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Adam Schachter's blog

Government Increases Filing Fees for Bankruptcy: June 2014

- The Judicial Conference has approved the following fee increases effective as of June 1, 2014.

- Fees for filing a chapter 7 case will increase from $306.00 to $335.00.

- Fees for filing a chapter 13 case will increase from $281.00 to $310.00

- Fees for filing an adversary proceeding will increase to $350.00 (Debtors are not charged filing fees for adversary proceedings).

- Fees for filing a Chapter 11 case will increase to $1,717.00.

Can Financial Stress Make You Ill?

This is the first in a series of joint articles by Adam Schachter (Houston Bankruptcy Lawyer) and David Bueno Martin (Counselor in Houston).

Adam: I think financial stress could cause illness. Most forms of stress have a negative impact on the psyche and the body. Financial stress is more insidious than other types of stress for a couple of reasons that we outline below.

The DOs and DONT's of Debt Settlement

The 'Do's'
1. Stay in regular communication with the creditor or collector.
2. Take detailed notes of everything you do regarding trying to settle, especially notes of phone calls.
3. Mail everything via certified mail, return receipt requested, and keep the green card receipt.
4. Become acquainted with your rights under the Texas and Federal Fair Debt Collection Practices Acts.

Debt Settlement: Interchangeability of Terms

In the world of the financially distressed, a lot of terms get thrown around that may mean different things depending on who is using the term. Those terms are debt settlement, debt negotiation, debt consolidation and credit counseling.
Unfortunately, there is no universally accepted definition for any of those terms. When seeking a professional to help you get out of debt, be careful when you throw these terms around. What matters is what that professional intends to do for you and how he or she intends to go about it.

Debt Settlement: legal fees and costs

We love what we do for a living, otherwise we would not be doing it. There is a great joy in providing a relief of stress and a bit of hope to those struggling financially. Had we won the birth lottery and were given unlimited millions by our parents, we would absolutely do this work for free. Like many of our clients, however, we work hard to try to make a living and therefore must charge for our time. We usually charge a flat fee for debt settlements, regardless of the amount owed.

Debt Consolidation: Beware of Charlatans!

Nearly every day we either see or hear an advertisement related to consumer debts. Lawyer advertising is regulated by the State Bar of Texas, so the following discussion has nothing to do with lawyer ads, as all the ones I’ve seen and heard comply with the rules.

Every day we hear these ads and we hear flat out lies. “Bah,” you may be thinking, “he’s getting all lawyer on us. No way these companies are lying on TV or the radio, what about the truth in advertising laws?” We hate to tell you that we have no such laws.

How To Get Out of Debt: A Texas Debt Settlement Primer

This is the first in a series of articles we will publish on the subject of debt during which we will cover the following topics. The purpose of the series is to guide you through the process of getting out of debt while avoiding the pitfalls, sham practices and charlatans who dominate this type of service. The only caveat is that as Houston Bankruptcy Attorneys we can only advise and provide debt settlement services if you live in the great state of Texas.
Here is a brief overview of what we are going to cover in this series of articles:

    Learn About Bankruptcy - Resources and Links for Houston Texas

    We've just published a page of links and resources for people who want to learn about bankruptcy in Texas with special emphasis on Houston.

    For example you can find links to the profiles of the Southern District Bankruptcy Judges, Chapter 13 Trustees, and Harris county clerks.

    Check it out and feel free to let us know if we are missing any.


    We respect and guarantee the confidentiality of your case and personal information

    CONTACT US (Texas Only)

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