On Saturday, March 27, 2021 President Biden SIGNED H.R. 1651 into law.

H.R. 1651 extends for one year all of the bankruptcy-related provisions that were included in the CARES Act passed on March 27, 2020. These provisions will now expire on March 27, 2022. This includes the ability of a chapter 13 debtor to modify and extend a chapter 13 plan to a term of up to …

On Saturday, March 27, 2021 President Biden SIGNED H.R. 1651 into law. Read More »

COVID-19

Sulphur Springs, Texas, Paris, Texas, Mt. Pleasant, Texas: Out of concern for the safety and health of our community and to make every effort to mitigate the spread of coronavirus (COVID-19), in lieu of physically coming into my office, please call me during normal business hours of 9:00 AM to 5:00 PM at (903) 439-5150 …

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Schwab: Exempting 100% Interest in Asset

AyobamiOfficial Form 106Cs Schedule C: The Property You Claim as Exempt, effective December 1, 2015, permits debtors to remove assets from the estate unless the trustee objects and proves the property is worth more than “any applicable statutory limit.” Judge Marvin Isgur of the Southern District of Texas approved of the new form’s Schwab option …

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SURVEY: 4 OUT 5 U.S. BANKRUPTCY ATTORNEYS REPORT MAJOR JUMP IN STUDENT LOAN DEBTORS SEEKING HELP, FEARS GROW OF NEXT MORTGAGE-STYLE DEBT THREAT TO U.S.

SEEKING HELP, FEARS GROW OF NEXT MORTGAGE-STYLE DEBT THREAT TO U.S. WASHINGTON, D.C. – With student loan debt now topping U.S. credit card debt and few or no options available for distressed borrowers (including unwary parents who co-signed loans and now face the loss of nest eggs, retirement homes and other assets), America faces the …

SURVEY: 4 OUT 5 U.S. BANKRUPTCY ATTORNEYS REPORT MAJOR JUMP IN STUDENT LOAN DEBTORS SEEKING HELP, FEARS GROW OF NEXT MORTGAGE-STYLE DEBT THREAT TO U.S. Read More »

Bankruptcy Stops Student Loan Wage Garnishment

11 USC § 362 – Automatic stay (a)Except as provided in subsection (b) of this section, a petition filed under section 301, 302, or 303 of this title, or an application filed under section 5(a)(3) of the Securities Investor Protection Act of 1970, operates as a stay, applicable to all entities, of— (1)the commencement or …

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