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Law Office of Gordon Mosley
A Bankruptcy & Consumer law Firm
20 Years Experience Helping People Gain A Fresh Start

April 2015 Archives

Does personal bankruptcy affect eligibility for an FHA mortgage?

A major concern that many people in the Tyler area may have when they are planning to file for personal bankruptcy is how the filing will affect the debtor's eligibility for loans and mortgages in the future. While it is true that a bankruptcy filing remains on a person's record for 10 years, it does not necessarily affect the person's eligibility for loans and mortgages as long as the person is able to rebuild and maintain healthy credit after obtaining the bankruptcy discharge.

What can Texas residents do if creditors sue over consumer debt?


Overwhelming consumer debt is a harsh reality that affects many people in Smith County and the rest of Texas. While some of those people are in debt due to a difficult economic environment, others are in debt because of unplanned or surplus spending. Irrespective of how the debt was accumulated, the fact remains that people have to deal with creditors and debt collection agencies who are entitled to file a lawsuit against the debtor according to the provisions of the Fair Debt Collection Practices Act.

Is Chapter 7 bankruptcy too expensive?


Many Smith County residents may be aware that in 2005, federal lawmakers made certain changes to the U.S. Bankruptcy Code. Those changes were included in the Bankruptcy Abuse Prevention and Consumer Protection Act. The purpose of the act was to discourage people from abusing the option of bankruptcy. One of the most significant changes was an increase in filing fees. Some critics have said the increase in fees has created a big problem.

Local rules for filing any kind of bankruptcy in East Texas


In East Texas, filing for bankruptcy may be confusing for individuals struggling with debt. The decision to file for bankruptcy is possibly one of the most difficult financial decisions a person can make and it is often accompanied by mental distress, extreme apprehension and concern for the financial future.

How to decide whether Chapter 11 is the solution


In Texas, every debtor should make sure that they are well versed on the existing body of bankruptcy laws before filing for Chapter 11 bankruptcy. There is nothing as risky as making uninformed decisions when it comes to something as critical as bankruptcy.

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Law Office of Gordon Mosley

Tyler Office
4411 Old Bullard Rd.
Tyler, TX 75703

Phone: 903-266-1843
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Gun Barrel City Office
431 N Gun Barrel Ln
Suite 112
Gun Barrel City, TX 75156

Phone: 903-266-1843
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