June 2008

Administrative standards for discharge of a trade school student loan are not available in a bankruptcy case according to the United States Bankruptcy Court for the Northern District of Ohio in the case of Gregory v. U.S. Department of Education (April 1, 2008), which ruled that the requirement of undue hardship must always apply to the discharge of […]

Recently, Jill Michaux discussed, the “33 Don’ts For Preparing To File Bankruptcy”. My staff reviewed the list and found it to be excellent, but then, they started discussing their own list, recognizing that the “33 Don’ts” involved mostly dealings with the attorney and consequences from the Court. The staff believes that they spend more time […]

There are lots of street myths about debts and payments. One prevalent one is that the credit card company cant do anything if you are making even bare minimum payments. This simply isnt true. The statement you receive from the credit card company each month has a minimum payment amount. This will change based on […]

Eugene S. Melchionne in his article entitled:  “Is A Reverse Mortgage Right For You?” provides a excellent summary of the pros and cons of the reverse mortgage and is necessary reading if you are considering a reverse mortgage. So what if you have weighed the pros and cons and have decided to get a reverse mortgage!  […]

If you have been researching the Chapter 13 process, you know that your Chapter 13 plan amounts to a three to five year repayment plan in which you send money to the Chapter 13 trustee, who then disburses that money to your creditors. There are a number of things that can go wrong in a […]

Just when you thought you had heard it all in the world of credit card rip-offs, debt collection and bankruptcy, something interesting happened in the office last week.  I met with two different potential clients who stated that their credit cards were cancelled, despite the clients having zero balances on the credit lines and decent credit […]