News Topic: bankruptcy

There are two main federal bankruptcy exemptions for “unmatured” insurance contracts, 11 U.S.C. § 522(d)(7) and (d)(8) : ... Read full article

One of Benjamin Franklin’s most famous quotes is:  “Certainty? In this world nothing is certain but death and taxes.” ... Read full article

In re Wigginton, 5th Circuit 2012  This last week I had a couple come in, that had paid $5000 to some “group” that they found on the internet, to help them fight with their mortgage company. They had the “group” whoever that is, prepare a lawsuit or ... Read full article

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Law In Kansas City specialises in bankruptcy, divorce, family law, child custody, estate planning, traffic and probate law. 816-479-2700 ... Read full article

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In re Navarrete, Case No. 11-40956, SD TX 2012  In a recent case in the Houston Division of the U.S. Bankruptcy Court, Judge Letitia Paul ruled that a debtor could keep insurance money from a lawsuit settlement for damages to his home from Hurricane Ike. ... Read full article

The Fifth Circuit , covering Texas, Louisiana, and Mississippi, has joined the First Circuit in ruling that there is no per se prohibition against fee-only Chapter 13 filings. ... Read full article

An old adage says that liens “pass through bankruptcy” unaffected.  As old adages go, it’s right as much as it’s wrong.  Particularly when referring to judgment liens against someones home which are normally subject to “avoidance.”   But a July, 2012 ... Read full article

Co-signing a loan is a dangerous thing. Too many people end up in bankruptcy due to debts they just co-signed for, so here are a few points worth considering before co-signing for a friend or family member. 1. There is a reason they need a co-signor. A ... Read full article

Chapter 13 bankruptcy debtors can send monthly plan payments electronically to the chapter 13 trustee under a new program available in the Southern District of Illinois Bankruptcy Court – East St. Louis division. ... Read full article

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A Central Illinois Bankruptcy Court Judge ruled the trustee who oversees administration of a bankruptcy case can avoid mortgage liens that do not comply with an Illinois law that requires the mortgage contain notice of the interest rate, loan amount and ... Read full article

In re Armistead Local Bankruptcy Court Mortgage Form Must Be Used  An opinion by U.S. Bankruptcy Judge Marvin Isgur from the Southern District of Texas, Houston Division bankruptcy court, indicates that mortgage companies and banks must follow our local ... Read full article

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In my Bankruptcy practice, I see people every day in the midst of a homeowner’s dilemma.  Try to save the house, walk away, file bankruptcy, do a modification, or what?  Most often, I spend time with them simply dispelling myths! Here are seven of my ... Read full article