This is a continuation of the original post entitled “If I Can’t Pay My Bills, How Can I Afford to Pay My Bankruptcy Attorney“.
As was discussed in the original post cited above, it is frequently difficult for those in need of bankruptcy relief to afford to retain a bankruptcy attorney.  The original post stopped at [...]

As you may know if you have been following this blog, Wendell Sherk wrote about the Stop Unfair Practices in Credit Cards Act back in May.  I recently stumbled upon a handy summary of the act here, provided by one of the sponsors, Senator Carl Levin of Michigan. 
To review, the Act would do the following:

prohibit [...]

The bar is the rail that separates the public seating area of the courtroom from the counsel tables. Only persons licensed and admitted to the bar are permitted to cross beyond this rail and appear before the court on behalf of a client.
Lawyers are a talkative bunch. But did you ever hear [...]

Two-Cycle billing is an underdisclosed billing scheme employed by the large purveyors of credit cards like Bank of America and Capital One. The manner of its operation serves to reward consumer behavior which results in ever growing credit card balances from month to month, while penalizing consumers who try to shrink what they owe [...]

Consumers have less than two weeks to let the Federal Reserve Board know what they think about the Fed’s proposal to overhaul the rules regarding credit card disclosures. The Fed, which has authority to issue regulations governing credit cards under the Truth in Lending Act, issued a comprehensive proposal in June of this year. The [...]

Spokesmen for the loan industry claim that there is no need for Congress to alter provisions of the bankruptcy code to prevent foreclosures.  They could not be more wrong.  Witness a recent loan offer on the web:  “180,000 Mortgage for Under $999 a month!”  This intriguing offer from www.lowermybills.com popped up in connection with an [...]

I heard from another Bankruptcy Attorney today that Countrywide Home Loans has opened a phone line, 1-800-262-4218, to help people prevent foreclosure.  I believe this program is in direct response to President Bush’s statements of several weeks ago.  As you may recall, President Bush requested that mortgage companies begin to work with people who are [...]

The Associated Press reported yesterday that consumer credit rose by $7.5 billion in July, an increase of 3.7%. Credit card debt rose by 6.6% in July, suggesting that consumers are turning to credit cards instead of home equity to finance purchases. Access to home equity has been reduced as mortgage lenders continue [...]

My recent post on credit card lending appears in Tushar Mathur’s first ever Carnival of Everything Finance. The Carnival has a huge collection of useful links and stories about finance and Tushar’s blog, Everything Finance is packed with useful money-saving personal finance stories. So please take a moment to explore this excellent resource.
If [...]

Countrywide CEO Angelo Mozilo failed to predict the Mortgage Market Mess.
Readers of the Bankruptcy Law Network were well-informed.
In an August 11 Wall Street Journal article, Reversal of Fortune No. 1 Company in Mortgages Faces Turbulence, Mr. Mozilo said getting out of the risky subprime and option ARM mortgages “would have been an insight only, I [...]