According to an article in Bloomberg, more Americans filed bankruptcy in October than in any month since changes to the U.S. bankruptcy code were put in place in 2005.  In the month of October alone, bankruptcy fillings for individuals rose 25 percent from a year earlier to 131,200 filings.  And since January 2009, there have [...]

In the bankruptcy case of Hartline, James M. and Heather K.; In re the bankruptcy court ruled against the bankruptcy trustee who wanted to avoid a credit’s lien due to administrative errors.
The details of the bankruptcy case:
The debtor-husband purchased a motor vehicle on Nov. 18, 2006. The purchase was financed by the defendant who applied [...]

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 government and many economists claim that the recession is in its waning days; but job losses tell a different story.
The article said:
“The government releases third-quarter Gross Domestic Product figures on Thursday. Many forecasters say they will show GDP growing at an annual rate of about 3 percent, [...]

According to an article in the Star-Telegram, the government and many economists claim that the recession is in its waning days; but job losses tell a different story.
The article said:
“The government releases third-quarter Gross Domestic Product figures on Thursday. Many forecasters say they will show GDP growing at an annual rate of about 3 percent, [...]

There is currently a huge push to extend the expiration date on the $8,000 federal “tax credit” for first-time homebuyers and even expand its scope. But should we really spend an additional $16.7 billion lining the pockets of the mortgage industry while millions of Americans face the prospect of foreclosure? Some “experts” say yes.
An article [...]

Congress was getting bombarded with people saying that the IRS was treating them terribly, so they did something about it.

Even though the IRS still has a bad reputation with a lot of people, it is still considerably much easier to deal with than it was just a few years ago.  The IRS was actually forced [...]

According to an article in the Star-Telegram, the foreclosure crisis is having an impact on the 2010 Census as more families become homeless due to foreclosure.
The article said:
“Director Robert Groves said he expects some of the census questionnaires mailed out in 2010 will land at empty homes in areas hard hit by the housing crisis…Job [...]

According to an article in the Star-Telegram, a Florida appeals court chastised a judge for granting extensions in a foreclosure case for compassionate reasons.
The article said:
“The Third District Court of Appeal ruled last week that Circuit Judge Valerie Manno Schurr could not grant extensions solely on grounds of benevolence or compassion. Schurr had given a [...]

Are you one of the 5 million Americans who have remained unemployed for more than six months?  There are more than 14 million unemployed Americans and five million of them are facing long-term unemployment that could extend well past a year.  Even after the economy improves, many analysts expect that the unemployment rate will continue [...]

When a debtor files bankruptcy there are debts that are dischargeable and other debts that cannot be discharged during bankruptcy.  Let’s take a look at some of the things you may still need to pay after your bankruptcy discharge:

Student Loans. If you file bankruptcy and owe student loans, they will [...]

According to an article in the Bloomberg, U.S. consumer bankruptcies rose past 1 million during the first nine months of 2009. That’s the highest number of bankruptcies since the 2005 changes to bankruptcy laws.
The article said:
“Personal bankruptcies totaled 1,046,449 for the period, according to the American Bankruptcy Institute and National Bankruptcy Research Center. [...]