If you have filed a bankruptcy petition and you are lucky enough to be chosen for an audit, you should know the time line that the audit process will follow. 
1.      A non-business Chapter 7 or 13 bankruptcy case is selected for audit within 10 days after the date the bankruptcy petition was filed.  An audit firm is [...]

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Don’t plan on having children any time soon if you’re taking out student loans to finance your education! That’s the substance of a March 26, 2007 federal district court decision in the Southern District of Texas, ruling in favor of a claim by the relentless Educational Credit Management Corporation against a Texas couple with six children.
Babies, [...]

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In Part Three we saw a situation where the client was unaware that the insurance they had purchased through the car dealer was worthless because they had not purchased the necessary underlying collision insurance on their car.
While this situation is bad enough, client number three had a problem that is almost impossible to anticipate:  She was the [...]

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Writer, Keisha Lamothe, in an article for CNNMoney.com entitled “Foreclosures: Moving on up” reports that foreclosure filings rose during the third quarter of 2007, increasing by 30% over foreclosures in the second quarter.
If you liked that post, then try these…How Reckless is Credit Card Marketing to College Students? by Stephen Otto, Pennsylvania Bankruptcy AttorneyCredit Scores by [...]

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Moody’s chief economist surprised many today by testifying in favor of H.B. 3609, a proposal pending in Congress to change the bankruptcy law to allow for modification of home mortgage loans in chapter 13 bankruptcy.
Mark Zandi, chief economist for Moody’s and co-founder of Moody’s Economy.com testified before the U.S. House Judiciary Committee Subcommittee on Commercial [...]

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Since Connecticut has two kinds of foreclosure - auction sale or strict, it is important to know where your case is in the process. Thankfully, even if the Judgment of Foreclosure has entered in your case or the auction sale has taken place, it still may not be too late. In Connecticut, as long as [...]

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An Adjustable Rate Mortgage, or ARM, easily can force a bankruptcy filing. We call it an “exploding” ARM, because the adjustment blows up the interest rate into the stratosphere, as most recent ARMs will do.
Five words will get you through an ARM: (1) an Initial Interest Rate, (2) a Change Date, (3) [...]

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If you live in one of the following counties, you are required to file your bankruptcy in the Austin Division of the Western District of Texas. The court is located in Austin at 903 San Jacinto Blvd.
If you liked that post, then try these…Authorized User: Piggybacking Practice To End by Wendell Sherk, Missouri AttorneyA [...]

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The internet has made the practice of bankruptcy law compelling and comprehensive in ways that simply didn’t exist when I was admitted to the bar in 1978. (Electricity had been invented then, but personal computers didn’t yet exist.)
This week I used the internet to listen to the oral argument in a 9th Circuit appeal case [...]

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So, you purchased GAP insurance, credit insurance and a vehicle extended warranty in spite of reading Part One of this series of articles, and you signed the agreement without reading it, or you were rushed into signing (Part Two).
Well, that’s the worst of it, right?
Wrong!
If you liked that post, then try these…New Bankruptcy Trustee for Kansas, [...]

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