U.S. Supreme Court Says Attorneys are Debt Relief Agencies under BAPCPA, Upholds Ban on Advising Clients to Incur Additional Debt
For nearly five years, courts across the country have been asked to determine whether or not BAPCPA’s Debt Relief Agency designation applies to bankruptcy lawyers and whether the disclosure requirements and limitations on advice set forth in BAPCPA were Constitutional…
Bankruptcy Stats Take Center Stage in Health Care Reform Debate
Statistics have long told us that a significant percentage of personal bankruptcy filings in the United States stemmed from medical problems. A 2001 study indicated that medical problems were a contributing factor in at least 46.2% of personal bankruptcies. By…
Common Bankruptcy Questions Answered
By Tony Mandarich and Reda AbouleishFiling for bankruptcy is a way to start over with a clean slate. It relieves the tension and anxiety that comes with creditors calling, debt building and provides a solution to a financial mess. It is important to realize bankruptcy has many intricacies and sometimes it is hard to distinguish [...]
Mortgage Documentation Issues Remain Unclear in Foreclosure / Bankruptcy Cases
Back in the summer of 2007, we reported on the upside to sliced, diced and flipped consumer mortgages: the paper trail was hazy at best and in some cases non-existent, and attorneys like April Charney were seeing some success in…
How Does the Bankruptcy Filing Process Work?
By Dustin BowerIt is recommended that you consult with a Board-certified Bankruptcy Attorney that can guide you through the Bankruptcy process. It is important to note that every situation is different and the process varies for each individual. The following are basic steps when filing for Bankruptcy.
Step 1: Make an appointment to consult with a [...]
Life Without Credit – How Are You Advising Your Clients?
Recently, I wrote about the significant reduction in consumer credit in the United States. A large part of that reduction comes from tightening credit standards; credit card issuers are offering less credit and even cutting back on existing credit lines….
Bankruptcy Court Records – Who Will Know About Your Bankruptcy?
By Jason Rodriguez –
Have you been ignoring the possibility of declaring personal bankruptcy because you’re worried about the personal shame (in addition to the other consequences)? well, worrying about bankruptcy court records should not be the principal concern when deciding what to do about your financial problems.
Yes, it’s true that other people can find [...]
Personal Bankruptcy – Can Filing For Bankruptcy Affect Your Job?
By Jay Fleischman –
If you’re in debt and thinking about ways to end your bill problems, you’re worried about your privacy. Who will find out about your issues, and what kind of effect it will have on your major barriers to getting out of debt.
After all, this is a personal issue – not something [...]
What Happens When Bankruptcy Growls at You?
By Andru Parker -
Filing bankruptcy can be good as wells as the worst decision of life. It all depends on how bad your financial situation was prior to filing of bankruptcy. Most of the debtors that have applied bankruptcy have done so because of reduction in income and drastic fall in the property prices. The [...]
Shrinking Consumer Credit Impacts Bankruptcy Filers
For years consumer bankruptcy attorneys have been fighting misconceptions about the impact of bankruptcy on credit. Consumers with abysmal credit scores and tens (or hundreds) of thousands of dollars in outstanding debt believed that they were somehow protecting their credit…