Have you noticed the commercial centers near you growing a little quieter lately?  If so, you’re not alone.  Commercial real estate nationwide has taken a beating that has many experts fearing the worse.  Vacancy rates have soared while rents have hit rock bottom. And many property owners are struggling to avoid foreclosure. Some have even [...]

In the bankruptcy case of White, Terry P.; In re, the bankruptcy court overruled a debtor’s objection to his ex-wife’s claim.
The details of the bankruptcy case:
“When the debtor and his wife divorced, he received the family home and was ordered to pay his wife $30,000 out of the proceeds from the property’s sale. She [...]

Lawmakers concerned that change is not fast enough for the crisis.
The foreclosure crisis is still wreaking havoc on communities.  The Star Telegram published updated foreclosure statistics this week.  The article noted the highs and lows, stating that, “Residential foreclosure postings for the August Tarrant County auction are down significantly from the July 7 auction, but [...]

In the bankruptcy case of Raeder, Nathaniel F.; In re (Harrold v. Raeder), the bankruptcy court ruled that the plaintiff’s claim was not excepted from bankruptcy discharge.
The details of the bankruptcy case:
In 2003, due to a broken shoulder and the inability to move around or write, the debtor’s mother (the plaintiff) had delegated to her [...]

Divorce can often be a big factor when people are making the tough decision whether or not to file for bankruptcy.  Sometimes, divorce is the cause of the financial hardship leading the individual toward bankruptcy.  Other times, individuals need to know what the requirements are when it comes to divorce settlement proceedings if you already [...]

According to an article in the Star-Telegram, America’s foreclosure crisis is hitting cities hard, forcing them to cut back on services and implement job losses. Unfortunately, Dallas-Fort Worth is amongst the foreclosure casualties.
The article said:
“…NLC research director Christopher Hoene warned that cities including Los Angeles, Dallas and Chicago have explored cuts to public safety as [...]

Funding shortages and higher volume taxing manpower of the TWC.
According to the Star Telegram and the Texas Workforce Commission, unemployment claims paid through TWC have more than doubled since 2008.  The increase in the number of filings is adding even more pressure to the already stressed TWC.  According to the article, the TWC has lost [...]

According to an article in the Dallas Morning News, Dallas-Fort Worth’s hotel industry has hit a rough patch, occupancy rates are way down and if things don’t improve soon some area hotels may be heading to bankruptcy.
The article said:
“For the first six months of 2009, demand was off by 10.9 percent, occupancy by 12.4 percent, [...]

Although the bankruptcy court is a federal court, each state has its own individual set of bankruptcy exemptions.  Exemptions are laws outlining what you can, and cannot keep in a bankruptcy case.  If you live in the Dallas area, great! In Texas, there is no cap on your home value exemption – meaning, if you [...]

Reaffirmation is where you consent to paying back all or part of a debt even though you may not have had to.
Before the 1978 Bankruptcy Code put an end to it, creditors used to trick debtors into reaffirming their debts.  The process of tricking debtors isn’t as complicated as you would think, because all the [...]

A study by AOL Health and the Associated Press shows that as debt related stress raises, your health decreases.
Debt is a useful tool that nearly everyone uses.  Debts can range from credit cards, student loans, mortgages, 401K loans, home equity lines of credit, car payments, etc.  Some types of debt have actually proven to be [...]

Many debtors are unsure about whether it’s time to file bankruptcy or if they have a fighting chance to handle their debts alone without the force of the bankruptcy law.  Below is a list of questions you can ask yourself to determine if it is time for you to make an appointment with your Dallas-Fort [...]