According to an article in the Star-Telegram, Texas Health Resources is implementing its third round of job losses this year.  More than 100 Texas Health Resources employees have suffered job losses this year, including 23 workers at the Texas Health Harris Methodist Hospital Fort Worth.

The article said:

“The layoffs, announced to employees on Sept. 8, are an attempt to adjust the company’s work force to changing demands for …

Tags: Health care Texas Health Resources United States

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According to a story by the Star Telegram Dallas- Fort Worth ’s job losses grow as Texas Health Resources lays off 49 healthcare workers throughout Texas. Texas Health Resources, which operates 13 hospitals and employs more than 18,000 people, says the layoffs were caused by a drop in the number of people seeking medical care because of the economic recession. According to Texas Health Resources, people are delaying non-urgent medical tests and elective surgeries because of …

Comment author: Health

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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 …

Tags: Bankruptcy Divorce Law Lawyers and Law Firms Texas

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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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… , 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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The Texas Tomorrow Fund (now known as the Texas Guaranteed Tuition Plan) which allowed parents to prepay for tuition at locked-in rates is facing bankruptcy.  The now-closed fund, also promised that if a child dies or received a full scholarship, parents could cancel the contact and receive a payout based on current tuition and fees at public universities.  Sounds like a sweet deal?  The only …

Tags: Colleges and Universities Education Education Reform Texas Texas Tomorrow Fund Tuition

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The Dallas Morning News reports that in 2009 Texas will allow senior citizens with long-term healthcare insurance to keep more of their personal savings if they need to use Medicaid. Texas insurance officials will offer “private partnership policies” that will offer asset matching protection for those who purchase long-term healthcare insurance. For every dollar an individual uses in coverage from a long-term healthcare insurance …

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… 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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In an effort to replenish the Texas unemployment insurance fund, the Texas Workforce Commission has announced that next year two-thirds of Texas businesses will pay nearly three times the unemployment benefits tax they paid this year.

Businesses that pay the minimum state unemployment tax will owe nearly $65 per worker in 2010, up from about $23 this year. Under Texas’ unemployment insurance system, the minimum tax is …

Tags: Employment Insurance Recession Texas Trust Fund Unemployment

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… Here are seven facts that should help you avoid a vehicle repossession disaster:

Repo men in Texas do not need a license to operate. Unfortunately for debtors facing car repossession this can mean dealing with a Texas repo man could prove more risky.  Keep this in mind when you think about “reasoning” or “arguing” with a repo man. If a repo man has come to repossess you vehicle, it is best not to argue or resist. You may be able to get your vehicle …

Tags: Bankruptcy Finance Law Repossession Texas

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According to an article in the Dallas Morning News, Parents who invested in Texas’ prepaid tuition plan to pay for their child’s education and avoid student loans may be out of luck after November 30, 2009. On November 30 th new rules governing the program take effect that will change the way the Texas Guaranteed Tuition Plan calculates refunds.

The article said:

“The plan, which started selling contracts in 1996 as the Texas Tomorrow Fund, gave families …

Tags: Student loan Texas Tomorrow Fund Tuition

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… Dallas Morning News, Pennsylvania’s attorney general is suing Turbine Airfoil Designs, Inc. a Texas company, for allegedly not paying employees’ health insurance premiums for five months despite the fact that the company was deducting a portion of the employees’ paychecks for health insurance.  Because of the company’s failure to pay the insurance, Capital BlueCross retroactively canceled coverage, leaving many employees with tens of thousands of dollars in unpaid medical debt. …

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