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 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 […]
DEAR BANKRUPTCY PROCRASTINATOR,
I understand what it means to be a procrastinator. I have been one most of life. My mother will tell you I was late being born. My wife could share with you how we dated for six years before I asked her to marry me. I like to think of myself as a reformed procrastinator. […]