Texas News about Debt and Financial Issues
We have created this collection of news stories that relate to Texas bankruptcy and debt relief. By reading the stories of other people just like you, we hope you may find some solutions to your problems and peace of mind in knowing that you are not alone. Learn more about student loans and IRS debt discharges here.
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Mortgage company must re-accelerate after rescission of acceleration says 5th Circuit To have a valid Texas foreclosure, a mortgage company must re-accelerate the loan, if they have previously rescinded acceleration -
Court-appointed receiver take your money? Bankruptcy may allow you to recover it. Court-appointed receivers in the Houston, Texas area can contact your banks and have them turn over your money, if they have a judgment against you. -
I.R.S. Trust Fund Recovery Penalty-now charging criminally I.R.S. Trust Fund Recovery Penalty -now emphasizing criminal in Houston. 26 U.S.C. Section 6672 is civil liability, 26 U.S.C Section 7202 makes it criminal. -
A Texan can file bankruptcy, sell home and keep the money A Texan can file chapter 7 bankruptcy, claim their homestead as exempt, and later sell the home and keep the money without having to revest in another home. -
U.S. Bankruptcy Judge Jeffrey P. Norman appointed for Houston Division of Southern District of Texas Bankruptcy Judge Hon. Jeffrey P. Norman appointed as new bankruptcy judge for Houston, Texas -
U.S. Bankruptcy Judge Karen K. Brown retires U.S. Bankruptcy Judge Karen K. Brown retires after 27 years on the bench in Houston, Texas bankruptcy court. -
"National" consumer bankruptcy firm sanctioned by court National consumer bankruptcy lawyer Upright Law sanctioned by a Virginia Bankruptcy court and enjoined (stopped) from practicing law in that district -
State court sanctions held nondischargeable by Houston court State court sanctions held nondischargeable by HoustonTexas bankruptcy judge Marvin Isgur -
U.S. Supreme Court denies cert on Tower Credit v Schott U.S. Supreme Court denies cert on Tower Credit v Schott preference decision, finding that date wages are earned determines date for preference recovery purposes -
Peake v. Ayobami (5th Cir. 2018) May a debtor claim 100%? Peake v. Ayobami (5th Cir. 2018) Certified question to 5th Circuit - May a debtor claiming federal exemptions ever exempt a 100% interest in an asset? -
Internal Revenue Service to begin revoking passports Internal Revenue Service to begin revoking passports and denying issuance of passports to seriously delinquent taxpayers -
Owe IRS more than $50,000? May have passport revoked! If you owe the I.R.S. more than $50,000 you may find your U.S. passport revoke or its issuance denied, beginning January 1, 2018. -
Chapter 11 quarterly fees increase for big cases Chapter 11 quarterly fees increase for big cases. Houston, Texas and Clear Lake, Texas chapter 11 cases will become more costly, but only for the largest cases. -
Chapter 13 debtors can now transfer real estate to satisfy mortgages and other liens New chapter 13 plan in Houston Texas permits debtors to exchange "dirt for debt" and satisfy liens against real property by transferring property -
Does your Texas LLC or corporation need to file bankruptcy? If your Texas LLC or Texas corporation has failed or is failing, it may or may not need to file bankruptcy. It depends on several factors. -
Houston Bankruptcy Court issues Hurricane Harvey Order Houston Bankruptcy Court issues the Fourth Hurricane Harvey General Order - Some Relief for Chapter 13 Debtors affected by Hurricane Harvey -
Mortgage-related disaster relief available for Houston, Texas Hurricane Harvey survivors Mortgage-related disaster relief available for Hurricane Harvey survivors in Houston, Texas -
Acquire exempt property during chapter 13? May not be safe! Exempt assets acquired during chapter 13 case may have to be used to pay creditors. In re Ortiz-Peredo, 17-50814 (Bankr. W.D. Tex. July 18, 2017). -
Jury Punishes Houston Debt Buyer with $25 Million Judgment State of Texas sued Houston Attorney and debt buyer Joseph Onwuteaka and the jury found that he had violated Texas state consumer protection laws that require debt collection lawsuits to be filed in the county where the person lives or the loan documents were signed.