Credit card debt has a way of getting out of control. Small balances can quickly become financial burdens when a missed or late payment results in late fees and an increase in the interest rate. One strategy for dealing with this type of problem is to refinance the debt. If you find yourself in this […]
Dallas Bankruptcy: HOW LONG WILL IT STAY ON MY CREDIT REPORT?
Dallas Bankruptcy: How long will it stay on my credit report? It depends on what Chapter you file under. Chapter 13 bankruptcy cases will stay on a credit report for seven years from the date the case is filed. Most Chapter 13 bankruptcy cases last five years, so after the case is completed the bankruptcy […]
Dallas Bankruptcy Lawyer: CHAPTER 13 – WHAT IS ADEQUATE PROTECTION?
Dallas Bankruptcy Lawyer: CHAPTER 13 BANKRUPTCY- WHAT IS ADEQUATE PROTECTION? Adequate protection is a term used to describe payments made to some types of secured creditors, which protect them against depreciation of the value of their lien. For example, a creditor who has a lien attached to a car has a secured claim valued up […]
Dallas Bankruptcy Lawyer: FORECLOSURE POSTPONED? GET IT IN WRITING!
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 […]