Month: June 2008

What Amount Of Equity Is Protected In A Debtor’s Recently Purchased Homestead?

This question was recently answered by the United States Bankruptcy Court for the Western District of Texas in a decision by Judge Frank Monroe entitled In re Fehmel , Case No. 07-60831 (Bankr. W.D. Tex 5/22/08). Texas is a state that tries to protect all of the equity of a home of a person or …

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What Interest Rate Do You Have To Pay In Bankruptcy?

The Fifth Circuit Federal Court of Appeals (the federal appeals court for Texas, Louisiana, and Mississippi) has published an opinion that the Supreme Court’s decision in Till v. SCS Credit Corp., 541 U.S. 465 (2004) did not change the interest rate Chapter 13 debtors had to pay their secured creditors. Before and after the new …

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