Archive for September, 2009

Where Has Madoff’s Money Gone?

Bernie Madoff, probably the most infamous Wall Street scam artist is complaining from his North Carolina prison cell that it’s just too hot down here. I wonder why the heat never bothered him in Hawaii? Or the Bahamas? Or any other warm-weather tropical locale he frequented on the greenbacks of so many investors who trusted [...]

September 30, 2009   Posted in: Bankruptcy News  No Comments

Let-Go’s and Your Bankruptcy

The power a lender has to enforce a lien can be scary. Someone who lends you money while gaining a lien over your property has the considerable advantage of securing that loan, with the possibility of suing for what is owed, repossessing the collateral, or both. A lien can also be imposed against someone as [...]

September 30, 2009   Posted in: Bankruptcy News  No Comments

Be Honest With Your Attorney

Many debtors naturally want to pay back friends and family before filing for bankruptcy. Yet be careful about how you go about this and what you tell and don’t tell your attorney, because down the road the truth will come out. Any money repaid to “insiders”, including relatives, friends or acquaintances, within a year of [...]

September 28, 2009   Posted in: Bankruptcy News  No Comments

Do Not Belive Everything You Hear

One of the common beliefs about bankruptcy is that it will leave you with nothing, living out of a cardboard box. That’s so not true even in Chapter 7 cases. In theory, Chapter 7 involves liquidating most of a debtor’s assets to pay creditors, including the home. Not so fast..in reality, homeowners who end up [...]

September 24, 2009   Posted in: Bankruptcy News  No Comments

Messy Backup

September 23, 2009   Posted in: Jokes  No Comments

Three Questions

An old lady walks into an attorneys office, and asks him “Before I continue young man, how much will you charge me for answering three questions?”
“Roughly 300″ he says.
“Oh my,” she says “But isn’t that very expensive?”
“Yes,” he says “So…What is your third question?”

September 23, 2009   Posted in: Jokes  No Comments

Weiss to Testify

Stay on top of private student bankruptcy with the case of NACBA member, Brett Weiss. Weiss will be testifying on behalf of NACBA and the National Consumer Law Center today at 1 p.m. before the House Judiciary Subcommittee on Commercial and Administrative Law. The point of the hearing is an issue of tremendous interest to [...]

September 23, 2009   Posted in: Newsletter  No Comments

One Size Won’t Fit All

NO TYPE of bankruptcy will erase certain kinds of obligations, like child support or student loans. There are differences in the way debt gets handled in personal bankruptcy, often depending on which kind you file for, Chapter 13 or Chapter 7. Chapter 13 allows those with regular income to repay debts over a length of [...]

September 22, 2009   Posted in: Bankruptcy News  No Comments

Personal Bankruptcy Not Only for Poor

Wealthy entrepreneur’s from all over the country often face difficulties when a new business collides with the credit crunch, these people find themselves facing a financial fate that they never knew existed. It’s a far way to fall, but answers and relief come in the form of new opportunity. This nation’s worst drop in 70 [...]

September 22, 2009   Posted in: Bankruptcy News  No Comments

13 Steps to Avoid a Bad Bankruptcy Attorney

Now tell me what’s worse than being forced to declare bankruptcy? I can tell you right now it’s hiring the wrong attorney for the job.
Handling bankruptcy filings has become a volume business for many lawyers, leaving some of them overworked and unable to attend to the details of all their cases. Bankruptcy mills — storefront [...]

September 16, 2009   Posted in: Bankruptcy News  No Comments