There are 94 federal judicial districts in this America, and in almost all districts, bankruptcy cases are filed in the bankruptcy court. Almost all districts of separately appointed federal judges that just handle bankruptcy filing and related matters. Bankruptcy cases cannot be filed in state court. Why are there separate federal bankruptcy courts? Mainly because […]
Where Are Bankruptcy Cases Filed? Read More »
My colleague Jamie Ryke of Second Start Bankruptcy Law Firm talks about how staying alive often means filing bankruptcy, and how some people let the stigma of bankruptcy effect their better judgment. Bankruptcy is a legal device that is intended to help you from losing everything. Let us listen in to Jamie Ryke –
The Truth About Bankruptcy Read More »
Both before and after you file bankruptcy you will run into a bunch of non-lawyers that will try to entice you into doing something that is not in your best interest. You need to try and avoid these obvious scams: 1. EMAIL AND SPAM. You get emails and spam that enter your mailbox trying to
Seven Bankruptcy Scams To Avoid Read More »
Trying to make a decision to file bankruptcy is a hard decision. I grant you that. It is one that you have to make by yourself. All lawyers like me can do is give you the best advice possible. However, I get asked all of the time why someone in a very tight financial situation
Inflation is a terrible thing. It hurts most everyone. As gas prices, food prices and the prices for essential rise uncontrollably, people and companies simply cannot keep up with the market pressures. Consumers have to go further in debt, more debt does not get paid, more people are forced into bankruptcy, and then companies and
Double Digit Inflation Is On The Rise And Could Hurt A Lot Of Well Meaning People Read More »
According to Credit Slips, a blog dedicated to credit and bankruptcy, bankruptcy filings in the U.S. are now at their highest daily rate since the 2005 changes to the federal bankruptcy law. There were 79,198 bankruptcy filings in February 2008, or 3,959 new filings per day. That is an increase of 28% over the same
Bankruptcy Filings Highest Since Bankruptcy Reform Went Into Effect Read More »
The Columbia Journalism Review, a respected publication, certainly thinks the press failed you. It reports that the business press missed a body of work, compiled by nonprofit groups, academics, documentarians, and others, that marshaled data to make visible a dramatic qualitative and quantitative shift in the relationship between the credit-card industry and its customers that
Did The Business Press Fail You In Regard To The Credit Card Industry? Read More »
Elizabeth Warren is a professor at Harvard University School of Law that is well known for her research on economic issues and bankruptcy. She has written books on th subject, appeared before Congress on the subject, and teaches law on the subject. Here she discusses the economic pressures confronting the two income family as the
Elizabeth Warren Discusses The Pressures Confronting The Two Income Family Read More »
Generally speaking, if you have debts or obligations you cannot handle, or other financial difficulties, a way to resolve the situation is to file for bankruptcy. For most individuals there are two types of bankruptcy – chapter 7 and chapter 13. Chapter 7 is often called “straight bankruptcy” and with it you are allowed to
What Is The Chapter 7 Means Test? Read More »
J. Brian Allen limits his practice in the State of Texas to representing people and companies in bankruptcy. What does that mean, exactly? In Texas you cannot use terms like you “specialize” in bankruptcy because those terms have a very specific legal meaning, which the State Bar of Texas believes represents qualities or qualifications that
What Does Limiting Your Practice To Bankruptcy Mean? Read More »
