Archive for June, 2009

Government Incentive

Cash for Clunkers program.
Check it out here, this could prove to be valuable.

June 19, 2009   Posted in: Bankruptcy News  No Comments

A Message from Richard Mayer

Hello I am Richard Mayer of Mayer & Newton. I am a consumer bankruptcy attorney in Knoxville, Tennessee. I have been helping people file bankruptcy since 1986. My intention for this blog is to update it frequently with my musings, observations and lessons that I have learned from my tenure as a consumer bankruptcy attorney.
 Every [...]

June 17, 2009   Posted in: Bankruptcy News  No Comments

Bankruptcy Terms

Here are terms that you need to know when thinking about or filing a bankruptcy. You will hear these:
 
Adversary Proceeding – A lawsuit that arises from or is related to a bankruptcy case.

Automatic Stay- This is an injunction that occurs at the time that a bankruptcy petition is filed.  It stops lawsuits, foreclosures, garnishments, letters, [...]

June 17, 2009   Posted in: Bankruptcy News  No Comments

What Happens if I Stop My Chapter 13 Payment?

By Kent Anderson, Oregon Bankruptcy Attorney on Jun 7, 2009 in Chapter 13 Bankruptcy, Discharge of Debt, Featured

If you stop making Chapter 13 payments and do nothing else, your bankruptcy case will be dismissed and the court will not enter a discharge order.  This means you will lose the benefits of your bankruptcy and will [...]

June 9, 2009   Posted in: Bankruptcy News  No Comments

Court to decide if bankruptcy law stifles lawyers

From the Associated Press:
WASHINGTON (AP) — The Supreme Court will decide whether a new bankruptcy law applies to lawyers and whether their free speech rights are violated by a ban on telling clients to incur more debt.
The high court on Monday agreed to hear arguments from both a law firm and government regulators challenging a [...]

June 9, 2009   Posted in: Bankruptcy News  No Comments

Foreclosure Goes Upscale

By Peter Coy
From Businessweek.com
 
With the U.S. economy and financial markets showing signs of life, optimistic analysts are looking for a recovery in the all-important housing sector. They got some ammunition on June 2 from the National Association of Realtors, which said that its Pending Home Sales Index jumped in April by the most in more [...]

June 8, 2009   Posted in: Bankruptcy News  No Comments

News Release

Office manager Lori Mckelvy :
Well as always we are ever evolving as a staff and law firm.  We are all doing a great job with the heavy workload we are juggling.  Thanks to everyone for the continued devotion and commitment to Mayer Newton.  I know that everyone here is enjoying their job and that you [...]

June 5, 2009   Posted in: Bankruptcy News  No Comments

Bankruptcy Mistakes to Avoid

From www.larochelaw.com
The actions an individual takes leading up to filing bankruptcy can drastically affect his ability to get a fresh start. By avoiding these mistakes, you can travel successfully through bankruptcy.

The Credit Card Run-Up Mistake:       Don’t use your credit cards once you have made your decision to file bankruptcy. Charges for luxury goods and services [...]

June 4, 2009   Posted in: Bankruptcy News  No Comments

How Washington blew GM’s bankruptcy

By Michael Levine
Posted on Tuesday, June 02, 2009 11:57:28 AM by St. Louis Conservative
During bankruptcy, GM would have been able to sell off divisions, facilities and brands. Finally, if a plan of reorganisation that was likely to get a better outcome than liquidation was proposed, the court would approve it and a “new” GM would [...]

June 3, 2009   Posted in: Bankruptcy News  No Comments