Bankruptcy Law News

Foreclosure fears
Herald News - He fell behind his mortgage payments and ended up filing for Chapter 13 bankruptcy. The bankruptcy protected the house from foreclosure. But Tatum lost that protection in February when he was unable to keep up the bankruptcy payments of $2,155 a month

Consumer woes climb with prices
Evansville Courier-Press - People on the edge (of bankruptcy) are going to be pushed in," said Robert Musgrave, Chapter 13 bankruptcy trustee for Southwestern Indiana. He recently returned from a bankruptcy trustees' conference in Colorado where the topic of high gas prices

Don't Delay in Managing IRS Tax Debt
WOOD - The bill's new "means test" leads many consumers instead to file Chapter 13 bankruptcy, which establishes a repayment plan, rather than wiping out all debt. Consumers with tax debt may find it much less costly and simpler to work with a debt

Houston-Based Law Firm, Busby & Lee, P.C. Launches Toll-Free Consumer
PRWeb - Even if a debtor cannot file a Chapter 7, Busby & Lee, P.C., would still recommend a Chapter 13 bankruptcy vs. a private consolidation. Generally, the repayment plan proposed in a Chapter 13 is easier for the debtor to budget than the consolidation

9 bankruptcy costs you should know about
Bankruptcy fees have gone up, and there may be more of them than you realize.

Noketown has shut down
Another door closed Another downtown Roanoke restaurant has closed. Noketown Bar & Grill, at the corner of Second Street and Kirk Avenue, closed its doors after less than four months, and owners Jason and Michelle Woolfolk have put it on the block.

Houston-Based Law Firm, Busby & Lee, P.C. Launches Toll-Free Consumer Hotline to Address Confusion over new Bankruptcy
The Bankruptcy Abuse and Consumer Protection Act, also known as BACPA, not only changed the bankruptcy law, it created a significant amount of confusion and misinformation among consumers, the media and even creditors. In an attempt to help clarify the confusion, the Houston, Texas based law firm of Busby and Lee, P.C. set-up a new consumer bankruptcy hotline number, 1-888-422-6423, to answer