Unfortunately there is a growing problem of lenders that are refusing to take possession of vehicles surrendered in bankruptcy. We see this not only with motor vehicles but we are also seeing this occasionally in housing. Because of low values some lenders are unwilling to to foreclose to the detriment of the neighborhood. The lender [...]
September 2011
Bankruptcy might be able to help you get a car back that has been picked up by the Sheriff to sell to pay on a judgment claim, but it would be better not to wait until you see your car (or other property) being taken away to call a lawyer. You might be able to [...]
How can a person get away without paying me when they file for bankruptcy? The Bankruptcy Code and Rules written by the United States Congress are designed to give a fresh start to the honest debtors who have become unable to timely pay their debts in hopes that they once again become productive members of [...]
The majority of Chapter 7 bankruptcies in most jurisdictions end up being no-asset cases. This means that all the debtor’s assets are exempt. In such a case there are no assets for the trustee to administer and distribute to creditors. An exempt asset is an asset that can be removed from a debtor’s estate under [...]
Congtressman Clarke makes a modest proposal The latest news out of the Department of Education is that student loan default rates have risen 25% over previous figures, and the increase is especially pronounced among for-profit colleges. This should come as no surprise in dismal economy, but the economy is a copout to the real problem [...]
You know the drill; your brother, cousin, or good friend, is arrested on a criminal charge and wants to get out of jail pending a trial on his or her case. So you agree to sign a personal bond to gain a release from jail. And then your brother/cousin/good friend/dirtbag skips town leaving you owing the bail [...]
