BankruptcyLawNetwork

Am I A Bad Person If I File for Bankruptcy?

10/12/11

Almost all of my clients hate to schedule their first appointment with me. It’s not because I’m a bad guy, or that I treat my clients poorly–just the opposite. My clients are shown respect and understanding, and a ready ear to hear their problems. So why don’t people want to meet with me? It’s because [...]

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Bankruptcy: It’s All About Timing.

10/11/11

Exactly when a Bankruptcy petition is filed can make a big difference in your case. There’s an old Vaudeville bit that has one comedian talking to another. The first asks: “What is the most important thing about com…” and before he can finish his question, the other comedian answers “Timing.”  Ok, not very funny; but [...]

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Is Bankruptcy Your Best Investment?

10/10/11

Spend money, when you’re broke, to go broke?  Seems counter-intuitive, but it could be the best money you spend. Fear, pride, uncertainty, stubbornness, distraction, and cash flow keep people from getting their financial life  in order with a bankruptcy filing. As a means of regaining control of your life and your pocketbook, however, it may [...]

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Bankruptcy and Steve Jobs

10/09/11

Words are powerful.  The word “bankruptcy” carries enormous emotional baggage.  People hear it and immediately jump to conclusions.  “Failure,” “shame,” “irresponsibility,” “ruin” all come to mind. Recently, I met with an elderly couple.  They had significant cash flow problems, and a Chapter 13 bankruptcy would benefit them greatly.  As I do with all prospective clients, [...]

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Top Ten Things You Need To Know About Debt Collectors

10/08/11

1.  Debt collectors are NOT under oath when they are talking to you.  There are restrictions on what they can say, but exagerration, saying what might happen if you do not pay, are allowed. 2.  They are not trying to help you!  They are not trying to work things out, come up with a plan [...]

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How Will Serious Flood or Natural Disaster Damage Impact My Bankruptcy Case?

10/07/11

2011 has been called “The Year of the Natural Disaster”.  We have seen deadly tornadoes, massive floods, billion dollar blizzards, devastating drought, East Coast earthquakes, and Texas wildfires…oh my! Millions of Americans have had their lives seriously disrupted this year.  Many of them were in Chapter 13 bankruptcy cases at the time of the disaster, [...]

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Knowledge Is Power For Bankruptcy, Steve Jobs And Our World In General.

10/07/11

Knowledge is power and the more knowledge you have about a subject such as bankruptcy,the more power you will have to make an informed decision.  Steve Jobs lived by the philosophy that knowledge is power and the more knowledge he gained in the computer world the more power he had to change they way we [...]

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Of Course You Can Qualify for a Mortgage After Bankruptcy, FHA Says

10/06/11

One of the things that troubles those considering filing personal bankruptcy is the fear that it might be impossible to qualify for a home mortgage after a chapter 7 or 13 case.  Indeed, it would be a cruel irony if a bankruptcy filing freed you at last from a heavy debt burden, enabling you to finally [...]

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Obama 2011 Jobs Bill Authorizes Collection “Robo Calls” to Your Cell Phone

10/05/11

The Associated Press reports that the Obama Administration wants to legalize the use of “robo calls” – auto dialers and recorded messages – to cell phones by debt collectors seeking to recover student loans and other debts owed to the federal government. Under a proposal included at page 28 of the president’s September, 2011 Jobs [...]

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Your Bankruptcy Lawyer–Experience Matters

10/05/11

If you are thinking about filing bankruptcy, possibly the most important decision you’ll make will be which attorney to hire to represent you in that bankruptcy.  Your bankruptcy attorney will guide your decision-making throughout the process, from whether to file bankruptcy at all, when to file, and what type of bankruptcy is available, and most [...]

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