisville Texas Bankruptcy Attorney: LEGISLATION PROTECTS COLLEGE STUDENTS FROM PREDATORY LENDING
Lewisville Texas Bankruptcy Attorney: LEGISLATION PROTECTS COLLEGE STUDENTS FROM PREDATORY LENDING When I went to college, students didn’t just get degree. They also accumulated huge amounts of credit card debt. Anyone who has attended college during the last ten years can tell you that credit card applications were offered to them everywhere on campus. Credit […]
MORTGAGE DEBT: STRATEGIC DEFAULT VERSUS BANKRUPTCY
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: TEMPORARY WAIVER OF CREDIT COUNSELING REQUIREMENT
Before a debtor can file bankruptcy they must complete a prebankruptcy credit counseling course. This course must have been completed within the 180-day period prior to the filing of the bankruptcy petition. Failure to comply with the credit counseling requirement can result in an order striking the petition, which results in no bankruptcy case being […]
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, […]