Monthly Archives: September 2017
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 […]