Consumer Laws by State

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Is an Adjacent Lot Part of the Homestead for Exemption Purposes?

Homestead Exemptions Don’t Protect Investment Property Although homestead exemption laws vary by state, none of them protect investment property. A homestead is, by definition, a primary residence. You don’t necessarily need a white picket fence and a golden retriever, but you must live in the home in order to claim the exemption. As a general rule, investment […]

The Complicated California Foreclosure Process Explained

California foreclosure laws are among the nation’s most complex but are also fairly consumer friendly. In this post, we will attempt to provide good answers to the most common questions California residents have about the foreclosure process, both before and after a sale. A Brief Introduction to Mortgages In order to fully grasp the information […]

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Does Texas Foreclosure Law Allow Deficiency Judgments?

Texas law allows lenders to pursue deficiency judgments after foreclosure A deficiency judgment arises when the proceeds from a foreclosure sale fail to satisfy the outstanding mortgage balance, and a lender wins a lawsuit seeking payment of the difference. See also: will I owe money after foreclosure? In Texas, lenders are permitted to sue for […]

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Credit Card Lawsuit Defenses: What To Do When You’ve Been Sued

What do you do when your credit card company sues you? You’ve received notice that your credit card company is suing you. What do you do now? The first step is to read the complaint carefully. Your creditor will most likely sue because you haven’t paid but can also sue you for defaulting on any term […]

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Chapter 7 Bankruptcy in Texas: What You Need to Know

Filing chapter 7 bankruptcy in Texas: different from the rest of the country? The state of Texas takes pride in doing things differently than the rest of the country. However, when it comes to bankruptcy, Texans will find some similarity in the process regardless of which region they file in. The bankruptcy code is federal […]

Get It Back! Fixing a Fraudulent Transfer Before Bankruptcy in the 9th Circuit

Transferring Assets Before Bankruptcy Perfectly honest consumer debtors sometimes make the mistake of transferring an asset to a friend or family member before filing bankruptcy.  This can happen innocently enough, as for example, where a debtor gives an old car of little value to an adult child months before he even considers filing bankruptcy.  Despite […]

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Filing Bankruptcy in Illinois: What You Need to Know

The Bankruptcy Process in Chicago is Different Than Other Cities Are you considering filing for bankruptcy in the Chicago area? Don’t assume that the process will be little more than filling out some boilerplate forms. Many people mistakenly believe that filing for bankruptcy is the same throughout the country. While there is uniformity to the […]

Filing Chapter 7 Bankruptcy in North Carolina: What You Need to Know

So, you’re getting ready to file for bankruptcy in North Carolina and find yourself looking online for answers. Time to panic? Absolutely not. It’s time to learn the law and explore your options. We’ll start at the beginning, with the biggest misconception that North Carolinians, and consumers in general, have about filing for Chapter 7 […]