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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HAVEN Act will help veterans qualify for bankruptcy HAVEN Act of 2019 will help Texas veterans qualify for bankruptcy -
Texans can sell home after bankruptcy and keep the money Texans can sell their home after filing bankruptcy and keep the money safe from their creditors, so long as they claimed home as exempt and no objections -
Upright Law sanctioned, fined by Virginia bankruptcy court Law Solutions Chicago or Upright Law, punished by U.S. Bankruptcy Court in Western District of Virginia for unscrupulous practices -
Harris County, Texas court sanctions held not-discharged Harris County, Texas post-judgment court sanctions held not discharged in Houston bankruptcy case by U.S. Bankruptcy Judge Marvin Isgur -
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 -
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. -
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 -
5th Circuit Court: This debtor's bad faith requires dismissal per 11 USC 707(a). 5th Circuit Court: Debtor's bad faith before and after bankruptcy requires dismissal per 11 USC 707(a). Texas bankruptcy. -
Transferring IRA's to hinder creditors can cost you discharge, says Houston bankruptcy judge Even transferring exempt property like an I.R.A. before bankruptcy can cause you to lose your bankruptcy discharge, if you do it with fraudulent intent -
Houston court rules woman committed fraud, revokes discharge Bankruptcy courts have the power to revoke a discharge in bankruptcy for one year after it is granted, under Section 727(d) of the Bankruptcy Code -
Distribution from IRA during bankruptcy can be seized if not rolled over, says Houston bankruptcy court Houston Chief Bankruptcy Judge Bohm ruled in In re Hawks case that IRS money distributed during bankruptcy and claimed exempt under Texas law, must be rolled over or risk losing it to bankruptcy trustee -
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 -
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 -
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 -
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 -
Houston bankruptcy court: 3 Parcel rural homestead all exempt In Texas, a single person can have 100 acres plus improvements exempt in rural area, 200 acres plus all improvements for family; can be in more than one piece -
Non-debtor spouse can lose homestead in Texas bankruptcy A spouse that does not file bankruptcy can lose their interest in a homestead, at least if it exceeds the limits -
Law v Siegel: SCOTUS says no exemption surcharges as sanctions-Right? Law v Siegel, Chapter 7 Trustee says a bankruptcy court cannot punish fraud by surcharging a debtor's exemptions