Dallas Bankruptcy Lawyer

The Financial Crisis And What It Means To Homeowners’ Struggling With A Supprime Mortgage Loan

I am sure you have heard about the financial crisis and the bailout plan which has been enacted recently. Most experts agree that the financial crisis was caused by risky mortgages. Lending companies sold mortgage loans to citizens, and these loans had adjustable rate mortgage that kicked in after 2 years. This system seemed ...

Many Homes Are At Risk For Mortgage Rescue Scam Fraud

These days, mortgage rescue scams are all too common. So common, in fact that in Portland Oregon, the police are sending letters to homeowners who are facing foreclosure to watch out and not fall prey to these scams. As reported in MSNBC online by Bob Sullivan, millions of families are ...

Stressing Over Debts Can Make You Sick

If you have ever been behind on your bills, you know the stress that it can cause. It can cause you restless nights because you are worrying about your bills. It can cause you to have panic attacks and even depresssion. But, accroding to an article posted online by CNN, ...

The Foreclosure Machine

Doesn’t it seem that a foreclosure is a losing proposition for homeowner’s as well as mortgage companies? Then why are there so many foreclosures lately? Turns out there are other players in the foreclosure game that ARE making money off of foreclosures. Gretchen Morgenson and Jonathan D. Glater published an ...

New Bankruptcy Law May Have Actually Intensified Foreclosure Rates

In signing the New Bankruptcy Bill that was enacted on October 17, 2005, President Bush promised that this bill would make credit more affordable and that we would be better off. Is credit more affordable and are we better off? That question was explored in a recent article by James Suroweicki ...

Congress Should Pass The Proposed Changes To The Bankruptcy Code

Do you think that a Bankruptcy Judge should have the power to modify the mortgage interest rate or reduce the principal balance owed on a home mortgage to the value of the home? A bill is before both the U.S. House and Senate that would allow bankruptcy judges to modify ...

Can You Put Past Due Utility Bills In Your Bankruptcy?

You can include debts to utility companies in your bankruptcy but the the utility company can require you to pay another deposit. In In re Cunha, 1 B.R. 330, 333 (Bankr. E.D. Va. 1979), the bankruptcy court held that a utility company could not discontinue service but may require a deposit ...

What Happens If Someone Dies And Leaves Me Money While I’m In Bankruptcy?

Inheritances are subject to creditor and trustee claims while you are in bankruptcy. That’s because when you file for bankruptcy, the trustee takes control over all of your property – including any inheritance you have a right to within180 days after he files his petition. You don’t even have to ...

Chapter 7 Bankruptcy Trustees In The Dallas Area

There are ten Chapter 7 bankruptcy trustees serving the Dallas area bankruptcy courts. Each Chapter 7 bankruptcy case is assigned to a trustee, who is responsible for administering the case. The trustees for Chapter 7 bankruptcies are: Michelle Chow, Trustee 5401 N. Central Expy Ste 218 Dallas, TX 75205 Jeffrey H. Mims, Trustee 3102 Oak ...

Mortgage Rescue Scams Can Cost You Your Home

If your home has been set for foreclosure, you will get plenty of letters in the mail. Some of them, though, are complete shams and could cost you your home. The Dallas Morning News has published a story that explains how Ms. Wynn lost her home because she relied upon ...