In part one, I discussed some recent Bankruptcy Law Network posts on reaffirmation agreements. For part two, though, we’ll focus soley on the reality of a typical auto loan scenario. Forget About the Law “What?” you say. “This site is all about the law!” That’s true, but reality is more important. The reality is that [...]
debtors’
Chapter 13 bankruptcy is especially well tailored to middle and upper middle class Americans who are having financial difficulty. In a Chapter 13 creditors get paid back at least some of what they are owed, and debtors participate in an affordable payment arrangement administered by a Chapter 13 Trustee. Chapter 13 is usually a win-win [...]
Drunk from the billions in federal bailout milk, Bank of America decided to raise Red Bluff, California resident Ann Minch’s credit card interest rate to over 23%. Bank of America’s move was both bizarre and self-destructive. Bizarre because Minch, though recently laid off, had continued to make the required payments to the bank, at times [...]
