BankruptcyLawNetwork

I Am Your Bankruptcy Lawyer … What Do I Do?

12/31/11

Consumer bankruptcy lawyers are among the most unappreciated and underpaid people in the entire bankruptcy system.

On a time spent basis, we rarely get paid our full hourly rate for the time we put into each case.

On a benefit to our client basis, we usually get only a tiny percentage of the financial benefit received.

[more]

Your Bankruptcy Attorney And You – There Is No I In Team

12/29/11

Your Bankruptcy Attorney and you are a team, no doubt about it.  So, please choose your bankruptcy attorney wisely because you are going to be spending quite a bit of time with him or her and their staff.  Since the new bankruptcy law took effect in October 2005, the amount of paperwork in bankruptcy has [...]

[more]

Capital One Caught With Its Hands In Your Wallet

12/28/11

Capital One violated the bankruptcy discharge thousands of times and got caught, as was recently reported by the Wall Street Journal.  It filed claims in second bankruptcy cases based upon debts which were already discharged in earlier cases. As my colleague Andy Miofsky wrote, “There is a reason Capital One Bank portrays credit card banks as a horde [...]

[more]

Chapter 12 Farm Bankruptcy Case is Before the Supreme Court

12/28/11

Chapter 12 farm bankruptcy helps family farmers to keep their farms.  It allows family farmers to reorganize their finances and operations. Chapter 12 was originally enacted by Congress in 1986, and was made permanent in 2005.  It helps the farmer and the banker to sit down and work out alternatives for debt repayment. But according to [...]

[more]

Internet Loans: A Bad Idea Gets Worse When You File Bankruptcy

12/26/11

Why would anyone take out an Internet payday loan?  Bankruptcy lawyers scream this out loud at least once a week.  It tends to frighten the neighbors. Small, high interest loans are often the last gasp effort folks use to make payments on other debt (like mortgage or car loans) — before they give in and [...]

[more]