I do not know about you but I am completely and totally stressed! Â Why? Â My clients are stressed, my judges are stressed, my trustees are stressed, our nation in general is stressed, so I guess it is natural that I am stressed. Â So why is there so much stress during the holidays?
December 2009
Sadly, a longtime Jacksonville Beaches developer took his own life on December 22nd at least partly because of his deteriorating financial condition. Â As a bankruptcy lawyer, I am always particularly disturbed by stories like this because I believe I may have given some hope in a seemingly hopeless situation. According to a St. Johns County [...]
Congress thinks that people who are above-average earners are abusing the bankruptcy system when they file chapter 7. Congress wanted above-average earners to file cases under chapter 13 and devote 5 years of their disposable income to paying some of all of their debts.
Chapter 12 is a little known part of the Bankruptcy Code that can be exceptionally helpful to family farmers and family fishermen. Under chapter 7, debtors discharge all of their debt but lose all of their non-exempt assets. Â Under chapter 13, debtors keep all of their non-exempt assets but devote 5 years of disposable income [...]
I’ll bet that if you asked the average person what debt is the worst kind of debt, he’d say taxes. Â But owing student loans is, ironically, far worse than owing Uncle Sam. During my next few posts, I’ll examine exactly what a student loan is, a bit of history of how the Bankruptcy Code has [...]
You may recall the “Soup Nazi” episode from the hit television series Seinfeld. In the video, the Soup Nazi can be seen taking away soup from George because George cannot seem to follow the proper protocol. I like to compare the soup nazi to the mortgage companies who are supposed to be helping homeowners modify [...]
