Jun29
The automatic stay is really the foundation upon which bankruptcy is build.
You have heard of an injunction. It is a process or order of a court (a judge) that requires a person or company or corporation or a creditor to whom it is directed to do a particular act or to refrain from doing […]
Jun29
I personally think we are in a recession. And, I think it is hitting people in a more rural area like North Texas. All major economic indicators indicate our economy is getting worse. We all have to prepare. Here is a good video that describes that our recession is fueled by […]
Jun29
The Fifth Circuit Federal Court of Appeals (the federal appeals court for Texas, Louisiana, and Mississippi) has published an opinion that the Supreme Court’s decision in Till v. SCS Credit Corp., 541 U.S. 465 (2004) did not change the interest rate Chapter 13 debtors had to pay their secured creditors. Before and after the new […]
Jun29
As stated on HuffPo, while banks are scrambling for recover, the Fed is repeatedly cutting interest rates, the pawn shop business is booming. What this likely means for the United States economy is not good. What it means for those trying to avoid bankruptcy is likely worse. After a while people will […]
Jun29
We have all heard about the personal trauma of a person or family needing to file bankruptcy because they cannot pay all of their bills. They need to file in order to prioritize what has to be paid. They need to protection of the bankruptcy court in order for their creditors to understand […]
