BANKRUPTCY NEWS & OPINION

By , 08/06/2013

This is a very common question, with a very easy answer: it doesn’t. That’s not the end of the story as two other issues can pop up depending on when the bankruptcy is filed, whether you get a refund, and whether you get a 1099 for debt forgiveness.


If you file your income taxes prior to the filing of a bankruptcy and (1) you are due a refund but (2) you have not yet received the refund, it’s important to make your lawyer aware of your right to receive the refund. In many instances, you can protect...

By , 15/04/2013

This is the first in a series of joint articles by Adam Schachter (Houston Bankruptcy Lawyer) and David Bueno Martin (Counselor in Houston).


Adam: I think financial stress could cause illness. Most forms of stress have a negative impact on the psyche and the body. Financial stress is more insidious than other types of stress for a couple of reasons that we outline below.



David: When people...

By , 09/04/2013

The 'Do's'

1. Stay in regular communication with the creditor or collector.

2. Take detailed notes of everything you do regarding trying to settle, especially notes of phone calls.

3. Mail everything via certified mail, return receipt requested, and keep the green card receipt.

4. Become acquainted with your rights under the Texas and Federal...

By , 09/04/2013

In the world of the financially distressed, a lot of terms get thrown around that may mean different things depending on who is using the term. Those terms are debt settlement, debt negotiation, debt consolidation and credit counseling.


Unfortunately, there is no universally accepted definition for any of those terms. When seeking a professional to help you get out of debt, be careful when you throw these terms around. What matters is what that professional intends to do for you and how he or she intends...

By , 09/04/2013

We love what we do for a living, otherwise we would not be doing it. There is a great joy in providing a relief of stress and a bit of hope to those struggling financially. Had we won the birth lottery and were given unlimited millions by our parents, we would absolutely do this work for free. Like many of our clients, however, we work hard to try to make a living and therefore must charge for our time. We usually charge a flat fee for debt settlements, regardless of the amount owed. That fee ranges from...

By , 12/03/2013



Nearly every day we either see or hear an advertisement related to consumer debts. Lawyer advertising is regulated by the State Bar of Texas, so the following discussion has nothing to do with lawyer ads, as all the ones I’ve seen and heard comply with the rules.



Every day we hear these ads and we hear flat out lies. “Bah,” you may be thinking, “he’s getting all lawyer on us. No way these companies are lying on TV or the radio, what about the truth in advertising laws?” ...

By , 12/02/2013

Introduction

As Bankruptcy Lawyers in Houston we have ample experience providing our clients with effective debt relief strategies that work. This is the second in a series of articles we are providing to help people remove their debt burdens; see our first article How To Get ut of Debt: A Texas Debt Settlement Primer...

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