The economic recession and its effects on the real estate market have generated a new type of scam artist for consumers to be aware of: mortgage loan modification companies. Mortgage loan modifications are a type of loss mitigation program, designed by mortgage lenders, to minimize their losses by working with consumers to make mortgage payments […]
OBJECTION/MOTION TO DISMISS IN YOUR CHAPTER 13 BANKRUPTCY CASE?
Texas Bankruptcy: A couple times a month I get a phone call or email from a client in distress because they received a copy of an objection to confirmation or a motion to dismiss their bankruptcy case. I have mixed feelings about these types of phone calls and emails. I am slightly frustrated, because during […]
Texas Bankruptcy Attorney: WHAT IS TRCC?
Texas Bankruptcy Attorney: TRCC is an acronym for Trustee’s Recommendation Concerning Claims. TRCC is the point in a Chapter 13 case when the trustee reviews the claims filed by creditors, decides if objections to claims should be filed, and determines if the confirmed plan is sufficient to pay all allowed claims. To understand TRCC it […]
TEXAS BANKRUPTCY: DEBTORS PROTECTED AGAINST DISCRIMINATION
Can my employer fire me for filing bankruptcy? The Bankruptcy Code expressly prohibits private employers from firing you because you filed for bankruptcy. See 11 U.S.C. § 525(b). This prohibition even protects debtors who discharged debts owed to their employer. For example, a bank teller cannot be fired for discharging credit card debt owed […]
The Bankruptcy Code Provides Extra Help to Disabled Veterans
In 2005, The Bankruptcy Code was revised, making it more difficult and sometimes impossible for many debtors to obtain relief under Chapter 7 of The Bankruptcy Code. Disabled veterans were excepted from some of the new eligibility requirements that affected most debtors. If you are a disabled veteran who became disabled while serving your country, […]