| Volume 38 Number 6 |
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The People’s Lawyer’s Tip of the Day
A good way to protect yourself when you move out of your apartment is to tell the landlord to keep the security deposit as the last month's rent, right? Wrong! Under Texas law, withholding your last month's rent could result in a penalty of twice the rent plus an additional $100. Click here for more.
Venezuela Bans Coke Zero
Citing unspecified health risks, the country of Venezuela has banned the sale of Coke Zero. Coca-Cola has not responded to the ban. Why has Venezuela banned the sale of Coke Zero, without citing any specific health reasons? Click here for more.
Foreclosures Begin to Fall
Foreclosure filings dropped 6% from April. However, despite the improvement, the levels still remain the third worst in history. One in every 398 households received notices of default, scheduled auctions, or bank repossession. California tops the list of foreclosure filings, with Texas also in the top ten. Click here for more.
Chrysler Emerges from Bankruptcy
Despite recent attempts to block emergence from bankruptcy, Chrysler is out of bankruptcy and owned by Fiat, the United Auto Workers union, and the governments of the United States and Canada. For the next 18 months, the vehicles will be the same. After that, some changes are in store. What's next for Chrysler? Click here for more.
Your Money
What is the return on my stock if I sell it now? Click here for more.
For the Lawyers
Auto lender must return debtor's vehicle. The Seventh Circuit held that an auto lender was required to return a repossessed vehicle once the borrower filed for bankruptcy. The court noted that, “the primary goal of reorganization bankruptcy is to group all of the debtor’s property together in his estate such that he may rehabilitate his credit and pay off his debts; this necessarily extends to all property, even property lawfully seized.” Click here for more.