Category Archives: Bankruptcy
Common Bankruptcy Myths

Here at Sherman Law Firm, P.C., we encounter people who are afraid of filing for bankruptcy because of ideas or notions that are only based on hearsay or assumptions. If you have fears about the consequences or effect of bankruptcy on your life, it is better to have them confirmed or clarified with a reputable […]

IRS Discharge Ability In Bankruptcy

Even though the 2005 amendment to the Bankruptcy Code made it more difficult to discharge IRS taxes, Bankruptcy is still the best avenue to deal with IRS. If your 1040 taxes were due more than three years ago, have been on file with the IRS more than two years, you have filed your taxes when […]

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 […]