According to an article in the Dallas Morning News, Texas Attorney General Greg Abbott successfully argued that Debt Relief USA’s bankruptcy case should be converted from a reorganization to a liquidation, increasing the chances of recovering $4.6 million owed to former customers of Debt Relief USA.

The article said:

“Debt Relief USA promised to help consumers with large debts by having customers pay the company instead of paying …

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Texas Attorney General Greg Abbott is proposing that mortgage loan servicers be required to give homeowners 45 days to fix a loan default before the home is put up for foreclosure auction. Currently the law only gives homeowners facing foreclosure 20 days to fix a loan default. But if Attorney Abbott’s proposal is approved, mortgage lenders would have to prove that they made legitimate …

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… proceedings if you already know you’re going to file for bankruptcy.  A recent case here in Texas demonstrates that failing to disclose your intention to file for bankruptcy during the course of divorce proceedings can make you liable for those divorce-related debts such as alimony on the basis of fraud.

In Anderson v. Wendt (In re Wendt), Adv. No. 05-3941 (Bankr. S.D. Tex. 2007), the Court found that Mr. Wendt was obligated to inform the plaintiff, Mrs. Wendt, about his intentions to …

Comment by Jacob Decker: … bankruptcy attorney.

Tags: Bankruptcy Divorce Law Lawyers and Law Firms Texas

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According to an article in the Dallas Morning News, Texas Attorney General Greg Abbott is challenging post- bankruptcy plans GM has for its car dealerships. Abbott says he objects to GM bankruptcy plans for its dealerships because the plans violate Texas laws regulating dealer competition.

The article said:

Abbott said his concerns relate to GM’s proposed dealership agreements, which dealers must sign to keep selling GM cars. He …

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… agency relating to the credit worthiness, credit standing, credit capacity, debts, character, general reputation, personal characteristics, or mode of living of a consumer that is used or expected to be used or collected, wholly or partly, as a factor in establishing the consumer’s eligibility for credit or insurance for personal, family, or household purposes, employment purposes.”  A consumer report can contain information about how you pay your bills, information from a former …

Tags: Business Financial Planning Financial services Texas Attorney General

… a $183 million loan.  This dollar figure equates to the largest commercial foreclosure in North Texas in more than 20 years.  The bank is seeking a forced sale on the property on February 2 nd.

BentleyForbes, the owner of the property, has been disputing with the loan holders since the fall of 2009.  At that time, the owners failed to make a scheduled debt payment, and insiders say the missed payment was a tactical move by the owners.  The owners wanted to send a message to the lender …

Tags: Bankruptcy Bentley Forbes Byron Nelson foreclosure Four Seasons Recession Texas Bankruptcy

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… , implemented 230 corporate and administrative job losses, including 160 job losses in East Texas.

“We operate a lean corporate structure,” said spokesman Chandler Keys. “One of the main goals is to make sure we don’t have layers of bureaucracy.”

While more job losses aren’t currently planned, Keys did not rule out additional job losses in the future.  As part of Pilgrim’s Pride’s Chapter 11 bankruptcy restructuring, the company has agreed to merge with the …

Comment author: Tweets that mention Pilgrim’s Pride’s Post Bankruptcy Moves Include Texas Job Losses | Reed’s Bankruptcy Blog — Topsy.com

Comment by Tweets that mention Pilgrim’s Pride’s Post Bankruptcy Moves Include Texas Job Losses | Reed’s Bankruptcy Blog — Topsy.com: … Moves Include Texas Job Losses http://bit.ly/4pDjMs …

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According to an article in the Star-Telegram, the Texas unemployment rate hit 8 percent for the first time in 22 years.  The last time the state experienced unemployment numbers that high was during the 1980’s oil bust.  But despite Texas’ high unemployment rate, the state is still fairing better than the country as a whole, which has an unemployment rate of 9.7 percent.

The article said:

“Despite our strong Texas economic …

Comment by Pamela: I have lived in Texas all of my life and as of Thursday …

Tags: Texas Unemployment

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Get bankruptcy information from a qualified attorney.

Everyone likes to learn new ways to save money.  Several web sites are dedicated to groups of people sharing ideas and giving pointers on the latest sales, the best coupon, or how to make family time fun on a budget.  Each of these is chalked full of good advice on general topics.  However, a thread on one of them concerned me last month.  A wife posted a request for more …

Comment by Jacob Sparks: … vary and Texas is a very debtor-friendly state …

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… file for bankruptcy and have done your due diligence to find a competent, experienced bankruptcy attorney to represent you.  Bravo!  You’re understandably nervous about the process and wondering what the next step is.  It’s actually easier than you think.  The number one rule of thumb is–be honest.  Honesty truly is the best policy when it comes to declaring bankruptcy.

In order to represent you effectively, your attorney is going to need to know everything about your financial …

Comment by Jacob Sparks: … then their attorney can arm them with information …

Category: Bankruptcy , Dallas Bankruptcy , Fort Worth Attorney

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… at a rate that’s outpacing many other states. In the 2nd quarter of 2009, more than one in ten Texas mortgages were either late or already in foreclosure and Texas ranked 17th nationally among states ranked by the percentage of late mortgage payments.

The article said:

“Nationwide, a record 9.24 percent of residential loans were delinquent in the quarter. The closely watched measure includes all mortgages that are at least one payment behind… In Texas, the greatest share of loans …

Comment by Jim Ince: … a bankruptcy attorney. It is not too late to stop a …

Category: Breaking News , Foreclosures , Fort Worth Attorney

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… crisis.

In the same respect, when you are overwhelmed by a financial crisis, a good bankruptcy attorney will provide the same type of service.  You don’t have to be antagonized by a bill collector.  You don’t have to dread the trip to the post office hoping to find junk mail instead of a certified letter from your mortgage company.  When you hire a bankruptcy attorney, they become your debt crisis case manager and advocate.  They deal with the debt collectors and the mortgage …

Category: Dallas Attorney , Fort Worth Attorney , Repossessions

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