According to an article in the Dallas Morning News , federal regulators will require that all credit card companies make consumer credit card statements easier to understand. This includes: *Telling credit card consumers via their statements exactly how long if will take to pay off their balance if they make only the minimum payment. *Using [...]

According to an article in the Star-Telegram, Fort Worth's R.K. Maulsby Trust could lose ownership of the historic Ridglea Theater on Camp Bowie Boulevard due to foreclosure. The article said: "It's the fourth time in two years the Maulsby Trust has faced foreclosure on the west-side landmark. The filing also includes the adjoining office and [...]

According to an article in the Star-Telegram, states that allow debt collectors to easily seize consumers' wages have sharply higher bankruptcy rates than neighboring states that prohibit or strictly limit wage garnishment .The article said: "After gathering millions of bankruptcy records from 2006 until now, the AP plotted the number of filings for each U.S. [...]

According to an article in the Dallas Morning News, the majority of the new credit card legislation passed by Congress will take effect February 2010; but many credit card companies are finding loopholes in the law and changing credit card rules now to recoup potentially lost profits.The new credit card legislation will prohibit certain practices [...]

According to an article in the Star-Telegram, eight credit unions in North Texas plan to compete directly with payday lenders by providing short-term loans to the low-income community who depend on payday loans. Credit Unions are developing a pilot program to entice low-income consumers of payday loans to join a credit union and take out [...]

Reed Allmand, Author of The Truth About Bankruptcy, participated in an 8-minute segment STRICTLY ON BANKRUPTCY on the Fox Business News Channel, "Money for Breakfast".

The U.S. Supreme Court has agreed to review and determine the constitutionality of two key provisions in the Bankruptcy Abuse Prevention and Consumer Protection Act (BAPCPA).This fall the court will determine: Who qualifies as a "debt relief agency"? Under §526 of the statute, a debt relief agency is defined as "any person who provides any [...]

According to an article at LAW.com, many bankruptcy courts are straining under the rapidly increasing number of bankruptcy filings. Some government officials such as U.S. District Judge Barbara Lynn of the Northern District of Texas are asking that more bankruptcy judgeships are approved to handle the increased workload.U.S. District Judge Barbara Lynn of the Northern [...]

In the bankruptcy case of debtor J. Reed, creditor West Texas Truck Center, Inc. was inadvertently left off of Reed's creditor list. It was only after the creditor West Texas Truck Center filed a lawsuit against Reed that she added the creditor to her bankruptcy case. That's when the creditor filed a motion to deny [...]

According to an article in the Dallas Morning News, President Obama is planning to sign the credit card legislation that would put a Credit Cardholders' Bill of Rights in place. The article said: The Credit Cardholders' Bill of Rights Act: • Takes effect nine months after enactment, except for notice before interest rates are increased, [...]