Stuck With Parent Plus Loans: The Same Discharge Problems, Only More So

07 Oct Stuck With Parent Plus Loans: The Same Discharge Problems, Only More So

Posted at 14:16h in Bankruptcy Basics by Dana Wilkinson, Attorney at Law 0 Comments

One of the things I regularly tell my clients is that bankruptcy is contrary to common sense, or to our expectations of the way the world works. At its root, bankruptcy is a breach of contract, allowing one to avoid obligations that exist under contract....

12 Sep Chapter 11 Bankruptcy: The Good, the Bad, and the Ugly for Small Business

Posted at 09:29h in Business Bankruptcy, Chapter 11 Bankruptcy by Dana Wilkinson, Attorney at Law 0 Comments

Chapter11bankruptcies for big companies make big news. There is theChrysler Chapter11, which is pretty much considered a success. There is the GM case, which is a bit more equivocal. And there are the perpetual airlineChapter11s. What you don't hear a lot about are small businessChapter11s. They...

03 Aug Tax Withholding is NOT the Way to Balance Your Budget

Posted at 15:04h in Personal Finance by Dana Wilkinson, Attorney at Law 0 Comments

In the last week or so I've had no fewer than three clients tell me that they changed their payroll tax withholding to claim the maximum deductions because it was the "only way to pay the bills." I've seen people do that, and tried to...

02 Jul Rules for Cold-Calling Prospective Bankruptcy Attorneys

Posted at 05:44h in Bankruptcy Basics, Your Bankruptcy Attorney & You by Dana Wilkinson, Attorney at Law 0 Comments

Inspired by a Popehat post regarding cold-calling attorneys in general, I decided to rant a bit about cold-calling bankruptcy attorneys, and in particular the persistent requests I get to (1) answer "general" bankruptcy questions "real quick" on the phone, and (2) give a "real quick"...

02 May Student Loan Debt: The Case for Discharge

Posted at 06:17h in Bankruptcy Basics, Student Loans by Dana Wilkinson, Attorney at Law 0 Comments

It seems pretty clear to me that student loan debt has reached crisis proportions. I've posted about the growing amount of student loan debt, which now exceeds credit card debt, and the increasing attention drawn to the issue by politicians, protesters, and the media. The...

28 Apr Is Student Loan Debt the Next Debt Crisis? Well, duh…

Posted at 10:34h in Bankruptcy Basics, Student Loans by Dana Wilkinson, Attorney at Law 0 Comments

The problem of student loans in bankruptcy is the bane of my existence as a bankruptcy lawyer. Sometimes it's just the amount of the debt--a client who incurred $100,000 to get a degree that qualifies him to make $24,000 a year. Sometimes it's the combination...

Author: Dana Wilkinson, Attorney at Law