Herrin Law | Blog
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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...