texas bankruptcy lawyer Archives - Herrin Law
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texas bankruptcy lawyer Tag

Filing Bankruptcy requires you to file a Petition with the US Bankruptcy Court in your city/county. This can be done electronically. The moment the petition is filed, you will receive a bankruptcy case number and will be afforded the protections of bankruptcy. However, BEFORE YOU CAN FILE YOU MUST COMPLETE A CREDIT COUNSELING COURSE. There are hundreds of providers but you must make sure you are using a provider approved by the Bankruptcy Courts. The strongest...

Bankruptcy allows a person or business to deal with their debt. There are two main types of bankruptcies for consumers: Chapter 7 (known as a liquidation) and Chapter 13 (known as a reorganization). In addition there are other chapters for corporations, farms, and municipalities but those will not be covered in this blog. Chapter 7 - This is known as a liquidation. It allows you to discharge (wipe out) your debt. Debt is classified in three...

The whole point of filing bankruptcy is to get you a fresh start, which includes increasing your credit score. Almost all of my clients see a credit score increase post bankruptcy filing. The reason for this is simple: they drastically reduced their amount of debt. I tell most of my clients that filing bankruptcy and receiving your discharge is a lot like turning 18 again. Your past has been reset and the actions you take now,...