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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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. -
Waiting to file a Houston, Texas bankruptcy is not always a good idea. If you qualify to file a chapter 7 or chapter 13 bankruptcy in Houston, Texas, but decide to wait, it could cause problems. If you wait too long, you may no longer qualify to file chapter 7. -
Bankruptcy Code limits filing spouse to $160,375 in equity in Texas homestead of filed within 1215 days of acquiring it, says 5th Circuit Court of Appeals. Motion for en banc reconsideration filed. Matter of Wiggains, 5th Cir. 2017. Matter of Wiggains, 5th Circuit 2017. Filing bankruptcy by one spouse brings all community property into estate. Bankruptcy Code 522(p) limits the filing spouse to $160,375 in equity in Texas homestead if file bankruptcy within 1215 days of acquiring it.