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Legal Articles, Bankruptcy

Eliminate Your Second Mortgage if Your House is Underwater

Debtors in a chapter 13 bankruptcy can eliminate second mortgages if their house is worth less than what is owed on their first mortgage. This is called a 'cram down' and the debtor usually only has to pay back a small percentage of what was owed over 3-5 years.

Obama Signs Directive Allowing Homeowners to Modify Mortgages While in Bankruptcy

Obama signed a directive in 2010 that allows homeowners to actively seek a loan/mortgage modification while they are in active bankruptcy.

Can Bankruptcy Help With Your Student Loans?

Bankruptcy can help with student loans but the debtor must file a lawsuit against the student loan provider while the bankruptcy is pending. The court uses a four-part test called the 'Brunner Test' to determine whether the student loans are eligible to be discharged.

Wage Garnishments and Bankruptcy

Wage garnishments can come as a sucker-punch, your attorney to fight such garnishments should come out swinging in your defense.

Houston Foreclosure Prevention

Stopping foreclosure is something best handled by a Ch. 13 bankruptcy typically, as opposed to situations that would warrant a chapter 11 filing

Dallas Bankruptcy Lawyers

Chapter 13 Cases require extra attention to detail by the attorney representing the debtor

Protecting Peace of Mind From Creditor Harassment

Creditor harassment is not something that must simply be endured

What Credit Counseling Course is Required to File Bankruptcy?

Among a number of requirements set forth by the bankruptcy code and which the trustee's office and bankruptcy court oversee and enforce is a requirement to attend a credit counseling course. Available online, over the phone, or in person, this course must be completed prior to filing.

Is bankruptcy right for me?

If you are considering filing bankruptcy, you may want to learn about the different types of bankruptcy which are available to consumers. A Ch. 11 bankruptcy is often cited, but it is a bankruptcy for businesses, as opposed to a Ch. 7 and Ch. 13 bankruptcy which is the type of consumer bankruptcy.

Should Christians File for Bankruptcy?

Should Christians file for Bankruptcy? As a Christian, I had to wrestle with this issue before deciding to take on my very first bankruptcy case back in 2004. I prayed and researched this issue and found the following scripture: Deuteronomy 15: 1-6. The Year for Canceling Debts.

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