Category Archives: Exemptions

Bankruptcy Is Our Country’s Safety Net

BANKRUPTCY IS COUNTRY’S SAFETY NET
Wall Street Journal, July 24 2009
There’s a surge in personal bankruptcy filings at the moment, for obvious reasons. Some 30,000 Americans are filing each week, and the figures could top 1.4 million for the year.
But too many people are talking about bankruptcy as if it’s a sign this country’s social safety […]

Property of the Bankruptcy Estate - State & Federal Exemptions

A bankruptcy case is made up of the debtor’s interest in property and the debtor’s debts.  Before the debtor’s bankruptcy case is filed, the debtor provides his or her attorney with information to enable the debtor’s attorney to prepare the debtor’s schedules of property, debt, income and expenses for electronically filing the debtor’s bankruptcy case.  […]

North East Texas Bankruptcy Lawyer: Bankruptcy Overview-A Plan To Pay Creditors, Discharge Debt And Stop Forelcosure And Repossessions

By North East Texas Bankruptcy Attorney Brian Allen.  Bankruptcy law allows a debtor, who is unable to pay his creditors, to file for bankruptcy protection to stop creditors from collecting from the debtor and the debtor’s property (foreclosure, repossessions).  Chapter 11, 12, and 13 provide for the development of a plan that allows the debtor time […]

PLEASE CALL & EMAIL YOUR SENATORS NOW TO SUPPORT S. 61 SAVE OUR HOMES FROM THE BANKS

Stop whatever you are doing, gather staff, family, and friends, and take the one minute needed to have everyone you know do the following:
Phone AND email your Senator.  Say:
“Hi, I’m [Name] and I live in [town]
I’m calling to urge Senator  ___ to vote for S. 61.
Senator  ____ should stand up to the big banks and support […]

What Amount Of Equity Is Protected In A Debtor’s Recently Purchased Homestead?

This question was recently answered by the United States Bankruptcy Court for the Western District of Texas in a decision by Judge Frank Monroe entitled In re Fehmel , Case No. 07-60831 (Bankr. W.D. Tex 5/22/08).
Texas is a state that tries to protect all of the equity of a home of a person or family […]