December 2009

What’s “bankruptcy assistance” and why do I care? – One of a series

by David Leibowitz, Illinois and Wisconsin Bankruptcy Attorney

You may remember from an earlier post that you are probably an “assisted person”.  Another of our posts explained to you that your bankruptcy lawyer seems to be a “Debt Relief Agency”. What do “Debt Relief Agencies” do for “assisted persons”.  It seems that Congress thinks that they give “bankruptcy assistance”. Here’s what the Bankruptcy [...]

What’s a “claim” in bankruptcy? – One of a continuing series

by David Leibowitz, Illinois and Wisconsin Bankruptcy Attorney

The point of bankruptcy is to get out of debt.  You get out of debt by getting a “discharge” in bankruptcy. What’s the point of getting a discharge?  Well, if you get a discharge in bankruptcy, you are no longer liable to pay any creditor on account of a “dischargeable claim.” Sounds like we are [...]

A panel of New York state court judges has once again denied Robert Bowman’s application to be admitted to the practice of law in that state, citing lack of “character and fitness” due to his unusually large student loan debt of $480,000. These two decisions, Matter of Anonymous, D-11-09 (Supreme Court, Appellate Div., Third Dept., [...]

Cold Weather Rule In Missouri

by Rachel Lynn Foley, Kansas City, MO, Bankruptcy Attorney

It is critical that you be  aware of  the Missouri Cold Weather Rule this winter season.   The Missouri Attorney General has outlined the information to help keep you warm.  Unfortunately many will try and light bar-b-que’s inside their homes or kerosene heaters because they are unaware of this rule.  Either attempted solution could result in [...]

Video: What is Chapter 11 Bankruptcy? (Part 2)

by Kurt O'Keefe, Attorney at Law

Proposal Renewed to Modify Mortgages in Bankruptcy

by Adrian Lapas, Eastern North Carolina Bankruptcy Attorney

Tomorrow, the House of Representatives is scheduled to take up the appropriately named Wall Street Reform and Consumer Protection Act (H.B. 4173).  Of keen interest to us on Bankruptcy Law Network is a provision allowing for the judicial modification of mortgages in bankruptcy.  This provision had previously passed the House (H.B. 1106) but stalled in [...]