Family Debt Problems

07 May Sometimes In Bankruptcy It Is Good To Focus On Something Besides Yourself.

[caption id="attachment_40029" align="alignleft" width="230"]Life Focus Sometimes you must focus on something besides yourself.[/caption] The term bankruptcy often sends people into a spiraling state of panic as I have discussed in prior articles. It is not unusual when discussing the bankruptcy process for people to break out in a cold sweat. Their pupils dilate as their flight or fight system kicks in from the fear that washes over them. As well a lump develops in their throat and a gnawing sensation swells in their gut from the fear and anticipation when discussing bankruptcy. These feelings and physiological responses are great if you are getting ready to compete in any athletic event but not so much when you are dealing with the reality that your finances appear to be beyond your control. So what do you do?
Read More

06 Feb Do Not Rely on Speculative Income When Commiting to Your Chapter 13 Plan

rolling the diceI knew that my Social Security disability client had filed a bankruptcy with another lawyer but I was not aware that my client planned to use his lump sum past due benefit check to fund his Chapter 13 plan. Not surprisingly, my disability client was especially unhappy when his case was turned down by the judge. I was not surprised - my client’s case was weak and he had appeared before a Social Security judge with a higher than average rate of denials. I was shocked, however, to learn that my client had promised his bankruptcy lawyer that his case was a slam dunk winner, and equally shocked the lawyer built the hoped for lump sum payment into my client’s Chapter 13 plan.
Read More