Leases are their own animal under the bankruptcy code. They are neither secured debt, nor unsecured debt. They get their very own schedule, schedule G. And the Bankruptcy Code provides that leases can be assumed or rejected. Rejection, as you might have guessed, means nope, not interested, take your leased property back, don’t [...]
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Here is a tip I picked up from Jacksonville FL bankruptcy lawyer Bobby Shinedown Wilbert that could save you thousands of dollars on your credit card debt. Call your credit card bank and ask for a lower interest rate and a lower principal balance. You might get a zero interest rate if you are willing [...]
image credit: dreamstime No one has advocated Chapter 13 bankruptcy reform, to allow courts to re-write the terms of mortgages secured by homes, longer than the bloggers on this site. I have not seen our argument for Chapter 13 bankruptcy reform put better than in this Washington Post article. Kansas bankruptcy attorney Jill MIchaux [...]
On September 23, 2008, the Credit Cardholders Bill of Rights (HR 5244) passed the House of Representatives by a 312-112 vote. The Credit Cardholders Bill of Rights is an important consumer bill, offering significant changes to federal statutes that help protect consumers in credit transactions. Among the improvements included in the bill are:
