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Reasons Why Chapter13 Is Often The Best Choice

Reasons Why Chapter13 Is Often The Best Choice

WHEN IT COMES TO CONSUMER BANKRUPTCY CHAPTER 13 IS OFTEN THE BEST CHOICE Even though Chapter 7 bankruptcy can have many benefits for the Debtor who qualifies and has mainly unsecured debt they are seeking relief from, Chapter 13 bankruptcy has many advantages over Chapter 7.  Chapter 13 has the following advantages: If a Debtor… Continue Reading

Debt Limits for Chapter 13 Debtors

Debt Limits for Chapter 13 Debtors

IF YOUR DEBT EXCEEDS A CERTAIN LEVEL YOU CANNOT FILE A CHAPTER 13 BANKRUPTCY Even though Chapter 13 is the best or only solution for you from a bankruptcy standpoint, you might not be qualified to file a Chapter 13 bankruptcy because of the debt limits.As of April 1, 2016, a debtor cannot have more… Continue Reading

Chapter 13 Trustee’s Debtor Education Course

Chapter 13 Trustee’s Debtor Education Course

IF YOU ARE A CHAPTER 13 CLIENT YOU CAN COMPLETE THE DEBTOR EDUCATION COURSE THROUGH THE CHAPTER 13 TRUSTEE’S EDUCATION NETWORK (TEN) All consumer bankruptcy clients must complete a second course in order to receive a discharge upon plan completion.  This second course is referred to as Debtor Education or Financial Management.  The Chapter 13… Continue Reading

U.S. Supreme Court Weighs Collection of Time-Barred Claims

U.S. Supreme Court Weighs Collection of Time-Barred Claims

Attempted Collection of Time-Barred Claims by Junk Debt Buyers. On January 17, 2017, the United States Supreme Court heard oral arguments in Midland Funding, LLC v. Aleida Johnson.  Midland Funding is one of the most well known junk debt buyers in the industry. Aleida Johnson filed for Chapter 13 bankruptcy protection in Alabama in 2014. … Continue Reading

The Greatest Mistake Made When In Financial Crisis

The Greatest Mistake Made When In Financial Crisis

THE WORST MISTAKE THAT PEOPLE MAKE WHEN THEY ARE IN FINANCIAL CRISIS IS TO PROCRASTINATE. There are a number of reasons people procrastinate when they are in a financial crisis.  Many may delay taking action because they believe things are going to change. This leads to a clash of ideas. On the one hand the… Continue Reading

Financial Roundtable – KTBB AM 600 & 97.5 FM

I appeared as a guest today on the Financial Roundtable today, which is broadcast every Saturday and Sunday from 12-1pm on KTBB AM 700 and FM 97.5 in Tyler, and can be heard on the web at www.ktbb.com. The Host, Randy Stevenson, asked whether I have seen more elderly clients in my practice filing for… Continue Reading

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