AARP’s magazine column The Short Answer echoed my view exactly: stop fighting bankruptcy. People often wait too long to make the bankruptcy decision, invading retirement and college savings to the detriment of their future. The fear about “ruining credit” is misplaced:Â most of those in deep enough to consider bankruptcy have lousy credit already says [...]
May 2009
When the Senate voted against legislation which would allow mortgage modification in chapter 13, it gave a green light to mortgage foreclosures at a record pace. Now, the only people getting crammed-down are American Homeowners.
There is nothing more professionally rewarding to a bankruptcy attorney than to revel in his client’s success just a few years later.
A secured creditor, or its non-attorney representative, may now send account statements and the like to a debtor without first seeking stay relief, so long as the communication does not demand payment or threaten foreclosure or case dismissal. The secured creditor may also discuss or negotiate a mortgage modifcation with debtor’s counsel, but not directly [...]
Yesterday, I wrote that Banks were drastically raising rates on credit cards even if people were just a few days late. That’s true enough. But some banks are so desperate and greedy that they don’t even wait for the consumer is late before squeezing them for payment. And this includes banks who have benefited from [...]
An attorney can limit her appearance in a bankruptcy case to a particular contested matter or adversary proceeding in Massachusetts, without generally appearing on behalf of a debtor for all contested matters, if the client agrees and either (1) the client is otherwise pro se (case filed without an attorney) and the attorney is working [...]
