Nashville bankruptcy judge George C. Paine, II confronted one of the thorniest issues facing debtors in his district, and crafted a creative solution to deal with the problem. The debtor in that bankruptcy case was caught in a situation more and more homeowners now face. Having filed Chapter 7 bankruptcy and elected to give up [...]
Dana Wilkinson, Attorney at Law
How do you go about choosing your bankruptcy lawyer? Most people never expect to be faced with bankruptcy. Then there’s the embarrassment factor. Facing bankruptcy is not something that most people are anxious to share with friends and neighbors. It’s not like asking for advice about a hairdresser or lawn service. So how do you [...]
So, you’re in a Chapter 7 bankruptcy and you want to know whether you should reaffirm your car loan. A reaffirmation agreement basically takes a secured loan, like a car loan, outside the effect of your bankruptcy discharge. As to that one debt, it’s like you never filed bankruptcy. You filed Chapter 7 bankruptcy in [...]
Bankruptcy fraud is back in the news today, with the indictment of Lenny “Nails” Dykstra on charges of bankruptcy fraud and obstruction of justice. The indictment accuses Dykstra of looting his mansion of furniture, fixtures and memorabilia that belonged to his bankruptcy estate, and selling or destroying those items. Dykstra’s attorney maintains he did nothing [...]
I discuss financial problems with people everyday. I usually ask people to give me a little history–how did they get to the point of needing to discuss bankruptcy? Some of the answers wouldn’t surprise you–job loss, medical bills, divorce. But it might surprise you how frequently I hear a story that involves financial help to [...]
Last week a Columbus, Georgia jury awarded more than $21 million to a soldier in a mortgage servicing dispute. Sergeant Brash bought his home in 2007, and always paid his mortgage through an automatic bank draft. Despite the bank drafts, after about 18 months he began receiving notices that his payments were delinquent. He tried [...]
