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What Credit Card Debtors Should Know About The Statute Of Limitations

Credit Card lenders and their debt collectors have a limited amount of time to sue debtors for failing to repay credit card debt.  In the state of Texas, the statute of limitations for open ended type debts such as a credit card is four years.  A debt collector pursuing a debtor for payment on a [...]

By |2018-11-16T06:44:09+00:00June 2nd, 2010|Credit Card Negotiation, Credit Counseling, Debt Collectors, Lawsuits, Managing Your Finances|Comments Off on What Credit Card Debtors Should Know About The Statute Of Limitations

Three Reasons Why Waiting For Debts To Disappear Is A Bad Financial Strategy

It can happen to the best of us-we lose a job, fall on hard times and our bills go unpaid.  But many of us opt to simply ignore our debts instead of coming up with a plan to either repay them or make them go away legally.  Many of us mistakenly believe that debts will [...]

By |2018-11-16T21:27:04+00:00June 1st, 2010|Bankruptcy, Debt Collectors, Economy, Lawsuits, Managing Your Finances, Tax - Debt Garnishments, Unemployment - Job Loss|Comments Off on Three Reasons Why Waiting For Debts To Disappear Is A Bad Financial Strategy

Bankruptcy Court Rules That Debtors Did Not Abandon Their Home

In the Chapter 13 bankruptcy case of Curry, James K. and Diana M.; In re, a bankruptcy court overruled a bankruptcy trustee who tried to revoke the debtors' homestead exemption by claiming they had abandoned their home. The details of the bankruptcy case: The Chapter 13 debtors owned a home in Pleasanton, Kan., but lived [...]

By |2018-11-16T23:01:40+00:00May 31st, 2010|Bankruptcy, Chapter 13 Bankruptcy, Lawsuits|Comments Off on Bankruptcy Court Rules That Debtors Did Not Abandon Their Home

Why Filing Bankruptcy Without An Attorney Could Be Costly

Both Chapter 7 bankruptcy and Chapter 13 bankruptcy are complex legal systems that require in-depth knowledge of the law.  Oftentimes, individuals attempting to file bankruptcy without the help of a bankruptcy attorney make mistakes that can cause them to have their case dismissed or even land them in prison (in the case of bankruptcy fraud). [...]

By |2018-11-16T23:37:40+00:00May 29th, 2010|Bankruptcy, Lawsuits|Comments Off on Why Filing Bankruptcy Without An Attorney Could Be Costly

Homeowner Association Foreclosures Becoming More Common In Texas

The number of foreclosures filed by homeowner associations (HOAs) and home equity lenders has risen dramatically this year. Already 350 Dallas-Fort Worth area homes are facing foreclosure sale in May because the owners owe money to homeowners associations or home equity lenders. "Especially from the homeowners associations, we have seen significant increases in postings," said [...]

By |2018-11-09T22:10:15+00:00May 25th, 2010|Bankruptcy, Economy, Foreclosures, Lawsuits, Loans / Mortgages, Managing Your Finances|Comments Off on Homeowner Association Foreclosures Becoming More Common In Texas

Bankruptcy Court Finds Creditors To Be In Contempt For Violating Discharge

In the bankruptcy case of Jarvar, Stanley E. and Barbara J.; In re (Jarvar v. Title Cash of Montana Inc., et al.), the bankruptcy court found Title Cash (the creditors) to be in civil contempt for violating the bankruptcy discharge. The details of the bankruptcy case: The debtor filed for Chapter 13 relief on Nov. [...]

By |2018-11-12T22:44:02+00:00May 21st, 2010|After Bankruptcy, Bankruptcy, Chapter 13 Bankruptcy, Chapter 7 Bankruptcy, Lawsuits|Comments Off on Bankruptcy Court Finds Creditors To Be In Contempt For Violating Discharge

Failure To Follow Proper Bankruptcy Procedures Can Be Costly

In the Chapter 13 bankruptcy case of Wilson, David M. and Jamie M.; In re, the bankruptcy court denied the debtors' objection to a creditor's proof of claim and the bankruptcy plan was not confirmed. The details of the bankruptcy case: The Chapter 13 debtors said that there were two claims secured by their home. [...]

By |2018-11-14T22:32:23+00:00May 19th, 2010|Bankruptcy, Chapter 13 Bankruptcy, Lawsuits, Loans / Mortgages|Comments Off on Failure To Follow Proper Bankruptcy Procedures Can Be Costly

A Cautionary Tale For Potential Real Estate Buyers

In the bankruptcy case of O'Brien, Patrick S. and Denise L.; In re (Jensen v. O'Brien), a land buyer may lose his investment because of failing to practice due diligence before buying the land. The details of the bankruptcy case: The plaintiff agreed to buy real estate that the debtors listed for sale on the [...]

By |2018-11-16T23:45:43+00:00May 19th, 2010|Bankruptcy, Economy, Lawsuits, Loans / Mortgages, Managing Your Finances|Comments Off on A Cautionary Tale For Potential Real Estate Buyers

Using Bankruptcy To Avoid Child Support Prohibited

In the bankruptcy case of Larsen, David M.; In re, the bankruptcy court refused to redirect the debtor's funds held by a state court for the support of the debtor's minor children to other creditors. The details of the bankruptcy case: The debtor's former wife filed for divorce in 1999. During those proceedings, the debtor [...]

By |2018-11-14T19:02:24+00:00May 18th, 2010|Bankruptcy, Bankruptcy Dismissal, Bankruptcy Fraud, Divorce and Bankruptcy, Lawsuits|Comments Off on Using Bankruptcy To Avoid Child Support Prohibited

States Can File Objection To Bankruptcy Plan On Behalf Of Domestic Support Claimant

In the Chapter 13 bankruptcy case of Trupp, Douglas; In re, the bankruptcy court partially sustained an objection to the confirmation of a debtor's Chapter 13 bankruptcy plan. The details of the bankruptcy case: In the debtor's Chapter 13 case, the Arizona Department of Economic Security filed a priority claim in the amount of $106,607 [...]

By |2018-11-16T22:42:00+00:00May 17th, 2010|Bankruptcy, Chapter 13 Bankruptcy, Economy, Lawsuits, Tax - Debt Garnishments|Comments Off on States Can File Objection To Bankruptcy Plan On Behalf Of Domestic Support Claimant