This New York Times article describes how foreigners are now fleeing Dubai to avoid debtors’ prison. Dubai’s economy, heavily reliant on real estate, is crashing and as many as 3,000 cars are purportedly abandoned at Dubai Airport, left behind by “fleeing, debt-ridden foreigners.” A stark sign of the times, to be sure. It makes one [...]
February 2009
Chip Parker, Jacksonville Bankruptcy Attorney says that the “proposed bankruptcy amendment will even help those who don’t want to file” for bankruptcy. He’s right.  Mortgage modifications are good for everyone. Even for those who are paying their mortgage on time.  Why? If a homeowner can’t modify his mortgage, foreclosure is the only option.  And not everyone [...]
Just like banks say that they don’t want to file foreclosures, people don’t want to file bankruptcy either. What are the warning signs that you need to file for bankruptcy?
Many of my foreclosure defense clients would be fine financially if it were not for their foreclosure. They are current on car payments and credit card bills. But for their awful mortgage situation, they would never consider filing a bankruptcy. The good news is that, if Congress passes the Helping Families Save Their Homes in [...]
Credit card companies, or any creditor for that matter, can sue a debtor and may be able to take the debtor’s home, real estate, car, boat or any other personal property they own. People seem to think that if they don’t sign something that gives a creditor a lien on collateral, the creditor can’t take [...]
April Charney’s importance to this country cannot be over stated. Ms. Charney is not just a hero to the poorest members of our society, she is a mentor to many lawyers dedicated to protect the middle class, including me. Not only does she provide valuable guidance and training to any consumer attorney that asks, she [...]
