November 2009
student loan law changes debts arising from a divorce order creditors not notified of the bankruptcy student loans you may not discharge all your debt payroll taxes, the loan that lives forever
Bankruptcy has an official secrets law and it is contained in section 526 of the bankruptcy code. A lawyer can not advise a client to take out a new loan before filing bankruptcy. The Bankruptcy Abuse and Consumer Protection Act of 2005 includes this rule and I am going to break it legally. Why would [...]
Bankruptcy lawyers have grown accustomed to hearing alarming stories from clients about so-called mortgage loan modifications which never seem to be finalized: homeowners being strung along by disingenuous mortgage company reps until foreclosure, “trial modifications,” unreturned phone calls, never ending requests for documents, never getting the same mortgage company rep on the phone twice, being asked for the [...]
Much has been written on this blog about “reaffirmation” – the process by which a Chapter 7 debtor formally and in writing agrees to opt out of the protections inherent to a bankruptcy discharge and assume again contractual liability for secured (or unsecured) debts like mortgages and vehicle loans. You should always speak to your [...]
On Friday the thirteenth, the Fed shut down Orion Bank. The Orion Bank closing constitutes the 122nd bank failure this year. Orion owns a branch across the street from my office. I would like to say that this was shocking, but it wasn’t. For years, my clients have been filing for bankruptcy on loans given [...]
