Bankruptcy Law Explained for Families and Creditors
The article outlines basic bankruptcy concepts for honest but unfortunate debtors. It explains voluntary filing, court examination, and discharge, plus exemptions under Texas homestead rules and the impact on future credit and creditor actions. It notes causes of financial distress and warns about dishonest behavior and potential criminal consequences.
MENTIONED IN THIS ARTICLE
United States
United States District Court
Texas
Debtors urged to negotiate with creditors to avoid bankruptcy
Article argues that many bankruptcies could be prevented if overloaded debtors would promptly meet with creditors to develop reduced payment plans over extended periods. It emphasizes timely negotiation as a key remedy.
Veterans GI Bill allows concurrent school enrollment and part-time work
The program permits attending two schools simultaneously with monthly certifications from each. Veterans may work part time to supplement the allowance, and earnings do not reduce the monthly benefit. If schooling is interrupted within a month, the allowance ends as of the last attendance date and is not paid for the rest of the month.
Pension vs raise cited by Commerce Clearing House
The Commerce Clearing House says a pension plan can yield more after tax income for high earners than a raise. Example shows a $10 000 raise deferrable to a year with no other income would incur taxes of only $1822, versus two thirds taxed away if received now. Citation No 907 from Texas frames foreclosure on a chattel mortgage suit against J W Downs and Agnes Downs with W T Adams as plaintiff, and dates August 5 1953 to September 21 1953 in Grayson County.
MENTIONED IN THIS ARTICLE
Chicago
Commerce Clearing House
CCH
Clearing House
National Reporting Authority On Tax and Business Law
State of
Texas
J. W. Downs
A. D
Grayson County
Court House
Sherman
W. T. Adams
Adams Store
Agnes Downs
J. C. Buchanan
Tex
O. L. Jones
Whitewright
U S Deaths and Disablement in Korea Near 50 000
Washington reports Pentagon estimates place American dead and permanently disabled in Korea between 45 000 and 50 000. Known deaths total 25 604 with breakdowns by KIA 22 731, fatally wounded 2 469, and 404 dying in Communist prisons. 8 529 missing and unaccounted for with potential recoveries unclear.
MENTIONED IN THIS ARTICLE
Washington
Pentagon
Korea
U. S
Korea War Casualty Totals And Ongoing Assessments
The Defense Department reports 142277 total casualties with 103492 wounded in Korea. Of the wounded 84 percent returned to duty and 6 percent discharged with permanent disability. About 10000 remaining hospitalized. 1500 amputations and 660 paraplegics transferred to VA care. Pentagon notes little change in totals and continues efforts to identify missing prisoners over months or years. Information from returning prisoners adds 35 to dead in prisons and 25 to killed in action.
MENTIONED IN THIS ARTICLE
Korea
Veterans Administration
Pentagon
Defense Department
Community balance of minds and merriment desired
A reflection on the town wishing for a population that equally pursues self improvement and leisure, hoping the next generation finds a better blend of education and enjoyment.
Texan Seeks Equal GI Farm Loans for Veterans
Owen W. Sherrill of Georgetown Texas urged Congress to raise farm loan guarantees to 7500 dollars under the Veterans Administration, matching city loan limits. He cited current 4000 dollar cap as hindering veterans buying farms and backed Rep Homer Thornberry's bill to correct the inequality.
MENTIONED IN THIS ARTICLE
Washington
Owen W. Sherrill
Georgetown
Texas
National Institute of Farm Brokers
Congress
Sherrill
Veterans Administration
Texas Realtor
Homer Thornberry
Austin
Drouth relief feeds listed for Scurry County residents
The Snyder Daily News published in Sunday edition the names of about 500 Scurry County residents who received drouth relief feed through Aug 18 and the amount each person got. Most on the list were drought relief beneficiaries.
MENTIONED IN THIS ARTICLE
Snyder
Snyder Daily News
Stricken Farmers and Oilmen Named by Relief Committee
The local relief committee released names of stricken farmers and oilmen after obtaining permission from State Production and Marketing Administration officials. The list includes several individuals whose main business was not livestock.
MENTIONED IN THIS ARTICLE
Breuth Relief Committee
State Production and Marketing Administration
Also Mentioned on This Page
M. Born & Co
Babelone
Babcock Auto Store
Whitewright, Texas
THE
Whitewright Sun
Grayson
Fannin Counties
My Neighbors
Britt Pavtitson
Texan
Grn Delafinldl Cosmetics
Walker Pharmacy
Meador
International Harvester
International “Arvester
C. J. Meadow Truck & Tractor Co
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