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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Obamacare penalty waived if bankruptcy within last 6 months Affordable Care Act allows hardship exemption for people that have filed bankruptcy in the last 6 months, among others. -
Houston Chapter 13 plans can now have emergency savings clause Emergency savings provision is new thing in chapter 13 bankruptcy plans in the Houston, Texas bankruptcy courts -
Overpaid for T.W.C. Unemployment? Be careful, you could be prosecuted The Texas Workforce Commission is getting tough with people that are knowingly overpaid for unemployment benefits; bankruptcy may not help if you are sent to jail -
Mortgage companies beware: sending bills on bankrupt loans can be violation If a mortgage servicer sends a monthly mortgage statement to a Houston debtor that has been discharged in bankruptcy, it may be a violation of the bankruptcy discharge -
Judgment liens against your Texas home can be avoided or cancelled in bankruptcy If you have been sued and have a judgment against you, the judgment lien against your Texas homestead can be canceled if you file bankruptcy -
You can buy a home in Houston after a bankruptcy, and it doesn't have to take forever It is possible to get a mortgage and buy your home in Houston, Texas even after a bankruptcy, short sale or foreclosure. You may have to wait 2-4 years, maybe even less -
Custody fight attorney fees of ex-spouse not discharged, says Houston bankruptcy court If you fight about child custody and lose in Harris County, Texas, bring your checkbook. In this case, $100,000 was ordered paid for ex-spouse's attorney fees -
Private student loans can be difficult to deal with; new sample letter to ask for reduction The Consumer Financial Protection Bureau (CFPB) issued a new sample letter for borrowers to use, to ask for a reduction in payments from the lenders -
IRS taxes can be discharged with filing of "substitute" tax returns if taxpayer helped, rules Houston bankruptcy court To satisfy technical 26 USC Sec. 6020(a) requirements, taxpayer must cooperate with I.R.S, provide information for tax return -
Former multimillionaire bankrupts $15 Million in IRS taxes; no "specific intent" to evade them says court 9th Circuit case of Hawkins v. FTB says that proof of overspending alone, does not mean a debtor in bankruptcy cannot discharge IRS taxes -
We accept Texas Legal for our Texas bankruptcy legal service If you live in the Houston, Texas area, you can hire us for bankruptcy services if you are a member of the Texas Legal Protection Plan, now known as Texas Legal -
If you have too much student loan bills and need help check out this new web tool. Federal student loans in default can garnish your wages and your take your tax refunds. Don't let it get that far. -
Houston bankruptcy court removes about 100 Collie dogs from bankrupt owner U.S. Bankruptcy Court sitting in Houston removes about 100 Collie dogs from owner, many of which were in "deplorable" condition -
Medical debt, paid collections won't count on new FICO credit score FICO announces changes to credit scoring algorithm, will overlook paid collections, and not count medical collections as much as other delinquent debt -
Texan sells home during chapter 7 using Texas exemptions, may lose equity if don't buy new homestead Cage v. Smith case decided by Judge Jeff Bohm on August 5, 2014 found that a chapter 7 debtor's case must be closed, before he or she can sell house and use proceeds for anything other than another homestead -
Private student loans often difficult to negotiate reasonable payment Private student loans, unlike federal student loans, do not have many repayment options in Texas, and are difficult to negotiate a reasonable payment -
Delinquent Debt in America report: 44% of Houstonians owe bad debts If you live in Houston, you likely have bad debts on your credit reports. Filing bankruptcy is one way to get rid of bad debts and get a fresh financial start -
I.R.S. does something good! Get IRS transcripts quickly online. If you need records including tax return transcripts, transcripts of account, or wage and income transcripts from the Internal Revenue Service, look online -
If you are married, your spouse doesn't have to file bankruptcy with you It's possible to file a bankruptcy without your spouse, but it may or may not help them preserve their credit -
Supreme Court says inherited IRA's have to go to creditors in bankruptcy cases Inherited IRA's can be claimed as exempt if you are a Texas under state law, but if you file bankruptcy and claim federal exemptions, inherited IRA's must go to creditors