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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Houston bankruptcy court: $3 Million in delinquent Texas sales taxes can't be charged to new company just because same people owned previous, failed company Houston bankruptcy court rules in chapter 11 bankruptcy case: Texas Comptroller of Public Accounts can't stick entirely new company with $3 Million owed by previous company just because same owners -
Houston bankruptcy court rules 3 parcel rural homestead of 37 acres all safe, can't be seized by judgment creditor In re Ling - Houston chapter 7 bankruptcy case: Rural Texas homesteads can be in more than one parcel of land and be exempt from the claims of creditors -
Supreme Court of Texas: Home equity loans may be modified, so long as doesn't satisfy and replace old note, or additional debt incurred. Sims v. Carrington Mortgage Service, LLC Sims v. Carrington Mortgage Service, LLC. Texas Supreme Court: Loan modifications of home equity loans are permissible under Texas Constitution. -
Deutsche Bank Trust Company looses mortgage because time-barred; can't unilaterally rescind acceleration of mortgage after homeowner relies on acceleration Callan v Deutsche Bank Trust Company: Bank can't unilaterally rescind acceleration to avoid loss of mortgage after detrimental reliance by homeowner -
Ramirez v. Mr. Transmission; Repo'd Houston Truck Must Be Returned After Chapter 13 Filed Repossessed Houston Truck Must Be Returned After Chapter 13 Filed, and if it was damaged while the recovery company had it, they are liable to pay for damages -
May 2014 Client Bulletin - In re Reeves - Chapter 13 Debtors Must Amend Schedules During Case for Changes May 2014 - In re Reeves - Chapter 13 Debtors Must Amend Schedules During Case for Changes -
April 2014 Client Bulletin - Own Real Estate in Harris County, Texas? Better Be Sitting Down When You Open Your Tax Appraisal! April 2014 - Own Real Estate in Harris County, Texas? Better Be Sitting Down When You Open Your Tax Appraisal! -
5th Circuit Court holds case filed late, FCRA case for impermissible credit pull time-barred if not filed within 2 years of discovery 5th Circuit Court: Must sue under FCRA for impermissible credit pull within 2 years of discovery, or case is time-barred. Mack v. Equable Ascent Financial, 2014 -
5th Cir: Matter of Kim case holds that a non-debtor spouse in Texas can lose their homestead rights in their spouse's bankruptcy filing per 11 U.S.C. Sec. 522(p) In the Matter of Kim, 5th Cir. 2014; non-debtor spouse in Texas can lose homestead rights in spouse's bankruptcy filing per 11 U.S.C. Sec. 522(p) -
Martins v. BAC Home Loans Servicing, 5th Cir.- No "Wet Ink" signature Martins v. BAC Home Loans Servicing, 5th Cir., 2013- No "Wet Ink" signature required on mortgage note under Texas law; also "split the note" theory discredited -
Martins v. BAC Home Loans Servicing, L.P.; Texas law does not require showing of "wet ink" original signature on promissory note Martins v. BAC Home Loans Servicing, L.P.; Texas law does not require showing of "wet ink" original signature on promissory note; "split the note" discredited -
Houston BK Court: no equity, no post-petition, pre-confirmation fees Houston Bankruptcy Judge David Jones ruled that under Bankruptcy Rule 3002.1, undersecured creditor not entitled to post-petition, pre-confirmation fees -
Houston Bankruptcy court holds that no post-petition, pre-confirmation attorney fees or costs allowed to principal residence mortgage creditor where they have under-secured claim per Rule 3002.1 In re Fuentes, US Bankruptcy Court, SD Texas 2014; no post-petition, pre-confirmation attorney fees or costs allowed to creditor where have under-secured claim -
March 2014 Client Bulletin - Sell Your Texas-Exempted Home During bankruptcy, Must Reinvest Proceeds or You Could Lose Your Equity, Says Appeals Court March 2014 Client Bulletin - 5th Circuit Frost Decision - Sell your Texas-Exempted Homestead During Bankruptcy, May Lose Your Equity if don't buy new homestead -
Matter of Frost 5th Circuit 2014: Selling Texas-exempted home during bankruptcy without new purchase can result in loss of equity. 5th Circuit Matter of Frost decision; Selling homestead during bankruptcy that was exempted under Texas law without new purchase can result in loss of equity. -
Teresa Giudice and Joe Giudice Indictment - Real Housewives of New Jersey Star indictment for federal felony charges including bankruptcy fraud and false oaths Teresa Giudice and Joe Giudice Indictment - Real Housewives of New Jersey Star indicted for federal felony charges including bankruptcy fraud and false oaths -
Law v. Siegel, U.S. Supreme Court 2014; bankruptcy court cannot surcharge exemptions as a court-ordered sanction Law v Siegel, US Supreme Court decision, bankruptcy court cannot surcharge exemptions to pay court-ordered sanctions -
U.S. Bankruptcy Chief Judge Jeff Bohm rules that chapter 13 debtors may pay off plan early and receive discharge In re Ruth, Houston bankruptcy court rules that chapter 13 debtors may pay off plan early and receive discharge -
In re Ruth, Bankr. SD Texas-Chapter 13 debtors can pay off plan early. In re Ruth, Houston chapter 13 bankruptcy debtors can pay off plan early and receive discharge -
Parent Plus Loans can be dangerous loan products for borrowers If you are considering a Parent PLUS loan to help your college student, think hard about it says NCLC in recent post