Bankruptcy lawyers hear from potential clients fairly regularly that they need to file quickly because they don’t want their future wife or husband to be held responsible for their debt problem. In most cases, their fears are misplaced. The marriage, by itself, usually will not make the new spouse responsible for your past debts. There [...]
July 2009
Galatians 5:17 may provide insight into why people not only go into debt but also why sometimes why bad decisions are made. This passage discusses the conflict between your spiritual self and your flesh. Another interpretation is that your corrupt nature is in conflict with your spiritual nature. I view it as you are in [...]
If you have discovered that your debt has become unmanageable, and you don’t see any way out of your financial situation, you may be considering bankruptcy as a solution. As many people can tell you, though, bankruptcy can be quite stressful. Here are some techniques you can use to reduce your bankruptcy related stress. First, [...]
Perjury is a federal crime when it happens in conjunction with a bankruptcy case. When my clients sign their Petition I inform them no less than 4 times that they are signing the documents under penalty of pejury that everything must be truthful and accurate to best of their knowledge. This means tell me [...]
CNNMoney has collected comments and reviews of the government’s Home Affordable Modification Program, or HAMP, which demonstrate the frustration that borrowers are having trying to get HAMP modifications through the approval process. Most servicers started implementing the program in April and May, but soon faced harsh criticism as applications flooded in. CNNMoney.com has heard overwhelming [...]
Over the past few days, I have written two posts about special problems that arise when an MLM distributor seeks to file bankruptcy. In the last post I spoke about the presumption of abuse problem that could arise if an MLM distributor filed a Chapter 7 immediately after losing his commission stream due to a [...]
