Resources to Help You Master Your Money
Life After Bankruptcy and Taking a Biblical Worldview
LIFE AFTER BANKRUPTCY I frequently tell clients that have filed for Chapter 13 or Chapter 7 bankruptcy protection that there is life after bankruptcy. Contrary to the misconception that bankruptcy ruins you for life, I often see clients in better financial...
Retaining or Keeping Credit Cards when Filing for Bankruptcy
By Mike Wallace, Bankruptcy Attorney, serving clients in all of East Texas, including Lufkin, Nacogdoches, Palestine, Jacksonville and other surrounding communities One of the most frequent questions I get from clients wanting to file for bankruptcy protection is...
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...
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...
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...
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...
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...
Financial Distress and Chapter 7 Bankruptcy
By Mike Wallace, Bankruptcy Attorney, serving clients in all of East Texas, including Lufkin, Nacogdoches, Palestine, Jacksonville and other surrounding communities Chapter 7 bankruptcy, sometimes called liquidation bankruptcy, is generally intended for those...
Financial Distress Paying Unsecured Creditors to the Detriment of Living Expenses
PUTTING YOUR FINANCIAL STABILITY AT RISK Some individuals who have accumulated a significant amount of unsecured debt in relation to their income, are putting their financial stability at risk by paying these unsecured debts to the detriment of their living...
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...