Category Archives: Interest

Where Do I File Bankruptcy Near Plano, Texas?

If you reside in one of the cities listed below in Collin, Cooke, Denton or Grayson Counties, you must file your bankruptcy case in the Eastern District of Texas, Sherman Division, located at 660 North Central Expressway, Suite 300B, Plano, TX 75074.
Anna
Blue Ridge
Denton
Frisco
Gainesville
Little Elm
McKinney
Plano
The Plano bankruptcy court is in the Wells Fargo Bank building on […]

U.S. Senate Votes Against Mortgage Modification Cramdown

April 30, 2009 by senatus Senators have defeated an amendment offered by Senator Dick Durbin (D-IL) to the Helping Families Save Their Homes Act (S. 896) by a vote of 45 to 51. It was subject to a 60-vote threshold. This is the so-called “cramdown” amendment which would allow bankruptcy judges to modify mortgage […]

Cram Down In A New Light: What Does It Mean Under The New Law?

This article is limited to a cram down of an automobile, such as a car or truck in a Chapter 13 bankruptcy case.  The Bankruptcy Code in its current version has at least two statutes for Chapter 13 cram downs.   The first statute is 11 U.S.C. Section 506.  This section allows the debtor […]

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 […]

HOW SENATE BILL 61 WOULD SAVE HOMES FROM FORECLOSURE AT NO COST TO TAXPAYERS

HOW SENATE BILL 61 WOULD SAVE HOMES FROM FORECLOSURE AT NO COST TO TAXPAYERS

How big is the home foreclosure problem now?
Our country is facing a foreclosure crisis that is unprecedented. Home mortgage
payments have risen dramatically in the last few years, making it impossible for more and
more homeowners to afford to keep their homes. More than 6,600 family […]