Urging Congress to enact judicial mortgage modification is what 140 members of the National Association of Consumer Bankruptcy Attorneys and I were doing in Washington DC yesterday. We answered all the banking industry arguments, such as� “fairness”. So, the Chapter 13 bankruptcy reform would let the homeowner A, Mary, whose house is now worth 100,000, [...]
February 2009
Offers of judgment are fairly common in FDCPA litigation. Fed. R. Civ. P. 68 says, in relevant part: More than 10 days before the trial begins, a party defending against a claim may serve on an opposing party an offer to allow judgment on specified terms, with the costs then accrued. If, within 10 days [...]
Yesterday’s James Scurlock piece in Slate on what you really need to know about Suze Orman struck a lot of chords with me.� This, for example, on the reasons people file bankruptcy: Although study after study has shown that personal bankruptcies are caused primarily by catastrophic events like divorce, job loss, and, above all, medical [...]
Chapter 11 is not for everyone. But these days, we are seeing many clients who were doing very well just a few months ago and who are now hitting the rocks. For these clients, chapter 11 often turns out to be a good answer and the only viable answer.
Yesterday, Chip Parker wrote a rather scathing blog on the King Amendment to the Helping Families Save Their Homes in Bankruptcy Act. Chip’s comments came after researching the King Amendment and reading David Leibowitz’s blog analyzing the King Amendment on Mortgage Law Network. The reason for the amendment is to protect individuals or companies from the [...]
Proverbs 17:22 says “A joyful heart is good medicine, But a broken spirit dries up the bones.”� Not only does God state that it is good to have a hearty laugh but science also verifies that a good laugh is healthy for the soul and your heart. What does this have to do with bankruptcy?� [...]
