As you may know if you have been following this blog, Wendell Sherk wrote about the Stop Unfair Practices in Credit Cards Act back in May.  I recently stumbled upon a handy summary of the act here, provided by one of the sponsors, Senator Carl Levin of Michigan. 
To review, the Act would do the following:

prohibit [...]

Popularity: 4% [?]

The bar is the rail that separates the public seating area of the courtroom from the counsel tables. Only persons licensed and admitted to the bar are permitted to cross beyond this rail and appear before the court on behalf of a client.
Lawyers are a talkative bunch. But did you ever hear [...]

Popularity: 7% [?]

Mortgage Assistance companies and credit counselors are not lawyers and they can’t explain the legal ins and outs about the bankruptcy laws. Not that they want to, because telling someone to see a lawyer about Chapter 13 bankruptcy might be a better option for the homeowner, but it won’t put a fee in [...]

Popularity: 9% [?]

The Chapter 13 Trustee in Topeka, Kansas, pays interest to car lenders and other allowed secured claims in chapter 13 plans. The current rate is 9.75% (for cases filed in September 2007).
The rate changes monthly on the first day of the month. It can be found on the trustee’s website, www.topeka13trustee.com. Once [...]

Popularity: 11% [?]

Two-Cycle billing is an underdisclosed billing scheme employed by the large purveyors of credit cards like Bank of America and Capital One. The manner of its operation serves to reward consumer behavior which results in ever growing credit card balances from month to month, while penalizing consumers who try to shrink what they owe [...]

Popularity: 10% [?]

In the case of In re Ballard, Case No. 07-3203-jw (Bankr. D.S.C September 13, 2007), the South Carolina Bankruptcy Court has approved language for use in Chapter 13 plans regarding the provisions of 11 U.S.C. section 524(i).
If you liked that post, then try these…$650,000 in Sanctions Imposed in Bankruptcy Case by Nicholas OrtizBankruptcy In Florida: [...]

Popularity: 3% [?]

Counsel: Your Honor, debtor presents a reaffirmation agreement signed by all parties and prays this Honorable Court deny the reaffirmation in its entirety.
Judge: What’s that you say, counsel? You want me to deny your client’s reaffirmation?
Counsel: Yes your Honor.
Don’t be shocked to hear the [...]

Popularity: 9% [?]

I have been practicing consumer bankruptcy law in the Atlanta area for over 20 years and I thought I had seen everything.   In a recent Chapter 13 case, one of the Northern District of Georgia trustees objected to a $15 per month recreation expense in my client’s budget “thereby preventing the contribution of all monthly [...]

Popularity: 4% [?]

The bankruptcy reforms of October, 2005 (BAPCPA; Bankruptcy Abuse Prevention and Consumer Protection Act) created a three-part Means Test. First, each debtor’s income for the six full months before filing (including a spouse’s income unless separated) is compared against the median income for the debtor’s household size in the home state. Second, [...]

Popularity: 5% [?]

Your Chapter 13 case is filed and your creditors were all listed. Your plan provides for your taxes to be paid and your automobile. Your plan is a 0% plan (meaning there is no money left over after all your daily expenses and paying the trustee enough to pay the taxes, [...]

Popularity: 6% [?]