Hiring a Bankruptcy Lawyer

Filing for Bankruptcy On Your Own: Never a Good Idea

11/14/11

One of the first things you learn in law school is: “only a fool has himself for a client”. It is hard to imagine a situation that this truism applies more to than filing bankruptcy. While individuals may represent themselves in bankruptcy court and file a bankruptcy case without an attorney or “pro-se,” it is [...]

[more]

What is a Lien strip?

11/11/11

What is a Lien strip? A Lien strip is possible only in a Chapter 13 bankruptcy and only if the fair market value of the property is less than the total amount of money due on the first mortgage. In that case a second and third mortgage if any can be stripped off the house. [...]

[more]

Why Hire A Bankruptcy Attorney?

10/26/11

Many people have been successful representing themselves in a bankruptcy case. However, as a Dallas bankruptcy attorney, I encourage everyone to be aware of some potential mistakes made by many who have represented themselves. It  is important for anyone considering bankruptcy to understand the importance of each step of the process. Filing The Case Filing [...]

[more]

Vernon Hills Bankruptcy Attorney On What’s Important In Choosing An Attorney

09/21/11

What should you look for in a bankruptcy attorney?  The first thing you should look for is an attorney that handles bankruptcy on a regular basis.  Find an attorney who has experienced many, many different types of bankruptcy cases over a series of years.  Whether it is a Chapter 7 bankruptcy or a Chapter 13 [...]

[more]

How Do I Choose A Good Bankruptcy Attorney?

09/07/11

Characteristics of a Good Bankruptcy Attorney If you’re faced with the unfortunate task of filing for bankruptcy, there’s nothing more important than having a highly qualified Arizona bankruptcy attorney by your side. Not only do reliable bankruptcy attorneys help seamlessly guide you through the process, but they can also make sure you get the full benefit [...]

[more]

Bankruptcy vs. Debt Consolidation

09/06/11

Bankruptcy Enjoys Federal Oversight Not everyone needs to or should file a bankruptcy case.  Bankruptcy is something that should be a last resort.  But when financial pressures become unbearable, bankruptcy is most likely the best option. First, bankruptcy enjoys federal oversight and protection.  Debt consolidation commercials, which try to stigmatize bankruptcy, conveniently omit the fact [...]

[more]

WARNING TO California and Florida Residents

08/14/11

If you live in California or Florida, your financial problems are probably more serious than if you lived in other states. The large number of residents in these states – combined with home values that skyrocketed and then collapsed – resulted in many people owing far more on their homes than their homes are worth. [...]

[more]

Befuddled by Student Loan Consolidation

08/03/11

It is a harsh reality of today’s post-collegiate environment – two-thirds of all students now graduate with burdensome debt that can follow for many years to come. Following a recent news story on CBS Evening News, a comment was made that a student CAN have their federal student loans discharged in a Chapter 7 bankruptcy [...]

[more]

River Grove Bankruptcy Attorney Asks Important Question First

08/01/11

The first thing that you need to ask of a potential client seeking bankruptcy advice is what do they own?  Are they homeowners?  If so, is there equity in the home?  Do they own a vehicle?  Is there equity in the vehicle?  Do they have a bank account?  Do they have a checking account?  Do [...]

[more]

Bankruptcy Discharge

07/21/11

A bankruptcy discharge is one of the most common reasons for filing for bankruptcy.  A discharge releases you from personal liability for debts that qualify under federal law.  It is a permanent order granted by a bankruptcy court.  Any debts you successfully discharge in bankruptcy will basically disappear and your creditors can never come after [...]

[more]