If you’re a bankruptcy lawyer, would you like to master the essential skills every bankruptcy attorney must have … all by Labor Day? Most outsiders think the practice of consumer bankruptcy law is nothing more than filling in a bunch of forms and collecting a fee from a client. But now that you’ve been doing [...]
Cathy Moran, California Bankruptcy Lawyer
Filing bankruptcy does not predetermine what happens to the house after bankruptcy. In an era of underwater houses, the home may just pass through bankruptcy in the direction of your choosing thereafter. The eventual fate of the property does not necessarily have to be decided before a bankruptcy case is filed; if the house is [...]
Debt colllectors use the threat of being sued because it terrifies most people. Debt collectors know that, and use it. Yet most of the things consumers fear are myths. Among the myths I encounter among my clients: I can be sued and not know it. The creditor can come to my house and take my [...]
Why is it that bankruptcy lawyers value their work so little that they rush to be the cheapest attorney in the Yellow Pages? Why do they meekly accept what the bench considers a “presumptively fair” fee? Why is eye popping quality not the hall mark of the consumer bankruptcy bar? The court adopted no-look attorney’s [...]
Business owners who find themselves liable for unpaid payroll taxes are in deep trouble. The trust fund portion of the tax, the amount withheld from employees’ checks, becomes a personal debt of anyone in the business who could have paid that money over to the IRS. Usually, trust funds make up about 2/3rds of the [...]
In a down market for home values, a foreclosure sale can create an entirely new creditor in the form of the IRS, collecting taxes on canceled debt. Uncle Sam is the phantom creditor. Homeowners facing foreclosure may benefit from filing bankruptcy, even if they have no bills other than the mortgage , because bankruptcy is [...]
