February 2014

17 Feb Last Day to Comment on New Chapter 13 Plan, Petition, Schedules, Means Test, Bankruptcy Rules Changes

The deadline for public comments to proposed changes to bankruptcy rules and official forms has been extended two days to Tuesday, February 18, 2014, at 11:59 p.m. eastern time. "Speak before then, and you may influence whether these forms,as written, are modified before adoption." -- Cathy...

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07 Feb What Have You Done For Me?

[caption id="attachment_45175" align="alignleft" width="176"]Go bankruptcy team! Go bankruptcy team![/caption]

In a recent case set for dismissal the question was asked: " I filed for bankruptcy and what have you done for me?" Hmmm, this is a very good question that needs to be reviewed frequently.

Bankruptcy is not a solo sport such as swimming, track or tennis. But rather a team sport like volleyball, basketball and sometimes it may even feel like a full contact sport such as football.

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06 Feb Should You Try to Keep Your Home When You File Bankruptcy?

bankruptcy and my homeThis week an interesting article about Atlanta real estate appeared in a local business blog, and I think that the warning issued by the writer could apply to bankruptcy filers anywhere in the country. Entitled “Easy Money as Landlord of Cheap Homes Proving an Elusive Dream” explains how large investment funds purchased thousands of Atlanta area homes following the 2008 - 2010 real estate crash with the idea of renting them out, securitizing shares in the investment venture, then selling the properties six or seven years hence when prices rebounded. I had a first hand view of this business model because a close friend of mine in the real estate brokerage business worked with one of these investment firms and at times was writing hundreds of offers per week. Politicians and newspapers report that the housing market is improving and prices are headed back up, but no one is looking beyond the raw numbers.
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