In his recent article, Congressman Ron Paul of Texas concludes that forcing inefficient corporations into bankruptcy is a more reasonable solution than bailing them out. “Bankruptcy was the stimulus that we needed in the case of AIG. More bankruptcies would clean out mal-invested resources and enable economic growth again.” Ron Paul gets it right, but [...]
March 2009
Diane Davis was sworn in as Bankruptcy Judge for the Northern District of New York, Utica Division on March 6, 2009. Judge Davis replaces Judge Stephen Gerling, who recently retired. Judge Davis received her B.A. in Economics and German from St. Lawrence University in 1976 and her J.D. from Albany Law School in 1991. From [...]
Those filing Chapter 7 bankruptcy almost always get a discharge. The law presumes the individual is entitled to a discharge. Only if a creditor or trustee challenges the entitlement to a discharge by filing an adversary proceeding is there an inquiry. My clients imagine that they must justify the filing of their case or prove [...]
You’re looking for bankruptcy information online and stumble across a website with what appears to be relevant information. Do you trust it? How do you know? You’ve asked yourself this a million times as you surf the net – who do you trust? Get the right information and you’re all set. Â Get the wrong information [...]
Yes, either that or vehicle debt, which have been handled like mortgage debt that brought the foreclosure and economic crises we are in. I mean packaged and sliced and diced and marketed into securitized trusts with derivatives and the whole nine yards. Lowering your limit can be an abusive credit card practice, say, if you [...]
Jefferson Duarte, a Rice University finance professor, designed a study to analyze more than 12,000 loan applications submitted to Prosper.com, a internet lending company. Prosper.com matches borrowers with a group of lenders they have assembled. Applicants submit all the standard financial information plus a picture of themselves.
