I’ve been asked the question a thousand times.  ”How can your clients afford to file bankruptcy if they don’t have any money?”  Its a good question.  Certainly a question I asked before opening my consumer bankruptcy practice 18 years ago.  Where does the money come from? Lets start with the obvious. Family.  I have seen [...]
October 2009
Medical bills from a prolonged or serious illness are one the most common reasons why people need to file for bankruptcy. I often get calls from people looking to file a medical bankruptcy. But there is no such thing as a medical bankruptcy. Medical bills are unsecured debts ( just like credit card debts), so a debtor filing [...]
When will they figure it out? Wells Fargo and Chase have announced they plan to kick consumers while they are down again. Credit card rates are being increased, 3 percentage points by Wells following a similar increase by Chase, in the worst economic climate since the 1930s. A Wells Fargo spokesman said that the bank [...]
For the first time since means testing was introduced in 2005, several of the median income numbers for Georgia families have gone down. This means that the presumption of abuse is more likely to arise for Georgia filers. Here is an example: if you have a family of 4 and file Chapter 7 on October [...]
Pamela Stewart, a Houston/Victoria (Texas) consumer bankruptcy lawyer spoke recently about bankruptcy at The People’s Law School sponsored by The University of Houston Law Center – Center for Consumer Law. Highlights of the session included discussion of the different chapters of bankruptcy, who is eligible to file a Chapter 7 or Chapter 13 bankruptcy, the meeting of creditors that [...]
Unless you’ve been living under a rock, you know that foreclosures are at record levels. That’s true all over, but it’s even more of a problem for folks in Michigan. Caught between the real estate meltdown and increasing globalization of manufacturing, things haven’t been this bad since the Great Depression. Unemployment is at almost 15%, [...]
