NEW YORK, Sept 2 (Reuters) – Bankruptcy filings by U.S. consumers rose 24 percent in August compared with a year earlier and could reach 1.4 million this year, according to an American Bankruptcy Institute and National Bankruptcy Research Center report released on Wednesday. Despite the spike, consumer bankruptcy filings last month were down 5 percent […]
U.S. CONSUMER BANKRUPTCIES UP 24 PERCENT Read More »
Does bankruptcy protect me against debts from other countries? By David Leibowitz, Illinois and Wisconsin Bankruptcy Attorney on Jun 21, 2009 in General Bankruptcy Information Clients frequently face debts from countries other than the United States. If you file a bankruptcy case in the United States, what is the effect on your debts from overseas?
BANKRUPTCY PROTECTION FROM FOREIGN CREDITORS Read More »
BANKRUPTCY IS COUNTRY’S SAFETY NET Wall Street Journal, July 24 2009 There’s a surge in personal bankruptcy filings at the moment, for obvious reasons. Some 30,000 Americans are filing each week, and the figures could top 1.4 million for the year. But too many people are talking about bankruptcy as if it’s a sign this
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U.S. mortgage delinquencies accelerate: Equifax Mon Jul 27, 2009 2:08pm EDT By Nick Zieminski NEW YORK (Reuters) – Rising unemployment continues to make more Americans late on their mortgage payments, a sign that the rate of U.S. personal bankruptcies will keep going up, according to monthly data from the Equifax credit bureau obtained by Reuters.
Since the bankruptcy reform laws were passed in 2005 you will see a lot of lawyers stating that they are a “debt relief agency”. Why is that so, and what does that mean? Under 11 U.S.C. § 101 a debt relief agency is defined simply as “any person who provides any bankruptcy assistance to an
What Does Debt Relief Agency Mean? Read More »
I hope this video dispels some apprehension about the Creditors’ Meeting. The name itself can create fear in the minds of individuals, “Creditors’ Meeting.” In general, individuals believe all of their creditors will be present at this meeting. This is rarely the case in a consumer bankruptcy. Please read this article I published relating to
Bankruptcy Basics Part 5 Creditors’s Meeting Read More »
