Herrin Law | bankruptcy lawyer
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bankruptcy lawyer

There is not nearly enough being done to help consumers with their student loan debt.  Congress continues to delay the inevitable, and student loan services have very little sympathy for consumers.  They offer very little in terms of workable programs. Sure, they say things like “income based” repayment plans, but these plans very rarely are affordable.  For instance.  I have clients who have credit card debt and pay monthly payments on this debt.  Well, when determining...

An individual issues a hot check (also known as a “Bad Check,” a “NSF Check,” a “Dishonored Check,” or a “Bounced Check”) when they fraudulently write a check despite having knowledge of the fact that they do not have the funds available to cover the check. For example, an individual who issues a check for $500.00 knowing that their bank account only has $250.00, can be charged with an offense for this action. The issue...

Delinquent on your home mortgage payments? You may be in luck. For borrowers whose loans are owned or guaranteed by Fannie Mae or Freddy Mac, the Federal Housing Finance Agency (or FHFA) will soon offer a Principal Reduction Modification Program to borrowers that meet certain eligibility requirements. The program was implemented with the goal to “maximize assistance for homeowners” and “minimize foreclosures.” (See Emergency Economic Stabilization Act of 2008). The modification will be available to “owner-occupant...

Introduction Under Chapter 13 bankruptcy, individuals with regular income are granted the opportunity to develop a repayment plan in order to satisfy all or part of the debts for which Creditors hold claims. A Chapter 13 repayment plan will allow a Debtor to make installments to Creditors over a period of three to five years to satisfy their debts. Some debts under this plan must be paid in full, while others may be paid only in...

There are many reasons why someone might choose to file for bankruptcy; however, two of the most prevalent reasons are (1) a debtor’s need for relief, and (2) a desire to preserve one’s assets. For some people, the reasons might be as sentimental as they are financial, such as trying to hold on to a home with a mortgage the debtor is struggling to pay. While on the other hand, for businesses, filing for bankruptcy...

Going through bankruptcy can be a trying experience.  It can be overwhelming and it’s not always clear what to do, or who you should turn to.  In another post we discuss bankruptcy mills and why they should be avoided.  Basically, there are bankruptcy attorneys who treat their clients as a paycheck, and try to churn through as many cases as possible.  On the other hand, there are many dedicated and competent bankruptcy attorneys who are...

Bankruptcy is an economic solution that has many myths attached to it and most of those myths are false. One truth about every bankruptcy case is that you will have to pay to file for bankruptcy. Another misconception is that all lawyers, including bankruptcy lawyers cost an arm and a leg. We want you to know that it IS possible to find a team of affordable bankruptcy lawyers who can get you the results you need without...

You always have the right to control who represents you in legal matters. That is a fact that is always true no matter what type of legal situation you find yourself dealing with. If you filed a bankruptcy and Firm A represents you; you have the right to fire Firm A and hire Firm B to substitute in as counsel. REASONS WHY YOU MAY FIRE AN ATTORNEY You do not have to justify your reasons for wanting to...

There are two required financial courses in Bankruptcy.  The first course is taken before you file bankruptcy and the second course is taken after you have filed the bankruptcy. The First Class - Pre-Filing Bankruptcy Credit Counseling This class is intended to help you prepare for bankruptcy.  It goes over several budget/finance related questions to help you gain clarity on your personal finances.  Some of the questions relate to how much you spent on your home, vehicle,...

In my career clients sometimes will ask "why can't I just file bankruptcy on my own?"  My answer is always the same, "if your arm was broken, would you reset the bone yourself or go to a doctor?"  Clients always say "I'd go to a doctor" This is the exact same situation, your financial life is broken, go to the doctor so it can be fixed. Herrin & Wright are financial doctors and specialize in fixing...