The Star-Telegram has announced a free foreclosure prevention workshop.
Date: Saturday, November 7, 2009.
Time: 9am – 2pm
Location: Dallas Convention Center, 650 S. Griffin St.
The workshop is designed to help homeowners facing foreclosure discover their options for preventing foreclosure.  Homeowners will also have an opportunity to meet with their mortgage servicing company and/or a housing counselor to [...]

When debtors consider filing bankruptcy, they need to make sure that they plan carefully and work with a qualified bankruptcy attorney to make sure they are doing everything within the law.
Here’s what you should do to prepare for your bankruptcy:

Gather all of your financial documents. That includes pay stubs, creditor [...]

The recession has been hard on retirees for a number of different reasons, but at least they have a good option to turn to.

According to an article in Newsweek, the “over-55 crowd” is now the most likely to file for bankruptcy.  A confluence of events lead to this, and here are some of the causes: [...]

Domestic abuse on the rise in Dallas-Fort Worth Area

Even under the best of circumstances, things happen that can strain the best of marriages.  The recession hasn’t helped the strain.   Most news reports focus on debt relief as some type of numbers game…what you have to do to get out of debt and a bottom line [...]

According to an article in the Dallas Morning News, the foreclosure crisis is still depressing Dallas-Fort Worth home prices, which have decreased 1.2 percent in August from a year ago.  Many analysts are considering that an improvement. However, before the foreclosure crisis, Dallas-Fort Worth home prices had reached their peak in June 2007 and have [...]

For debtors considering Chapter 7 bankruptcy, determining if their income level makes them eligible for Chapter 7 bankruptcy involves taking a “means test.”  Typically, debtors who earn above the median income level for their family size must file Chapter 13 bankruptcy.
The median income for Texas is:
One person: $38,545
Two people: $54,908
Three people: $57,053
Four people: [...]

According to an article in the Star-Telegram, the number of foreclosures in Tarrant County have increased by 35 percent since November 2008.
The article said:
“At this pace, and with only December’s postings remaining to be filed, I fully expect D-FW residential postings for 2009 to top 60,000, which will be an all-time record high,” Roddy said [...]

In the bankruptcy case of Roe, Paul E. and Tara L.; In re, the debtor was denied a bankruptcy discharge of $35,000 of debt because of unjust enrichment.
The details of the bankruptcy case:
“The debtor had a relationship with the plaintiff since childhood. The plaintiff was 48 years old, had an IQ of 56 and the [...]

According to an article in the Wall Street Journal, revenues received by heirs of the Howard Hughes estate are caught in bankruptcy limbo because land that generates profits for the heirs is entangled in the General Growth Chapter 11 bankruptcy. When Hughes died in 1976, he was childless and without a will so his estate [...]

This financial crisis has brought on a slew of bank failures, credit card divestment and general changes to the lending landscape.  Already, 2009 has seen nearly 100 bank failures and numerous acquisitions and sales of credit card brands. But how do all these changes affect your credit card?  Let’s take a look:

The terms and conditions [...]

According to an article in the Star-Telegram, Margaux Development has filed for Chapter 11 bankruptcy in an attempt to reorganize its real estate partnerships, including Margaux Westover Partners which owns the 35-acre Margaux Westover Village at the southeast corner of Green Oaks Road and Texas 183. In its bankruptcy filing, Margaux Westover Partners lists its [...]

According to an article in the Star-Telegram, as more business face the possibility of bankruptcy because of falling revenue, retailers around the country are following the marketing trend created by the federal government–”cash for clunkers” type sales gimmicks are being offered for just about any type of product you can imagine.
The article said:
“Cash for Clunkers [...]