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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 …

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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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Did Changing Bankruptcy Laws Cause the Mortgage Mess?

By Mark Lieberman, Senior Economist Source: FOXBusiness During the debate over changes in personal bankruptcy laws, bankers were tripping over themselves to get Congress to agree to changes to make filing personal bankruptcy more difficult. The changes, they argued, would make borrowers more responsible – and by the way reduce bank losses as debts could …

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Congress may extend bankruptcy relief to private student loans

Source: http://www.creditandcollectionnews.com/viewer.php?url=http%3A%2F%2Fwww.lohud.com%2Farticle%2F20100506%2FNEWS01%2F5060372%2F1018%2FNEWS02%2FCongress-may-extend-bankruptcy-relief-to-private-student-loans College graduates overwhelmed by private student loans could see bankruptcy relief if proposed legislation makes its way through Capitol Hill. Supporters of the Private Student Loan Bankruptcy Fairness Act of 2010 argue that private borrowers lack important consumer protections that come with federal loans — such as deferment plans and income-based repayment options. …

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Property of the Bankruptcy Estate – State & Federal Exemptions

A bankruptcy case is made up of the debtor’s interest in property and the debtor’s debts. Before the debtor’s bankruptcy case is filed, the debtor provides his or her attorney with information to enable the debtor’s attorney to prepare the debtor’s schedules of property, debt, income and expenses for electronically filing the debtor’s bankruptcy case. …

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