It never hurts to learn about the laws behind debt-related issues and how they affect you. We write our articles keeping your most important questions in mind and hope you will find their content useful in your quest for financial independence. Read about Chapter 13 bankruptcy and credit card debt relief in Texas here.
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So long as Texas homestead owned on date of filing chapter 7 bankruptcy and claimed as exempt, the debtor may laer sell it and do what they want to do with the proceeds, do not have to reinvest in another homestead. Matter of Deberry, 5th Cir. 2018. Matter of Deberry 5th Circuit 2018. A chapter 7 debtor may file bankruptcy, claim home as exempt, allow exemption to become final, and then sell home and do what he or she wants with the money. -
April 2018 Newsletter - Saddled with I.R.S. taxes from a joint tax return with an "ex"? You may be entitled to innocent spouse relief! April 2018 Newsletter - Saddled with I.R.S. taxes from a joint tax return with an "ex"? You may be entitled to innocent spouise relief! -
Ayobami v Peake, 5th Circuit Court of Appeals 2018. We hold that if, when considering any other exemptions claimed, the debtor’s entire interest in an asset is less than or equal to any dollar-value limitation imposed by the applicable § 522(d) subsection, then the debtor may exempt her 100% interest in that asset. Ayobami v Peake, 5th Circuit Court of Appeals 2018. Debtors may exempt 100% interest in asset, so long as entire interest is less or equal to any dollar limitation in 522(d). -
November 2017 Newsletter - The Equifax data breach- how will it affect you and what do you do? November 2017 Newsletter - The Equifax data breach- how will it affect you and what do you do? Houston, Texas -
Fourth General Order concerning Hurricane Harvey - Chapter 13 trustees not required to file motions to dismiss for nonpayment through November 1, 2017 in the Corpus Christi, Galveston, Houston, and Victoria Divisions. Court will consider motions to modify plans. Fourth General Order concerning Hurricane Harvey - Chapter 13 trustees not required to file motions to dismiss for nonpayment through November 1, 2017 in the Corpus Christi, Galveston, Houston, and Victoria Divisions. -
5th Circuit withdraws original Hawk opinion, issues Hawk II reversing district court. Court holds that once exemptions are allowed in chapter 7, the exempted assets are excluded from and no longer part of the bankruptcy estate. Matter of Hawk (II), 5th Circuit 2017. Houston, Texas bankruptcy -
August 2017 Newsletter - You don’t have to carry a balance to have a great credit score! You don’t have to carry a balance to have a great credit score! Houston, Texas -
5th Circuit holds that under Texas law, IRA cashed in during bankrupty loses its exemption if not rolled over into another IRA within 60 days. In re Hawk, 5th Cir. 2017. In re Hawk, 5th Cir. 2017. IRA cashed in during Texas bankrupty loses its exemption if not rolled over into another IRA within 60 days.