Most, if not all, of my clients tell me they don’t ever want another credit card. I just laugh and tell them they will want one in a few months because that is what society has taught us. Besides you need one to rent a car, make hotel reservations, and the like. [...]

In a consumer bankruptcy, the financial analysis contained on the means test form (Form B22A in chapter 7, Form B22C in chapter 13) can mean the difference between success and failure.  In a close case, it may be necessary to take every possible deduction, to avoid having the means test show that the debtor has [...]

A recent bench decision by Maryland Bankruptcy Court Judge Thomas J. Catliota was an important ruling regarding the real party in interest requirement of FRBP 7017.
Americredit Financial Services, Inc., an auto loan servicer, filed a MLS in its own name. Its name appears on the car title as the sole lienholder, it represented that it [...]

Repeat after me: “Bankruptcy stops collection lawsuits. Bankruptcy stops collection judgments.” Now, go write this on the blackboard 100 times.
Bankruptcy is a federal right, direct from the U.S. Constitution. Collection lawsuits are state law and they lose out to the superior federal law.
If anyone tells you otherwise, please PLEASE immediately write [...]

There are several articles throughout BLN that tell you about why you should not represent yourself. This is so important that I am going to remind you again about why you probably do not want to take a chance and represent yourself. In fact I think all us will continue to tell you [...]

The pain of foreclosure runs deep. According to an article in The Washington Post, “Losing a Best Friend Along With the House,” local animal shelters are reporting that 15% of animals received in the past two months are the result of foreclosure.
The story quotes Kathy Dillon, the operations coordinator at the Montgomery County, Maryland Humane [...]

For many years bankruptcy was seen as something that was used by either businessmen like Donald Trump or by people who didn’t have much income. This is no longer true as people in lower, middle, and the upper class are turning to bankruptcy lawyers for help.
My friend, colleague, and sometimes adversary, Rick Mitchell [...]

Susanne Robicsek has already written about the Senate’s refusal to take action which would help homeowners in foreclsoure keep their homes. According to The Hill, Senator Dick Durbin, sponsor of the legislation (who, by the way, fought valiantly for its passage) had this to say:
“This really tries my patience,” he said. “At this point [...]

The biggest problem I have found in addressing flawed mortgage originations is that when there is wrongdoing on the part of industry it is often perpetrated by mortgage brokers. Many mortgage brokers are honest, but others spurred on by the desire for sales commissions commit fraud when inducing people into deals. This was [...]

My office has been flooded this week with clients with failed offers in compromise for IRS tax debt. Like most clients, they have been clinging to the hope that there was a solution other than bankruptcy.
The comparison of OIC vs. bankruptcy is neatly laid out in an article by Larry Heinkel in the Florida [...]