BANKRUPTCY NEWS & OPINION

Monday, February 6, 2012 - 08:06

Bankruptcy Class

Survival After Financial Distress. Pre-bankruptcy planning, how to choose a bankruptcy lawyer, and how to land on your feet when the process is over.



Location: Spring Branch Police Department
Date: Monday Feb 20
Time: 6:30-8:45 PM
Tuition: Free
Registration: Fee $15 or $20
More info: http://bit.ly/y1aEhO...

Monday, January 23, 2012 - 10:19

This is a collaboration between me, Adam Schachter, a bankruptcy attorney in Houston Texas, and Michael Plaks, a specialist in IRS Audits in Houston Texas.


Home Foreclosure Legal Questions


1. Can I transfer my home to a friend or family member to avoid foreclosure?

No. The lender has a contract with you that imposes obligations on you and gives the lender an interest in the property. If the...

Tuesday, January 10, 2012 - 18:31

One of the most common concerns of people considering bankruptcy is the effect that it has on their credit. I am going to write a series of articles that dive more deeply into each of the general concepts I present here.


In our opinion, there are three very important concepts people must focus on when considering the impact of a bankruptcy filing on their credit. The frightened and stressed brain usually jumps to only one concept or thought and stays there. The brain screams, “I’LL...

Friday, January 6, 2012 - 10:43

Technically, everyone qualifies to file bankruptcy. What people really want to know when they ask that question is 'can I successfully file for bankruptcy?'. First you need to figure out why you think you need to file in the first place. Are you overwhelmed by credit debt? Behind on a house or a car? Is the goal simply to wipe out overwhelming debt or to save that car or house from repossession or foreclosure? Once you have the answers to those questions you can then start the analysis of which bankruptcy makes sense for...

Monday, December 19, 2011 - 22:26

Almost every client asks:  what happens if I leave off a creditor?

As with nearly every legal question, the answer is “it depends.”  If you file chapter 13 bankruptcy, you are almost certainly out of luck and the debt is not going to get discharged.


If you file chapter 7 bankruptcy, and your case is in Texas, Louisiana, or Mississippi, you may be ok.  If you left off the creditor by mistake,...

Tuesday, December 13, 2011 - 16:49

Thanks to Attorney Tobias Licker in St. Charles for this guest post.

 
The Bankruptcy Abuse Prevention and Consumer Protection Act of 2005 requires all debtors to complete a credit counseling course by an approved provider within 180 days before filing for bankruptcy. Counseling is required for both Chapter 7 and Chapter 13 bankruptcy. A completion certificate must be received with your bankruptcy petition...

Tuesday, November 29, 2011 - 15:58

What is an Automatic Stay

As soon as a bankruptcy is filed, with a couple of narrow exceptions, something called the “automatic stay” goes into effect. The automatic stay is found in the bankruptcy code at 11 U.S.C. § 362(a) and it stops most collection efforts. Once a bankruptcy is filed, the automatic stay prevents repossessions and foreclosures and stops lawsuits. It ends the harassing phone calls and letters and provides an immediate sense of...

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The Schachter Law Firm, P.C.
1800 St. James Place
Suite 105
Houston, TX
77056 
(713) 961-9477

Pursuant to 11 U.S.C. Section 101 (12A) we are a Debt Relief Agency. We help people file for bankruptcy as well as resolve other debt issues. Nothing on this page, or on any page on this site, should be construed as legal advice and your use of this site does not create an attorney/client relationship. You cannot create an attorney/client relationship with us until you have met with us and signed a contract.