Archive for October 6th, 2007

What Does Your Attorney Need For Your “Means Test” Analysis? »

When Congress changed the U.S. Bankruptcy Code in 2005, a new process was put into place. This process is called the “means” test. There really is no such formal name, but that’s what folks have been calling it. The “Means Test” is supposed to be an analysis of your [...]

Popularity: 6% [?]

If I Can’t Pay My Bills, How Can I Afford to Pay My Bankruptcy Attorney, Part Two »

This is a continuation of the original post entitled “If I Can’t Pay My Bills, How Can I Afford to Pay My Bankruptcy Attorney“.
As was discussed in the original post cited above, it is frequently difficult for those in need of bankruptcy relief to afford to retain a bankruptcy attorney.  The original post stopped at [...]

Popularity: 9% [?]

Michigan Small Business, When Enough is Enough »

Everyone who starts a business expects to make money. No one commences a business with the goal of ending up in Chapter 7 or Chapter 11 bankruptcy.
The sand dune is built one grain of sand at a time. Before a business owner realizes it, the situation can be [...]

Popularity: 3% [?]

Bank Regulator Says Freeze Subprime Adjustable Rate Mortgage Interest Rates »

Our country’s top bank regulator told lenders to “get on with it” and freeze interest rates to fix the subprime, adjustable rate mortgage crisis, according to CNNMoney.com.
FDIC Chair Sheila Bair urged lenders at the Clayton Annual Investor Conference in New York this week to convert subprime, adjustable rate mortgages (ARMs) into fixed rate [...]

Popularity: 9% [?]

The Chapter 13 Process – Part 6 »

In Part 5, we discussed different types of Chapter 13 plans. Once the plan is confirmed, the most important part of the process is the claims. Claims are filed by your creditors. They itemize what is owed, whether the debt is secured or unsecured and if there is any interest or fees [...]

Popularity: 3% [?]

Government Sues Debt Program »

The “Debt Meltdown Program” offered by Edge Solutions Inc. in Delaware and New York,by Money Cares aka The Debt Settlement Company and akaThe Debt Elimination Center, and by Pay Help Inc., has led to a suit by the Federal Trade Commission for deceptively marketing a “debt settlement” operation without providing services reducing a consumer’s debt.
Credit [...]

Popularity: 4% [?]

What are “Liquidated” Debts for Purposes of Section 109(e) »

You may have heard that the debt limits for Chapter 13 have increased as of April 1, 2007. Currently, Secton 109(e) of the Bankruptcy Code says that you are eligible to file
If you liked that post, then try these…Detroit Chapter 13 Trustees by Kurt O’Keefe, Attorney at LawWill Bankruptcy Get My $15,000 Back? by Michael [...]

Popularity: 4% [?]