bankruptcy blog

Wage garnishment is a legal procedure that allows for a portion of your earnings to be automatically deducted to pay a debt. In some states, creditors may garnish up to 25% of your disposable income.  Disposable income is gross income minus deductions required by law, such as taxes or retirement contributions. While having a portion of your  … Read more

Yes! Not only can you get new credit, doing so after a bankruptcy may improve your credit score. If you have completed a debt discharge in bankruptcy, you should still apply for a credit card. The credit card lender will look at your income, expenses and the clean slate from negative payment history. If your income  … Read more

A moratorium is a time period of no evictions. Landlords are not allowed to evict tenants during this time. It is a temporary period of time, during which the government will do something to help reduce homelessness. What is the purpose of an eviction moratorium? The purpose of an eviction moratorium is to allow homeless  … Read more

The bankruptcy court can stop a foreclosure by granting a “stay“ order. This means that the foreclosure sale is delayed or even canceled. The stay may be granted if the debtor: (a) can prove that the lender has materially misstated its legal or contractual rights, (b) has a significant equity in the property, (c) and  … Read more

1. Filing the Bankruptcy Petition: The bankruptcy petition is a legal document that presents to the court that you want to file for bankruptcy. The bankruptcy petition contains information about your income, expenses, assets and debts. 2: The Meeting of Creditors: This meeting provides you the opportunity to tell the court and your creditors about  … Read more

In today’s times, millions are facing financial hardship and the risk of their homes and property. The COVID pandemic has caused immeasurable burdens on families all across the nation. With more people out of work and on the brink of eviction, many people are scrambling to find help. Fortunately, our Houston bankruptcy lawyer office can  … Read more

The cost of bankruptcy, like any other legal matter, depends on the complexity of your case and the time required by your attorney. Bankruptcy filing fees and the cost of the required credit counseling depend on where you live. The price of bankruptcy depends on the attorney’s hourly rate and the amount of time necessary  … Read more

The  first thing you need to do is learn about the options available to you. Bankruptcy is a serious matter. You should educate yourself as much as possible about the different types of bankruptcy. If you need help deciding which type of bankruptcy best fits your situation, you may want to talk to a Houston  … Read more

  The Bankruptcy Code allows you to discharge (eliminate) certain types of debt through a bankruptcy filing. Dischargeable debts are primarily unsecured debts (that is, debts that are not guaranteed by a specific asset, such as a car or home). In addition, some debts are not dischargeable. These include debts for alimony and child support,  … Read more

When facing financial hardship and problems with debt, matters are often made worse by creditors. Debt collection and creditors can be ruthless when it comes to collecting their money. From abusive language to repeated phone call harrassment, debt collection is not a laughing matter. Fortunately, there is important information to know that can protect you  … Read more