Bankruptcy Blog

New Years Day for most of us is a good day, but for people that have fallen behind on their mortgage their home is going to be sold on the court house steps starting at 10 o’clock. In Texas the mortgage company can only Foreclose on your home the first Tuesday of the month. […]

Within this last week, I have had three debtors that are filing for Chapter 7 bankruptcy let a house go back to a mortgage company. It happened this year and they are filing their Chapter 7 case before the end of the year to avoid any repercussions with the IRS as it relates to […]

Many people come in to file a bankruptcy to stop a foreclosure. If they want to keep their house, they will file a chapter 13. The

Stopping a foreclosure sale is usually done with the filing of a chapter 13 bankruptcy. This is a plan that would that would put whatever payments that you have fallen behind on in a plan to pay back over the next five years. The mortgage company has to accept this option. The following month you […]

Buying a house is one of most people’s dreams. There are several factors that can keep people from being able to full fill their dream. Credit problems is a big one. If there are open accounts that are in bad standing, the loan company will not loan you any money untill those accounts are closed […]

In Texas, foreclosure takes place the first Tuesday of every month, even if it falls on a holiday. In other states, foreclosure can take place any day of the month. If a Debtor is contemplating filing a Chapter 13 bankruptcy to stop a foreclosure, it is important to read all mail received from […]

It is not surprising that in light of the recent downturn in the housing market that Congress has stepped up its pressure on mortgage lenders to avoid foreclosures. There are two new bills coming out of the House Judiciary Committee that aim to help out mortgagor’s facing foreclosure.
House bill H.R. 3648 would […]

Many people do not realize that they can refinance their house after bankruptcy. It may not be the easiest task to tackle, but it is possible to achieve. When you find the right people to work with, you will be surprised at how easy it may be to get your house refinanced after […]

When you think of an actor, we all think of the people that make millions of dollars and live in Hollywood. Yesterday I had a young man that came in and when I asked him what he did for a living he told me that he was an actor. I was thinking great!!!! […]

Foreclosure Tuesday is the first Tuesday of the month in the state of Texas. Today was a great day, because we were able to save three peoples houses that were up for foreclosure that waited till the last minute to come in and file to save their homes. Having your house up for […]