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Credit Card Lawsuit Defenses

10/10/11

So you have been sued and are wondering what to do next.  The first thing aside from having a lawyer review the Complaint is to carefully read everything yourself and determine how long you have to file an Answer at the Courthouse to avoid a default judgment.  Most credit card lawsuits end in default judgment [...]

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Why Nevada Bankruptcy Attorneys Ushering Clients Towards Chapter 13 only?

10/09/11

A disturbing pattern has seen by our law office where we had repetitively met clients who were only told about Chapter 13, and never was informed about their qualification under a Chapter 7 liquidation. They client’s income was seen and was told by a paralegal that they do not meet income qualifications and only capable [...]

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When You Hire An Illinois Bankruptcy Lawyer, How Long Will The Case Take?

10/07/11

A Chapter 7 bankruptcy case can last anywhere from three and a half to five months.  It is really going to depend upon the nature of your Chapter 7 case, whether or not the trustee is extending the time to object, whether or not it’s being put over for amendments, and whether or not the [...]

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Think Twice About Payday Loans

10/07/11

As a Dallas bankruptcy attorney, I warn my clients to think twice about payday loans. Not only do they carry poor interest rates that will cost you much more in the end, if you default on the loan you could end up in serious financial trouble. The Secured Debt Trap Most people don’t realize the [...]

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Keeping Your Belongings in Bankruptcy

10/06/11

A common misunderstanding when a person files for bankruptcy is that they lose all their belongings. This is not true. A person filing bankruptcy is entitled to keep their belongings that are necessary for everyday living. This can include furniture, clothing, appliances, a car and other property. What belongings, or property, a person is entitled [...]

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Freshening Your Financial Goals

10/05/11

As a bankruptcy attorney in Dallas, my clients always want to know how to get a start fresh after their bankruptcy. I tell them the same 4 goals that I advise everyone to follow at the start of a new year. As the end of the year is approaches one thing should be on everyone’s [...]

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Right to convert from chapter 13 to chapter 7

10/03/11

In a recent case decided by the 9th circuit (In re Defrantz), the court ruled that the debtor has an absolute right to convert his chapter 13 case to a chapter 7 case. The creditor argued that the court should have considered the creditor’s motion to dismiss before converting the case and that the right [...]

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Life After A Bankruptcy Discharge

10/03/11

If you have recently sought bankruptcy protection, you might be wondering, what now? Or maybe you are considering filing for bankruptcy and wonder what happens after your debts are discharged. As a bankruptcy attorney in Dallas, I teach my clients that there are three main factors of importance after a bankruptcy discharge. Your Debts A [...]

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Chapter 13 Plan Payments

10/03/11

Now you may not have a lot of available money outside of that Chapter 13 payment that you can take home, but that is the price you pay when you enter into a Chapter 13 repayment plan.  All of your disposable income, not including your necessary expenses, but all of your disposable income must go [...]

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Credit Card Charges, Installment Loans & Medical Bills Cause Bankruptcies to Soar

10/03/11

It’s a nasty habit. Even an addiction. It costs a fortune. And it’s causing bankruptcies to skyrocket. What is it? Buying things on credit, aka buying things “on time.” Here’s what often happens. (Does the following sound familiar?) You start charging things to your credit card. Month after month, the amount you owe increases. Your [...]

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