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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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.
"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
5th Circuit Court rules that under Texas law, IRA cashed in during bankruptcy and not rolled into another IRA within 60 days may be taken by Trustee
Owe military bonus, incentive or special pay? It may not be dischargeable in bankruptcy Military bonus pay, military incentive pay and military special pay can't be discharged in bankruptcy for 5 years after the termination of the contract
5th Circuit: Appeal can only be described as "chutzpah" Matter of Krueger, 5th Cir. 2016. Bankruptcy or district court can dismiss a bankruptcy case under 707(a) only after notice and hearing and only "for cause."
Lost job in oil business in Houston? Bankruptcy can be fresh start. If you have lost your oil & gas job in the Houston, Texas area, we offer consumer bankruptcy services for chapter 7 and chapter 13 bankruptcy.
Transfer exempt property with fraudulent intent, discharge denied says Houston bankruptcy court A Houston debtor transferred I.R.A. funds to a business account to keep them from being garnished. U.S. Bankruptcy Judge Bohm ruled that discharge be denied
Houston woman has bankruptcy discharge revoked for fraud Houston U.S. Bankruptcy Judge Marvin Isgur revoked the discharge of a Houston real estate agent, for failing to disclose assets.
Supreme Court rules that debtor is entitled to return of post-petition wages not already disbursed by the chapter 13 trustee when they convert to chapter 7 Unanimous U.S. Supreme Court sides with debtors, says undistributed chapter 13 money goes to debtors if they convert to chapter 7 in good faith
I.R.A. distribution during a bankruptcy can be seized if not rolled over within 60 days. Houston Bankruptcy Judge Bohm rules in In re Hawk case that I.R.A. distribution during a bankruptcy is not exempt under Texas law, if not rolled over within 60 days.
Houston bankruptcy court: mortgage statements violate discharge Caliber Home Loans sending monthly mortgage statements to discharged debtor violates bankruptcy discharge, says Houston bankruptcy judge Marvin Isgur
Judgment liens against your Texas home can be cancelled in bankruptcy If you file chapter 7 or chapter 13 bankruptcy in Texas, a motion to avoid lien can be filed to "avoid" or cancel any judgment liens against your homestead
100 Collie dogs removed from bankrupt owner per Houston bankruptcy court order A Houston bankruptcy judge ordered the removal of about 100 neglected collie dogs and turned over to Houston Collie Rescue
U.S. District Court in Houston, Texas affirms removal of W. Steve Smith as Trustee Chapter 7 Trustees can be removed for breach of trust and for attempting to convert assets from the bankruptcy estate. But it is quite rare.
Sell Texas homestead before chapter 7 bankruptcy case closed, may lose proceeds, says Houston BK Judge Bohm Recent 5th Circuit decision Matter of Frost extended to chapter 7 cases. Texas homesteads exempt, but once sold, proceeds only safe from creditors for 6 months.
Houston bankruptcy judge denies sanctions for evidence spoilation on Iphone Spoliation is “‘the destruction of evidence [or the] destruction, or the significant and meaningful alteration of a document or instrument.’” Brewer v. Dowling, 862 S.W.2d 156,158 n.2 (Tex. App.—Fort Worth 1993, writ denied) (quoting Black's Law Dictionary 1257 (5th ed. 1979)).
U.S. Supreme Court: Inherited IRA's not exempt under federal exemptions Inherited IRA's are those that you have inherited from a deceased relative or friend. In Texas, they can be claimed as exempt under state law.
Texas rural homestead can be in one or more parcels of land To be safe from seizure by creditors, Texas law permits a single person to claim 100 acres and all improvements as exempt in a rural area, 200 acres for family
New website for bankruptcy trustees to sell estate assets www.marketassetsforsale.com is a new website set up by the National Association of Bankruptcy Trustees (NABT) to help bankruptcy trustees sell property

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