Recently the U.S. District Court in Connecticut ruled that parts of the revised Bankruptcy Code were unenforceable. (See “Federal Court Strikes Down Bankruptcy Code Provisions“) But some parts of the case remain undecided. While the Court decided that attorneys not engaged in the practice of bankruptcy law did not have to comply with certain provisions [...]
September 2008
During the campaign of Bill Clinton in 1992, it was said that a sign hung in his headquarters stating, “It’s the Economy, Stupid!”. Â It was there to remind everyone to focus on the problems of the domestic economy and not so much foreign diplomacy. Â Today’s economic issues can be reduced to one word: foreclosure. Â Wall [...]
You get your bankruptcy discharge, try to re-finance your mortgage, and are told you do not qualify because of a debt or debts still on your credit report. How can this be? Carmen Dellutri has blogged on this issue. It is called zombie debt, debt that will not die. There are many companies which buy [...]
This blog is about Debt. Our leaders in Washington are about to strap us with a bucket load of debt. Debt that will be with our grandchildren, even though the Government anticipates making a profit. Make no mistake there will be a bunch of arms twisted, and We Will Have A Bailout Bill soon. The [...]
In a consumer bankruptcy case, sometimes the trustee will request, or even demand, that the debtor amend the schedules based upon the trustee’s opinion that something has been omitted, or that something is incorrect. Usually, the trustee is right and the debtor makes the amendment. After all, the bankruptcy schedules are complicated and contain a great [...]
Divorce attorneys like to insert language in the divorce agreements or decrees reciting that certain obligations are not dischargeable in a subsequent bankruptcy case by one of the ex-spouses. Now there may be differing opinions on what parts of a divorce decree are or are not dischargeable in a bankruptcy, but such language does not [...]
