|
Bankruptcy Law Network
|
Real Lawyers, Real Solutions
|
-
Some residential mortgages can be modified in chapter 13
We know that Congress squelched the proposal that mortgages on your home could be modified in chapter 13. Too bad. Mortgage foreclosures went ahead at the highest pace in recent history as a result. Mortgage modifications are as rare as hen’s teeth.
Some mortgages, however, can be modified.
The key is that mortgages on your home can [...]
-
Co-Signors Beware – Don’t Sign If You Can’t Afford It
As a Consumer Bankruptcy Attorney, I get to see the amazing financial deals that my clients get themselves into. Some of my bankruptcy clients must have been amazing salesmen to get family members and others to co-sign their debts. I don’t know what a person would have to say to get me to put my [...]
-
Smoking Can Be Hazardous to Your WEALTH
If bills are piling up, it is time for a personal financial audit. You must determine where your hard earned money is really going?
For some people, small daily purchases can become enslaving and lead to big financial problems. These “vices” can include daily coffee purchases, lottery tickets and alcohol. Bigger still is the habit of SMOKING.
I remember [...]
-
Recovering from bankruptcy – emotionally
People in who face bankruptcy often find it to be an emotional experience. They have been hounded and abused by creditors. This places them in a tenuous situation emotionally.
Bankruptcy lawyers – now authoritatively considered to be “Debt Relief Agencies” by the United States Supreme Court – often find that their clients need more than just [...]
-
Two Vehicle Deductions, Not One, Allowed on Means Test for Single Debtor
The question of whether a single bankruptcy debtor is limited to one motor vehicle allowance on the means test has vexed bankruptcy debtors since the inception of the 2005 Bankruptcy Reform Act. While Form B22 does not explicitly limit the number of motor vehicle allowances to the number of debtors in the bankruptcy case (that [...]
-
Recovering from bankruptcy – financially
Filing for bankruptcy takes courage. It requires overcoming fear, embarrassment and even shame. Recovery from bankruptcy has two components. The first is financial. The second is emotional.
Today, we’re going to focus on steps everyone should take to recover from bankruptcy immediately.
Step 1
Ask yourself what got you into bankruptcy in the first place? And ask yourself [...]
-
“Bankruptcy Petition Preparer” Slammed by New Mexico Court
A non-attorney “bankruptcy petition preparer” (BPP) was recently permantly enjoined by a New Mexico bankruptcy court from assisting any more debtors in preparing bankruptcy petitions. This case, U.S. Trustee v. Brown, 2010 WL 519849 (Bky.D.N.M. Feb. 8, 2010), held that Pamela Brown, in the person of Southwest Bankruptcy Services, had violated section 110 of the bankruptcy code in [...]
-
Bankruptcy FIlings Up 31.9% in 2009
According to statistics released by the Administrative Office of the U.S. Courts, bankruptcy filings increased 31.9% in 2009, increasing from 1,117,641 in 2008 to 1,473,675 in 2009.
Business filings for 2009 were up 40%, from 43,533 in 2008 to 60,837.
Non-business filings were up 32%, from 1,074,108 in 2008 to 1,412,838.
Chapter 7 filings totaled 1,050,832, up 41% [...]
-
Are you too embarrassed to file bankruptcy?
Our good clients often tell us that they are embarrassed by the thought of filing for bankruptcy. I tell them that they don’t have to be.
First of all, people fear that their names are going to be published in the newspaper. Now that might happen in small towns. But nothing’s secret in a small town [...]
-
Toyota Owners Filing Bankruptcy Be Aware
Own a Toyota? Are you filing bankruptcy or in a bankruptcy case already? You should talk to your lawyer about the Toyota recalls.
You may have a claim against Toyota for defects in your product (or, worse, some physical injury you suffered). There are already class action lawsuits on file related to these issues that you [...]
|
Bankruptcy News