| Volume 12 Number 8 |
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The People’s Lawyer’s Tip of the Day
Extended warranties, or service contracts, are usually not a good buy or even necessary. Stores make a large profit selling these contracts and often pressure consumers into buying them. Take your time and think carefully before you buy an expensive item that you don't even need.
Credit Histories Can Stay Married Long After Divorce
It's a predicament faced by many former couples today. The marriage may be over and the divorce papers long signed, but one strong bond remains: the credit they once took on together. That can cause trouble for either spouse if the other handles a joint account irresponsibly. Click here for more.
Lawyers File Class Action Suit Against TXU Electric Delivery
Nacogdoches lawyers filed a class action lawsuit against TXU Electric Delivery accusing the energy provider of installing electronic meters that "inflated and inaccurately" calculated energy usage. Click here for more.
Taxes When You Sell Your Home at a Loss
It's a homeowner's worst nightmare: selling your home at a loss. Sadly, with the real estate market slowing, more folks are discovering that, yes, this can actually happen. The worst-case scenarios are when folks borrowed heavily to buy in at the top or took out big home-equity loans while prices were inflating-two situations that can result in having the mortgage debt exceed the current value of the home. And if homeowners in these situations have to sell, not only will they owe money to the bank, but there could be some unexpected income tax consequences to boot. Click here for more.
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For the Lawyers
MySpace postings protected by First Amendment. The Indiana Court of Appeals has held that a student's derogatory MySpace postings about her school principal were protected speech, and therefore she can't be convicted of harassment. Click here for more.