Bankruptcy Basics

The City of New Orleans, where I practice as a consumer bankruptcy attorney, is home to all branches of the United States Armed Forces.

Financial Literacy Month begins tomorrow and continues until May rears its head. Why not turn it into a party?

This is a tale of two families who just wanted to protect their homes. The older couple wanted to protect their residence from the possibility that they might lose it if they had to go to a nursing home. Their daughter and her husband were having trouble paying the monthly mortgage payment on their home. They had incurred high medical and credit card debts and the husband’s employer had cut down on the hours that he could work each week.

Your mortgage lender is demanding that you “reaffirm” a mortgage note on your residence in your bankruptcy case. Should you agree to do so? First the basics: There are two parts to your agreement with the mortgage lender regarding your residence. The first part is the note, your promise to repay the amount of money [...]

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