Recently, the Administrative Office of the United States Courts released the bankruptcy filing information for 2007.  Personal bankruptcy filings reached 822,590  and business bankruptcy filings reached 28,322, for a total of 850, 912.  The number of bankruptcy filings rose approximately 38% over the 2006 number of 617,660 filings.  I would like to say that I am shocked [...]

Popularity: 16% [?]

Aloha Airgroup, Inc, recently filed for Chapter 11 bankruptcy protection. Aloha Airgroup, Inc. is the parent corporation of Aloha Airlines, Inc. This is the company’s second bankruptcy in less than three (3) years.
You may be asking yourself, what do I have in common with Aloha Airlines? I will answer that soon, but [...]

Popularity: 45% [?]

The Mortgage Crisis is in the beginning stages.  Based upon all the articles and studies that I have been reading, we are about 15% to 25% into this disaster.  So far, the only solutions being offered by the Bush Administration have been negotiation strategies.  Obviously, these ploys have not worked, as the number of foreclosures [...]

Popularity: 29% [?]

As consumer bankruptcy attorneys, the members of this network are on the cutting edge of bankruptcy issues, and more importantly, we see the latest trends and issues that consumers see in debt collection, mortgage fraud, credit card abuses, etc.  Well the two most common used words in my offices in 2008 are CASH ADVANCES.  It seems [...]

Popularity: 25% [?]

The Medical Bankruptcy Fairness Act, H.R. 5138, was introduced in the House of Representatives on January 28, 2008. This bill, if passed in its present form, would amend the Bankruptcy Code is several different ways.
Before we begin analyzing the bill and the changes that could be made to the Bankruptcy Code, it is important [...]

Popularity: 24% [?]

Recently, U.S. District Judge Richard Cebull, sentenced a Billings, Montana woman to the maximum sentence allowable for crimes including bankruptcy crimes against her mother. The woman, named Nancy Short, admitted the wrongdoing and asked for forgiveness; however, the Judge was not persuaded. He even went over and above the recommendations made by the [...]

Popularity: 8% [?]

No-one ever wants to file for bankruptcy, but the residents of Florida face an uncertain future. Business bankruptcies are going up. Consumer bankruptcies are going up, despite the New Bankruptcy Law. I hate to say it, but I believe that 2008 will make 2007 look like a economic dream year.
My reasons are [...]

Popularity: 39% [?]

It just seems like yesterday that Bankruptcy Attorneys across the nation were discussing the new Bankruptcy law (2005) and how it will change bankruptcy practice. Many bankruptcy judges, scholars and practitioners were vehemently opposed to changing the bankruptcy laws.
Unfortunately, we lost that battle and the new bankruptcy laws were implemented. But, we were [...]

Popularity: 22% [?]

Democrats in the House of Representatives that are pushing legislation to reform the Bankruptcy laws won support from a Republican yesterday. Ohio Republican Rep. Steve Chabot signed onto the bankruptcy bill being considered by the House Judiciary Committee. The bankruptcy bill would allow Bankruptcy Judges more flexibility to change the terms of some [...]

Popularity: 25% [?]

As a Bankruptcy and Personal Injury lawyer, I receive a rather unique perspective in my practice. Lately, I am seeing more bankruptcy clients who fell behind on their monthly payments, credit cards, mortgages, etc. because of injuries they received in a motor vehicle accident.
Individuals are not immune from car accidents, and let’s face it, [...]

Popularity: 16% [?]