Bankruptcy is our issue on this blog.  Bankruptcy is on the minds of our clients, and the Bankruptcy debate is now back in full swing with the recent announcement of Senator MBNA a/k/a Senator Joe Biden being selected as Senator Barack Obama’s Vice Presidential choice.
Even if we forget all the comments made by Senator Biden was [...]

A topic that has been written about on this site on several occasions is the risk a client runs by failing to disclose all of his assets to his attorney when filing a bankruptcy.  In articles by Jill Michaux, Chip Parker and Susan Robicsek these risks are discussed,   However the risk of being denied a discharge in bankruptcy [...]

Toby Mac’s Lose My Soul was the inspiration for my article of Don’t let your debt own you! that I wrote earlier today.  The article is about gaining your quality of life back and breaking the debt ties that bind and control the very essence of your being.

The hobby horse I was all set to ride today has to do with the pay stubs that I have to collect from my clients prior to filing any bankruptcy case.  I’ll get to that later.  I got sidetracked when I did a search to see if any of my colleagues had recently written on [...]

Life is too short to let your debt own you.  Please allow me to explain what I mean.  As Americans, generally speaking, we have a tendency to focus on “things.”  The more things we have the more successful we are.  The more things we have the more desired we will become.  The more things we have the [...]

Tighter restrictions to qualify for credit following the sub prime loan disaster has slowed the Hurricane Katrina recovery process for the city of New Orleans.
This is the finding of PolicyLink, a California based research group that analyzed data from various government-funded rebuilding subsidy programs targeted at assisting New Orleans residents in their rebuilding efforts following [...]

Although most persons filing bankruptcy will opt to use chapter 13 to stop a mortgage foreclosure, it’s important to remember that filing bankruptcy under any chapter, including chapter 7, stops a foreclosure just as effectively.  Chapter 7 not only stops a mortgage foreclosure, but it usually results in the discharge of almost all unsecured debts, without [...]

A Chapter 7 Discharge and a Chapter 7 Final Decree don’t necessarily come at the same time, although they often do if a case is a no asset Chapter 7 case. When a Chapter 7 bankruptcy case is filed, the debtor is asking to be released from the legal obligation to pay his/her debts – [...]

The New York Times joins the chorus of bankruptcy attorneys on our blogs in calling for Chapter 13 reform to give relief to homeowners being foreclosed.
Chip Parker, among others, has stated the many virtues of this proposed bankruptcy law reform.
Under current law, consumers cannot modify, or change the terms of, the mortgage secured by [...]

Economists quote the consumer price index “CPI” as support when they report on the economy.  The personal consumption expenditures price index “PCE” has recently been showing up in news reports when the government announces that the rate of inflation is a modest 5-6%.  Ben Bernanke, Chairman of the Federal Reserve, announced on January 1 that [...]