How Divorce Can Affect Your Retirement Planning

Retirement is difficult enough to save for, but when you throw a divorce in the mix, things can get a bit complicated. Most people have IRAs, 401ks, pensions, savings accounts, bonds, etc. When you get divorced, there are a few different ways that the court looks at...

What Is a Property Lien?

A lien is a notice attached to your property to give the public notice that a creditor claims  you owe it money. Liens are typically public record and are filed at your local records office or with the county clerk. Property liens can be complicated, and if you have...

What is the “Automatic Stay” in Bankruptcy?

The “automatic stay” stops just about all actions by your creditors against you or your property as of the moment your bankruptcy case is filed. “Stay” is just a legal word for “stop.” It’s “automatic” because the very act of filing your case “operates as a stay”...

What Is the Debtor Education Requirement in Bankruptcy?

In addition to the “credit counseling” that you must do before you can file a bankruptcy case, after filing the bankruptcy you must also complete “an instructional course concerning personal financial management” in order to get a discharge of your debts. This second...

What You Need to Know about Debt Settlements

A debt settlement is when you agree to pay a creditor less than you owe in one large lump sum. This should be avoided if possible, as it is a bit hit on your credit score. However, if you are falling behind on payments and you feel as if it is the only option next...

What is the NACBA?

When you are thinking about filing for bankruptcy, you may start to do some research on your own. As you come across different organizations, you may see one by the name of NACBA. These organizations can help you with resources and information about bankruptcy along...

Why You Should Avoid Debt Settlement Companies

You hear them on the radio and TV, debt settlement companies claiming they can help you get out of debt and save money by negotiating with credit card companies to lower your interest rate and monthly payments. If it sounds too good to be true it’s because it is. What...

Debt Dictionary

This debt dictionary page was created to define and answer basic questions some of our clients have had in the past. Leinart Law Firm provides legal solutions for debt in the Dallas-Fort Worth area and with more than 15 years of experience, we have the knowledge and...