Herrin Law | Daniel Herrin
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Author: Daniel Herrin

We too often put our financial security off into the distant future. Someday, I will make more money and then I will start saving.  Someday, when I have more money I will start putting money aside for retirement.  Someday, when my mortgage is paid off I will be able to really invest. Someday almost never comes. As a Fort Worth bankruptcy lawyer, I have counseled over 3,000 people who have had financial setbacks in one form or...

What is an IRS Levy? An IRS Levy is a tool used by the IRS to reclaim back taxes.  It allows the IRS to freeze your wages, retirement funds or bank accounts and withdraw any available funds to pay off your debt.  The IRS does not care about the bills you have to pay or the fact that you may need to put food on the table.  Once they have their levy, they will use it...

Bankruptcy has a lot of stigmas, one of which is that bankruptcy changes the way you have to live your life. I often get asked what will I able to do after I file, is the court going to tell me what I can and cannot do with my money. This article will address what your life will be like after you file bankruptcy and what it is like after you receive your discharge. First it...

Lawsuits can be stressful and it can be ever more stressful if a creditor gets an actual judgment against you. A judgment is simply a piece of paper signed by a judge stating that a creditor (or plaintiff) has won the lawsuit and is entitled to something.  Typically, the judgment will be an award of a certain amount of money, for you which you will be responsible for. If you can avoid a judgment, that is always...

Timing can be very important to ensure that you are able to successfully navigate through the bankruptcy process. There are several reasons why waiting and filing in January 2014 could be better for you. First, we all know that Christmas costs money. There are always extra expenses for travel, purchasing gifts and holiday decorations. These are costs that can compound an already fragile financial situation. For instance, if you were filing a Chapter 13 bankruptcy and...

The Loan Modification process can be one of the most stressful experiences a homeowner can go through.  Anyone who has had experience with a loan modification can attest to the fact that the mortgage companies do not want to approve the loan modification.  They use subtle tactics to achieve this result.  For instance, in order to apply for a Loan Modification you are required to complete what is known as an RMA Packet.  In addition...

Bankruptcy hits at the heart of what we all need to survive: money. Our financial lives impact our personal relationships, our work, our mental state, our abilities to provide for our families and plan for the future; in short, our finances touch almost every aspect of our life. As a consequence, finances become one of the highest priorities of our lives. Bankruptcy is one of the most effective tools available to individuals and companies in...

Bankruptcy is a powerful tool that can really help a person get back on their feet. One of the main policies for bankruptcy relief is to give individuals and businesses a fresh start. It would not be much of a fresh start if you were not able to remove your debts. Most all of your debts can be removed through the bankruptcy process. Everything from credit cards, medical bills, loans, payday loans, lawsuits and even...

Foreclosure can happen to anyone. There were nearly 2 million foreclosures in the US in 2012.  The Dallas area ranked 11th among major cities in foreclosures during that same year. However, all is not lost, there are several tools that a homeowner has that can help stop a foreclosure but this blog is going to focus on Bankruptcy. When you file a bankruptcy under title 11 of the united states code, there is an automatic stay that goes...

One of the most common questions I get from clients is "how can I improve my credit after bankruptcy". In order to maximize your credit score after bankruptcy, you need to establish positive credit reporting. To establish positive credit report you need to MAKE YOUR PAYMENTS ON TIME, EVERY TIME. Do not be late on anything. If you have a vehicle or home, do everything you can to make those payments on time. If you did...