You’ve gotten the letter from your mortgage company. It’s threatening foreclosure. What do you do?
The first thing *not* to do is to ignore it. Putting your head in the sand won’t make the problem go away, and can result in your losing your home.
Typically, mortgage companies spend a fair amount of time “leading up” to [...]

Probably the most common question I get asked at parties when I tell people I’m a bankruptcy attorney is, “How do your clients pay you if they’re going to file for bankruptcy?” (The second question usually is, “Can I have one of your business cards?”) It’s a good question, though. How do people pay their [...]

Each of us has our own goals as to how much we would like to have set aside for retirement.  There are a variety of retirement plans available.  Some are sponsored by employers and others are more individual.
Employer-sponsored plans include:

401(k) plans are offered by employers to their employees.  401(k) plans allow you to withhold from [...]

Recently I have received a number of bankruptcy inquiries from higher earning individuals who are facing bankruptcy because of the real estate slowdown, the sub-prime mess and other problems in the economy.  Some of these folks have hundreds of thousands of dollars in credit card debt but are fearful about losing their jobs if their [...]

In Drive Financial Services, L.P. v. Jordan  the United States Court of Appeals for the Fifth Circuit was called upon to address whether changes made to the Bankruptcy Code by the Bankruptcy Abuse Prevention and Consumer Protection Act of 2005 (BAPCPA) which gave greater rights to secured motor vehicle creditors superseded the decision of the United [...]

There are many ways a bankruptcy trustee can try to increase the amount your spouse’s creditors will get paid in the bankruptcy.  The trustee can look at any single expense of the household and try to attack it as being unreasonable.  If s/he tries to take the position that you, the non-filing spouse, should not [...]