It should come as no surprise that the number of house fires have increased greatly over the last year. Â Whether it is homeowners trying to save on the high cost of home heating from last winter or homeless occupying vacant homes, or the victims of ‘mischief night‘, fire departments have been kept busy recently. Â However, [...]
October 2008
The plans to help homeowners who are facing the loss of their homes are doomed for failure. They are expensive, impractical and will only help a portion of those who need help. Carmen Dellutri’s recent article on these pages shows why mortgage modifications are still not working. There is one idea, however, that will work. [...]
The current bankruptcy law is based on the Bankruptcy Code enacted by Congress in 1978. It is found in Title 11 of the U.S. Code, and is supplemented by the Federal Rules of Bankruptcy Procedure. In addition, each District has its own local rules which determine the procedures used in the bankruptcy courts in that [...]
On the Bankruptcy Law Network I posted the views of the presidential hopefuls regarding bankruptcy. Now here is some information regarding McCain and Obama and their views on how they anticipate handling tax matters. Take the time to do the research because our Country is currently 10 trillion dollars in debt so the tax policy of either [...]
Effective October 1, 2008 the amount that a person can earn before they might have to file a Chapter 13 bankruptcy was changed. Known as Median Family Income or “The Means Test”, this dollar amount is the first step in determining whether or not a Chapter 13 bankruptcy may be necessary. Beginning October 1, 2008 the [...]
With the new school year, your kids may have brought home a flyer about a C.A.R.E. program being scheduled. C.A.R.E. stands for Credit Abuse Resistance Education and is a program created by Chief Judge John Ninfo (U.S. Bankruptcy Court – Western District of New York). The C.A.R.E. program is aimed at high school seniors and college students. The program teaches [...]
