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Common Bankruptcy Mistakes to Avoid

Many people file for bankruptcy here in the Dallas Fort Worth Texas area, so they can get back on their feet and settle their financial affairs as peacefully as possible. However, the fresh start you are hoping for can be hindered because of easily avoidable blunders during the actual filing process. Below are some of […]

Exemption Snapshot Rule

In the last few years, there have been conflicting decisions whether or not an asset claimed as exempt loses it exempt status if there is a change in the character of the property such as the sale of a homestead or distribution from an exempt IRA or retirement account. The Fifth Circuit;s decision in In […]

When Should I Consider Bankruptcy?

Here at Sherman Law Firm, P.C., we are often asked about the right time to declare bankruptcy. As we tell our clients, you should first make sure that you have fully understood the effects of making this decision. Also, it is important that you have considered and even tried other options such as negotiating with […]

Finding the Right Bankruptcy Attorney for You

The amount of time and effort you expend facing bankruptcy can depend on the lawyer you choose. Dealing with this crucial time is already stressful and complicated enough; you don’t need to add another burden by hiring the wrong legal representative. If you are currently on the lookout for a bankruptcy attorney here in the […]

Grounds for Divorce in Texas

In the State of Texas, there are various grounds for divorce that either the petitioner or both parties can account for. Before filling for the actual process, preparing all of the necessary documents, communicating with the people involved, and hiring a legal representation, here at Sherman Law Firm, P.C., we strongly advice that you determine […]

Outline of the Divorce Procedure in Texas

In filing for a divorce in Texas, the procedure can either be as taxing or as civil as possible. As a potential Petitioner, you are impelled to undergo certain phases other than entering the actual court room. Here is a basic rundown of the steps that you might have to go through in a typical […]

Finding the Right Family Attorney

Having the right legal representation that fit for your family needs can determine the very outcome of your case. In order to help you prepare for your battle in or out of court, here are some questions that you might have to ask yourself when getting a family lawyer. What kind of lawyer do I […]

Chapter 7 Bankruptcy

Chapter 7 bankruptcy is an injunction against collection of certain debts and is overseen by the bankruptcy trustee. Another term for Chapter 7 bankruptcy is “liquidation” or “straight” bankruptcy. Chapter 7 automatically puts into effect an “Order for Relief” and an “Automatic Stay” which prevents creditors from collecting debt owed to them by the Debtor.  […]