Chip Parker is the managing partner of Parker & DuFresne, P.A., where he represents Northeast Florida businesses and consumers facing bankruptcy, and homeowners facing foreclosure. His firm files more homeowners in the Mortgage Modification Mediation Program than any other law firm in Northeast Florida.

Parker is the recipient of Jacksonville Area Legal Aid's prestigious Award for Outstanding Pro Bono Service. Mr. Parker is an active member of the National Association of Consumer Bankruptcy Attorneys and National Association of Consumer Advocates.


Author: Chip Parker, Esq.

12 Apr Why Are Student Loans So Difficult to Discharge in Bankruptcy?

In light of the recent news that Sallie Mae, America's largest student loan provider, fraudulently provides monetary incentives to schools pushing their student loans, it makes one wonder why loans from this company, and other student loan companies are (a) guaranteed by the U.S. Government, (b) given extraordinary collection powers and (c) are virtually non-dischargeable in bankruptcy. Nowhere have I found a decent explanation.

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09 Apr How the Subprime Scam Works

I have written a few articles about the crash and burn of the subprime lending market, but why am I so gleeful about the suffering of lenders, such as the recently-bankrupt New Century Financial Group? After all, the subprime lenders were heralded by our presidential administrations, both Republican and Democratic, as the broker of the middle-class American Dream. In reality, these lenders are breaking the American Dream for the middle class.
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27 Mar Can A Second Mortgage Be Wiped Out in Bankruptcy?

It is no secret that lenders have been doing some pretty crazy things over the last few years to feed the real estate frenzy that took place nationwide from about 2000 until 2006. It is also no secret that the housing market bubble has burst, and home values have been steadily declining over the past 18 months. This may create an opportunity for homebuyers to get much needed relief in bankruptcy.
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26 Mar Spike in Foreclosures “Just Tip of The Iceberg”

Senator Richard Shelby (R-AL) recently described the current spike in home repossessions as just "the tip of the iceberg." He and Christopher J. Dodd (D-CT) head the U.S Senate Committee on Banking, Housing and Urban Affairs, and on March 22, 2007, they heard from regulators, industry executives, and consumers at a hearing to investigate the subprime mortgage crisis that could cause 2.2 million homeowners to lose their homes in the next few years. So, who is to blame? Well, as it turns out, there’s enough blame to spread around. There’s the economy, the unrealistic growth in the housing market in 2005, the banks and, according to some, even you.
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19 Mar Tips to Avoid Debt Management Scams

In many cases, people that seek bankruptcy consultations have unsuccessfully tried to regain control of their finances through a debt-management company. All too frequently, the result is that they find themselves deeper in debt after paying hefty fees to the company. As Marshall Loeb, writer for MarketWatch, reports, Be especially wary of debt-consolidation or counseling organizations that:
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