Debtors who are having their bank accounts or wages garnished may be able to stop garnishment by filing bankruptcy. Whether the garnishment can be stopped depends on the reason for the garnishment. Garnishments due to collection of judgments, collection of student loan debt, tax liability, and arrears due to domestic support obligations can all be […]
HOW DOES BANKRUPTCY AFFECT MY CREDIT RATING?
I’m often asked about how filing bankruptcy will affect a person’s credit rating. By itself the act of filing bankruptcy has a negative impact on a credit rating. Filing bankruptcy will negatively impact your credit report for 7 years following filing Chapter 13 bankruptcy and for 10 years in a Chapter 7 bankruptcy case. But […]
How is a Bankruptcy Case Initiated?
A bankruptcy case is initiated by filing a petition for bankruptcy in the office of the Clerk of the Bankruptcy Court. The petition lists the name, address and social security number of the debtor, states the necessary facts to show that the case has been filed in the right court, and alleges that the debtor […]
INTRODUCTION TO YOUR DALLAS BANKRUPTCY LAWYER
I am a Dallas bankruptcy lawyer. I specialize in representing debtors in consumer bankruptcy cases. I like to think that my job is to help people with their financial problems, and in general I think my clients will tell you that their lives improve dramatically when our attorney-client relationship comes to an end. In many […]
NORTH TEXAS BANKRUPTCY: WHAT HAPPENS TO MY TAX REFUND?
Tax refunds are treated differently depending on whether you file Chapter 7 or Chapter 13 bankruptcy. In a Chapter 7 case, if a debtor files a tax return before filing bankruptcy but receives a refund after their bankruptcy case is filed, they may have to turn the refund over to the bankruptcy trustee so that […]