By CHARLES WALLACE Posted 9:30 AM 08/31/10 Economy, Credit By CHARLES WALLACE Posted 9:30 AM 08/31/10 Economy, Credit Consumers are being warned to exercise extreme caution in dealing with companies that offer to reduce credit card debts. The warning follows a little-noticed rule announced by the Federal Trade Commission which is likely to put many […]
Consumers Face Huge Losses With Debt Settlement Firms Read More »
* Consumer filings up 18 pct, business filings up 2 pct * Nevada has most filings per capita, Arizona filings soar By Jonathan Stempel NEW YORK, May 14 (Reuters) – U.S. bankruptcy filings resumed their upward climb in the first quarter, nearly equaling their highest level since 2005, as high unemployment and a still-strained housing
US bankruptcies resume upward path in 1st quarter Read More »
This article is limited to a cram down of an automobile, such as a car or truck in a Chapter 13 bankruptcy case. The Bankruptcy Code in its current version has at least two statutes for Chapter 13 cram downs. The first statute is 11 U.S.C. Section 506. This section allows the debtor to repay
Cram Down In A New Light: What Does It Mean Under The New Law? Read More »
Stop whatever you are doing, gather staff, family, and friends, and take the one minute needed to have everyone you know do the following: Phone AND email your Senator. Say: “Hi, I’m [Name] and I live in [town] I’m calling to urge Senator ___ to vote for S. 61. Senator ____ should stand up to
PLEASE CALL & EMAIL YOUR SENATORS NOW TO SUPPORT S. 61 SAVE OUR HOMES FROM THE BANKS Read More »
This foreclosure solution costs taxpayers NOTHING. Over 6,600 American families a day are losing their homes to foreclosure. In the next five years, over 8,000,000 American family homes will be lost to foreclosure, unless we do something now. If we don’t, the value of all of our homes will keep going down and our neighborhoods
Yes! The Bankruptcy Code requires that you include all debts you owe as of the date of filing your bankruptcy case. All debts include past due amounts you owe to the local phone company, electric company, cable company, etc. Your phone, cable, water, and electric company cannot discriminate against you either only because you filed
Can You Include Past Due Utility Bills In Your Bankruptcy? Read More »
In the Eastern District Bankruptcy Courts, the local rules allow an attorney’s fee up to $3,500 for a chapter 13 reorganization bankruptcy, unless the attorney files an application with the Court for more attorney’s fees. If an attorney files a written application for more than $3,500, then the Court must give its written approval of
How Much Does It Cost To File A Chapter 13 Or Chapter 7 Bankruptcy Read More »
Yes, bankruptcy is a ten letter word! I use “four letter word” since most people believe a four letter word is bad. It is important for people to know that bankruptcy does not mean they are a bad person. In my experience, people do not call me after they “max” out credit cards and become
Bankruptcy Is Not A Four Letter Word Read More »
As stated on HuffPo, while banks are scrambling for recover, the Fed is repeatedly cutting interest rates, the pawn shop business is booming. What this likely means for the United States economy is not good. What it means for those trying to avoid bankruptcy is likely worse. After a while people will run out of
Are You Pawning Things? You Are Not Alone. Read More »
Are you feeling the pressure of a constantly worsening economy? These matters are simply beyond your grasp or control. All you can do is do what you can to ride it out. How bad is the economy? The British paper The Independent has declared the USA is headed for the Great Depression of 2008. The
The 2008 Great Depression Read More »
