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January 2016 Archives

Eliminating student loan debt in Texas

According to the Federal Reserve, outstanding consumer debt is well over $3 trillion, exclusive of mortgages. This may be in part because people are not being serious about eliminating debt, but failing to pay off loans can hinder someone's ability to save for retirement. Student loan debt can take quite a while to pay off, but people should prioritize doing so.

HealthSpot files for Chapter 7 bankruptcy

Technological advances have provided interesting solutions for Texas residents in need of quick answers to minor health care concerns. Kiosks that provide for interaction in real time with a doctor have been developed and placed in both retail and work locations to fill this need, but one of the major companies in this industry has filed for Chapter 7 bankruptcy. HealthSpot reportedly shut down approximately two weeks prior to the filing.

Student loans and bankruptcy in Texas

In some cases, it may be possible to get student loans discharged in bankruptcy. However, that is not a given, and whether or not these loans are discharged depends largely on the circumstances surrounding a case. For some, it may be possible to have private student loans discharged if some or all of the balance of those loans was not used for qualified educational purposes.

The legal foreclosure process in Texas

When homeowners are unable to make their mortgage payments, it is possible that the lender may move to foreclose on the property. In Texas, a mortgage servicer can start a foreclosure on behalf of a mortgagee if both parties have an agreement that says the mortgage servicer can service the mortgage. There must also be proper disclosure that contains the name and address of the mortgagee.

Dealing with an upcoming foreclosure

After the housing crash and Great Recession that started in 2008, many people in Texas lost their homes due to a foreclosure. However, a significant number of other individuals were able to hold onto their homes as a result of loan modifications and other breaks from both the government and private lenders, but many breaks are set to expire in 2016.

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1312 14th Street, Suite 100
Plano, Texas 75074

Phone: 972-608-0335
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905 North Travis Street
Sherman, Texas 75090

Phone: 903-813-4778
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Dallas, Texas 75206

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