Even the best small businesses can face financial difficulties. When such circumstances arise, small business owners have the option to file bankruptcy in an attempt to alleviate their debt or to restructure their payments, buying more time to get their finances in order and to repay their debts. Small businesses have a choice between Chapter […]
Not all bankruptcy types work in the same way. The one thing they have in common is a systematic process. It is important to understand these steps in order to successfully file and complete the bankruptcy process. Future posts will cover the steps in Chapter 7, Chapter 11, and Chapter 8. For now, let’s focus […]
Income tax is a bittersweet matter for many Americans. On one hand, this interest-free loan to the government takes a large chunk of most taxpayers’ income each pay period. On the other hand, after going through the tedious process of arithmetic and filing in forms, many Americans can count on getting a large portion, if […]
If you are considering filing a bankruptcy case, one of your creditors may be a Pay Day Lender. Many people in financial difficulties resort to borrowing money from these lenders who can only be described as loan sharks. When you file a bankruptcy case, you must list all of your assets and all of your […]
The Bankruptcy Court for the Western District of Texas has adopted a local rule that establishes $3,000.00, plus expenses, as the attorney’s fees for a Chapter 13 bankruptcy case for an individual. If you file a Chapter 13, you will be in bankruptcy for 3 to 5 years and your wages will be garnished during […]
A Short sale of real estate means that the property is sold for less than the amount required to pay debts secured against it. This type of transaction requires the cooperation of the primary lender and any other creditors to whom the property was pledged as security. Many lenders and practically all realtors are eager […]
As a Waco Bankruptcy Lawyer and a Killeen Bankruptcy Lawyer, I am frequently asked if getting a discharge in a bankruptcy case will make a client incur a tax liability. Under the U.S. Tax Code, if a debt is discharged in a bankruptcy case, that debt forgiveness is not taxable income. However, if a creditor […]
Most of our clients think that if they file a bankruptcy case, they will never get credit again. As a Killeen Bankruptcy Attorney and a Waco Bankruptcy Attorney, I have found that not to be the case. We have many clients who come to us for repeat bankruptcy filings because we discharged their debt in […]
As a Killeen Bankruptcy Attorney and a Waco Bankruptcy Attorney my clients frequently ask me if they should reaffirm the debt owed on their home mortgage when they file a Chapter 7 bankruptcy case. In this scary real estate market, many homes with mortgages are underwater, which means that these homes are worth less than […]
As a Waco Bankruptcy Lawyer and Killeen Bankruptcy Lawyer I am frequently asked this question. When you file a Chapter 7 bankruptcy case or a Chapter 13 bankruptcy case, you must fill out bankruptcy forms called “bankruptcy schedules” which you sign under the penalty of perjury. Those forms ask you to list all of your property. […]
The following was taken from a presentation Erin gave at Baylor Law School for Veterans on 11/11/10: As the economic climate continues to deteriorate in the U.S., financial difficulties seem to be affecting more and more individuals. Foreclosures and bankruptcies are now at record highs throughout the nation. As an attorney with an office in […]
With the great number of military, veterans and civilian contractors that we see in our offices from Killeen, Ft. Hood, Temple, Belton, Gatesville, Copperas Cove, and across Central Texas, Erin B. Shank P.C. has launched TexasMilitaryBankruptcy.com a site specializing in helping our military men and women with bankruptcy. http://www.texasmilitarybankruptcy.com
My husband and I had thought about bankruptcy before but he was told it would hurt his military career. Fast forward a few years, we were drowning in 50k credit card debt and I decided to research bankruptcy. Low and behold I found out it would not hurt his career or his security clearance. So we... Read More
Absolutely wonderful. Very responsive and professional staff. The staff made the process quick and easy. Melissa and Ms. Erin Shank in particular are very helpful. Everyone is happy to go the extra mile to ensure understanding and satisfaction. Military and Veteran discounts, without a lack of... Read More
Very satisfying..
Wonderful law firm . They go the extra mile to help you. I would definitely recommend Erin B. Shank to anyone deciding to go through bankruptcy.
I was scared to file bankruptcy but after my divorce I had no choice. Mrs wheeler was very sweet and Mrs. Shank was very kind told me the process what my out come would be and she was so right . I do know now what not to do with credit . Thank you ladies very much for all you do and helping someone... Read More
I had the pleasure of working with Darcy and Mrs. Shank and they made this stressful situation as easy and understandable for me. From beginning to end they keep you informed and on top of necessary information. From the warm smile as you walk in to the actual signing of your case they are there... Read More
If you are filing for bankruptcy, don't waste your time shopping around, Erin Shank is the best in the area. I needed to file for bankruptcy, I shopped around extensively before making my decision. Her team is very experienced and professional, they know what they are doing, they have great work... Read More
Mrs. Shank and her staff were very friendly, helpful and understanding. They treated me with respect and made my experience very pleasant. Thanks Darcy for all your help.
Awesome service !!!! Great attention to detail and your best interest!!
Erin B. Shank, P.C.
1711 E Central Texas Expy #107
Killeen, TX 76541
(254) 690-4110
Erin B. Shank, P.C.
1902 Austin Ave
Waco, TX 76701
(254) 296-1161
