Bankruptcy Insights

Lifestyle Changes After Filing Bankruptcy
I have been working with people who have filed bankruptcy (Chapter 13) for about three years now.  I never really understood the stress and hardship that bankruptcy can put on a family.  It has made me more aware of how to deal with my own finances and to appreciate what I have. Lifestyle changes can be hard especially when you are used to a particular lifestyle.  When you are faced with having to...
Bankruptcy for our Military
Since we practice law in El Paso, Texas, home of Ft. Bliss, one of the largest military bases in the USA, we represent many Officers and Enlisted Soldiers.  We see lots of prospective clients who are currently in the military and have moved to El Paso from all over the world. For many of these soldiers the stress of moving around, being deployed and all...
Is the Stigma of Bankruptcy Worth It?
Bankruptcy is a scary word to many because: it's something you will never recover from; you'll never buy a home or a car again; you will have to surrender all of your assets and be left with nothing. Good reasons to be afraid, however the above statements could not be more wrong. They are inaccurate and only a part of the stigma that has been created for...
Bankruptcy Lawyers VS. Lawyers Practicing Bankruptcy Law
My Dad has really had his hands full - he’s been an incredible caregiver to my Mom who unfortunately has the dreaded disease Alzheimer’s.  He finally hired Judy to clean once a week for a couple of hours and she has also helped care for Mom with love and kindness. Judy, hard working, a single mom, cleaning houses and  waitressing to help support her daughter get through...
Are You Fearful of Your Upcoming 341 – First Meeting of Creditors??
When I mention to clients that they will be required to appear at a 341 First meeting of creditors, most of them cringe and become nervous immediately. They imagine a Meeting where they are interrogated and questioned about every aspect of their case.  In El Paso, the Creditors Meetings are nothing to be nervous about. I explain to my clients from inception that their 341...
Bankruptcy Errors to Avoid – Part 3 – The Pain Of Not Changing Banks
A great number of us use our bank for everything: paychecks are on direct deposit; pay credit cards, mortgage payments and utilities bills electronically.  Some bills are setup for automatic payment and others are scheduled manually.  We are familiar with on-line banking;  an understanding of how our bank’s online software works and have mastered its applications. The thought of changing how we use our bank account or worse the thought of actually changing banks is an...
LOAN MODIFICATION’S DEADLY TRAP – FORECLOSURE
Many of our clients  had received phone calls from their ‘lender’ (before they were clients) who at the time  sympathized with the fact they were behind on their mortgage payments. These folks are  often told there is a solution for their problem. The lender then proceeds to give the client a long drawn out procedure to follow. At this point, the client has stopped making mortgage payments...
Save Your Home By Filing Chapter 13 – Is That Your Best Option??
Many people find themselves in a tough position when they’ve fallen behind on their mortgage payments and are unable to make them up. They try to negotiate with the mortgage company, enter into a loan modification, or some even try to borrow the money from friends or relatives. It’s a very scary to receive a Notice of Foreclosure especially when your options are limited. When...
Can Change Begin in Bankruptcy Court?
I'll be 60 years old this year - a true flower child at heart.  Love, Peace, Equal Rights.  And as my generation grew up we lived those values and life slowly changed.  Something's happened - there's been a shift and in my opinion an ugly shift.  It's like all the small-minded Americans banded together with the goal of homogenizing America.   When did the right to...

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