HoustonBankruptcyAttorney

I was sitting with a client in my Houston law office the other day, finishing up a Chapter 7 bankruptcy signing appointment with a woman.

It’s a lot of paperwork, about 40 pages of financial information about her, and the review and signing of all the bankruptcy documents takes about two hours. As we go through it, I tried to make her feel better by saying, “this is a lot of paperwork, isn’t it?”

Fannie Mae today announced plans to bar you from getting a mortgage for seven years, if you walked away away from a house (let it foreclose) when you had the capacity to pay or did not complete a workout alternative in good faith.