On May 24, 2010, the Texas Rangers filed for Chapter 11 bankruptcy protection. Currently, the team owes approximately $525 million to creditors. Team president Nolan Ryan, who also played 5 of his twenty seven major league seasons with the team, has assembled a group...
As the world's 11th largest economy, Texas was not immune from the recent recession and its effects on the housing market. As more homeowners lost their jobs or became overwhelmed with debt, they lost their ability to stay current on mortgage payments and other bills....
The law in Texas is primarily focused on what is in the best interest of the child in Child Custody disputes. The legislative intent in the Family Code is to provide a safe environment in which the child can be raised, to maintain healthy contact with both parents...
It is amazing how relentlessly some creditors and debt collection agencies can be, and how little they care about your particular situation when they are trying to collect a debt. It doesn't matter if you have lost a job, lost a loved one, had medical problems or any...
A bankruptcy trustee in either a Chapter 7 or Chapter 13 bankruptcy is appointed by the U.S. Trustees Office. One of the chief jobs that a bankruptcy trustee has under either chapter is to look and see if the debtor who filed bankruptcy has any non-exempt asset that...
As a debtor filing for bankruptcy in Texas, you have an advantage. The advantage is that you have an election to make as to whether you want to take the Texas list of exemptions or the list of exempt property under the Federal Bankruptcy Code.Exempt property is...
As far as I can see it has been a disaster. Over the past year and a half I have visited with someone new almost daily who was led to believe that they were eligible, only to find out later that they "just didn't qualify."The typical story that I have heard involves...
In a Chapter 13 Bankruptcy, if a vehicle was last financed over 2.5 years prior to the petition then the debtor can pay the value of the vehicle rather than the amount owed. The amount owed over what the car is worth should be discharged.That is a tremendous...
Falling behind on your child support payments is a dangerous predicament to be in. The Attorney General can file a quasi-criminal lawsuit against you and you can spend time in jail. Typically, you can resolve your situation through a Chapter 13 bankruptcy. You can...
If someone is caught with less than 2 ounces of marijuana, then it is typically filed as a Class B misdemeanor. Class B misdemeanors have a range of punishment up to 180 days in county jail, and up to a $2,000 fine.If someone is in possession of more than 2 but less...
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