Our blog keeps you updated about debt issues Houston residents are facing on a regular basis. We try to keep our content casual, easy-to-understand and relevant to your life. Read the latest postings on Texas student debt and easing credit card debt.
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Goodbye Hurricane Harvey - Hello Houston, Texas has mortgage-related disaster relief available Goodbye Hurricane Harvey - Houston, Texas has mortgage-related disaster relief available -
Exempt property acquired during chapter 13 may not be safe! Just because property is exempt from creditors doesn't mean it is safe from creditors, says U.S. Bankruptcy Judge Craig Gargotta. In re Ortiz-Peredo, 17-50814 (Bankr. W.D. Tex. July 18, 2017) -
Filing bankruptcy and claim your IRA as exempt under Texas law? Don't cash it in until your lawyer says it is safe to do so! Filing bankruptcy and claim your IRA as exempt under Texas law? Don't cash it in until your lawyer says it is safe to do so! In re Hawk, 5th Cir. 2017 -
Harris County jury slams Joseph Onwuteaka with $25 million judgment Harris County Texas jury slams Houston debt buyer Joseph Onwuteaka with $25 million judgment for violations of Texas consumer protection laws. -
Supreme Court speaks: OK for debt buyers to file stale claims in bankruptcy U.S. Supreme Court says it is not FDCPA violation for debt buyers or creditors to file time-barred claims in bankruptcy cases. -
Waiting to file a bankruptcy in Houston, Texas can be a bad idea Many people delay filing a bankruptcy, and it can backfire on them. If you need to file a Houston, Texas bankruptcy, waiting to file can be a really bad idea. -
Reenlistment bonuses not discharged in bankruptcy, at least for 5 years Military reenlistment bonuses are not dischargeable in bankruptcy for five years after the contract or service ends. -
If you are common-law married in Texas, you can file bankruptcy together Filing a joint bankruptcy case saves you from paying two attorney fees and two filing fees. If you are "common law" married, you can file a joint bankruptcy and just pay one fee -
I.R.S hikes user fee for filing Installment Agreements Houston, Texas area clients will have to pay higher user fees for making a payment plan with the I.R.S. beginning in 2017 -
Bankruptcy trustee may reverse transfers for 10 years If a bankruptcy debtor also owes IRS taxes, a bankruptcy trustee can "step into shoes" of IRS and go back 10 years to reverse fraudulent transfers of property -
Mortgages companies must file notices of postpetition fees within 180 days of when debt arises Texas bankruptcy court rules that mortgage lenders must file notices of post-petition fees within 180 days of when legal obligation to pay the debt arises, not when the mortgage lender is invoiced. In re Raygoza (Bankr. S.D. Texas 2016). -
Texas contractors have affirmative defense to Construction Trust Fund Act Texas contractors have affirmative defense to Construction Trust Fund Act, Tex. Prop. Code 162.031 -
Texas OAG to deny vehicle registrations for child support Chapter 13 can allow you to repay your delinquent Texas child support over a three to five year repayment plan, while stopping repossessions and foreclosures. -
Student loan debt collection problem? File complaint here Federal student loan debt collectors sometimes violate the Fair Debt Collection Practices Act or FDCPA. Want to also file a complaint with the Dept of Education -
U.S. District Court in Houston affirms In re Hawk case Houston, Texas U.S. District Court affirms In re Hawk case; IRA's claimed as exempt in bankruptcy under Texas law, become non-exempt if distributed and not rolled over during bankruptcy -
Wells Fargo issuing payments and credits because of lawsuit settlement Wells Fargo is sending our letters about a lawsuit settlement, if you are in chapter 13 and they are your mortgage company you may receive a settlement -
Texas HOAs can foreclose homes for dues- but is it right? Homeowner associations in Texas can foreclose on homes in Houston for their delinquent dues. And if it goes to lawyers, the lawsuits can be very expensive. -
Being evicted in Houston? At least get your property out. If you are about to lose your Houston, Texas house to foreclosure, consider filing chapter 13. At least remove your personal items before the eviction, so that they are not put out on the curb. -
I.R.S. can seize & sell your home in the right circumstances The I.R.S doesn't seize and sell principal residences very often, but they can if they meet the requirements such as getting a court order -
Houston personal bankruptcies higher due to oil patch slide Oilfield related employers are laying off and jobs that rely on the oil patch are shrinking due to the slide in oil prices, causing more Houston bankruptcies.