Times are rough out there and many Texans are facing tough choices as they face foreclosure and job losses. Unemployed/underemployed and low on savings, some unscrupulous Texans are choosing to bounce checks to pay their rent/mortgage, utilities or to just put food on the table. Many don't set out to bounce a check, they figure [...]
According to an article in the Star-Telegram , homeowners facing foreclosure who have loans backed by the Federal Housing Administration will be eligible for payment reductions similar to the Obama administration's "Making Home Affordable" foreclosure prevention program. The article said: "Effective Aug. 15, financially troubled homeowners who have an FHA-insured loan can apply for a [...]
According to an article in the Dallas Morning News , Guillermo Perales placed four of his companies into Chapter 11 bankruptcy in an effort to avoid a $1 million judgment payout. The article said: "Rukavina said the bankruptcy stemmed from an assault of a female employee in 2004 in a Burger King outlet owned by [...]
Things you should bring to your initial bankruptcy consultation: #1 - Proof of income. If you are an employee, make sure you have your most recent paychecks and your spouse's most recent paychecks if you're married. If you're self-employed, you will need to provide proof of income using bank statements, tax returns, financial statements or [...]
According to an article in the Star-Telegram , an estimated 5,550 Texans are losing their health coverage each week as the number of job losses increase and the cost of healthcare rises, making many Texans vulnerable physically and financially. The article said: "Rising like a deadly tide, escalating health care costs will have caused 866,580 [...]
According to an article in the Dallas Morning News Attorney General Greg Abbott filed a lawsuit against two Dallas-area debt settlement companies and two out-of-state firms this week, accusing them of orchestrating fraudulent debt settlement schemes. The article said: According to the state's lawsuits, the defendants unlawfully misrepresented and overstated the nature of their services...Court documents [...]
Liability car insurance is suppose to cover an "at fault driver" in the case of a car accident. But what happens when one party sues another for an amount that is above and beyond the coverage provided by the car insurance company. For example, what if you are sued for $1 million dollars in car [...]
Pet food shop owner Mark Poveromo was ordered by a Connecticut bankruptcy judge to repay money collected in a judgment against construction company owner Mark R. Koch. In 2006, Poveromo hired Mark R. Koch to construct a building for his pet food business for $80,000. Poveromo paid $39,500 up front, but Koch never did any [...]