BANKRUPTCY NEWS & OPINION

By , 10/12/2014

The Schachter Law Firm is pleased to announce that we have been purchased by Kemsley Law Firm, PLLC. Attorneys Rod Kemsley and Adam Schachter will be joining forces to enable us to bring even greater levels of experience and value to our clients. We look forward to continuing to grow and flourish in the future and provide a depth of service and support beyond that which is possible as sole practitioners.

The new practice will operate under the name - Kemsley Law Firm, PLLC but will continue to specialize in bankruptcy cases in...

By , 23/04/2014

- The Judicial Conference has approved the following fee increases effective as of June 1, 2014.


- Fees for filing a chapter 7 case will increase from $306.00 to $335.00.


- Fees for filing a chapter 13 case will increase from $281.00 to $310.00


- Fees for filing an adversary proceeding will increase to $350.00 (Debtors are not charged filing fees for adversary proceedings).


- Fees for filing a Chapter 11 case will increase to $1,717.00.

...

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...

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