Resources to Help You Master Your Money

Student Loans

Hardship Discharge of Student Loans

BANKRUPTCY AND STUDENT LOANS Under the United States Bankruptcy Code Section 523(a)(8), student loans are generally non-dischargeable in a bankruptcy.  The exception to non-dischargeability of the defined student loans under the Code arises where the exception from...

Motor Vehicles

Negative Equity in Motor Vehicles

MOTOR VEHICLE NEGATIVE EQUITY AND BANKRUPTCY Oftentimes when a person purchases a vehicle from a dealer they trade a vehicle for the purchase of the "new" one that has a debt owed against it.  If the debt owed on the traded vehicle is greater than what the dealer...

Foreclosure

Facing a Foreclosure on Your Home

For a mortgage company to properly foreclose on a homestead in Texas there is generally a two-step process.  First, once the mortgagee determines you are in default they will send you what is commonly known as a "Notice of Default and Intent to Accelerate."  This...

Debt

Rogue Collectors on Payday Loans

By Mike Wallace, Bankruptcy Attorney, serving clients in all of East Texas, including Lufkin, Nacogdoches, Palestine and Jacksonville Many clients come to me for bankruptcy services because they have acquired one or more of the predatory "payday loans" that have an...

Real Estate

Reaffirmation Agreements on Real Estate

By Mike Wallace, Bankruptcy Attorney, serving clients in all of East Texas, including Lufkin, Nacogdoches, Palestine and Jacksonville I have previously written about reaffirmation agreements on vehicles and the importance thereof, but in that discussion I did not...

Basics of a Chapter 13 Bankruptcy Filing
Chapter 13

Basics of a Chapter 13 Bankruptcy Filing

By Mike Wallace, Bankruptcy Attorney, serving clients in all of East Texas, including Lufkin, Nacogdoches, Palestine, Jacksonville, Tyler and other surrounding communities I am asked the question so often: "How does a Chapter 13 bankruptcy work?", I thought I would...

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