An article in this past week’s issue of the online publication Collection & Credit Risk raises the question of whether the spread of sub-prime loans in industries other than mortgages could prompt a replay of the Great Recession of 2009. According to credit bureau Experian, financing for new and used vehicles to borrowers with credit [...]
Jonathan Ginsberg, Atlanta Bankruptcy Attorney
In spite of the fact that most of what you read about reaffirmation in bankruptcy is clearly negative, there are some times when I’ll gladly help my bankruptcy client through the process. Madness or good lawyering? You decide. Much has been written on this blog about reaffirmation in bankruptcy. BLN author Jed Berliner makes a [...]
While the recent trend in Congressional tweaking of the Bankruptcy Code and resulting case law decisions from various federal circuit courts and even the Supreme Court has been to reduce the level of protection available to debtors, bankruptcy judges remain extremely protective of the integrity of the automatic bankruptcy stay. A recent Northern District of [...]
Next to emergency threats like foreclosure or repossession, unmanageable high interest credit card debt functions as perhaps the most common problem that drives people into bankruptcy, especially in the Atlanta area (Atlanta cases are subject to 11th Circuit law case law). Credit card payment calculators will quickly reveal that if you make minimum payments (1% [...]
If you have lost your job, or when you are facing financial hardship, you may have looked for creative ways to generate money. Many of my clients use eBay or other auction services to sell off valuables and here in the Atlanta area a number of “jewelry liquidators” (which are essentially high end pawn shops) [...]
A joint report by the Federal Reserve, Office of Thrift Supervision and Office of the Comptroller of the Currency found significant irregularities in the foreclosure activities of ten of the nation’s largest mortgage lenders, and ordered those lenders to “remediate all financial injury to borrowers caused by any errors, misrepresentations, or other deficiencies.” According to [...]
