BankruptcyQuestionsNationalBankruptcyForum

How Can Bankruptcy Turn the Tables for the Debtor

12/14/11

How Can Bankruptcy Turn the Tables for the Debtor When people consider filing for bankruptcy, their first concern is usually what negative consequences may stem from their decision.  Making the decision to file for bankruptcy is an important one, and one that needs to be given considerable weight.  However, it is also important to see the [...]

[more]

Getting Credit After Bankruptcy

12/14/11

One of the biggest trouble I find in bankruptcy law is the lack of services available for clients after their case is discharged. As a Dallas bankruptcy lawyer, I have made it my mission to extend clients help with rebuilding their credit after the bankruptcy case is completed. Rebuilding Your Future I advise clients to [...]

[more]

Corzine Knew MF Global Made Loan From Customer Accounts; Trustee in Hot Pursuit

12/14/11

Duffy’s Testimony Contradicts Corzine When MF global filed for bankruptcy on October 31, it was the nation’s 8th largest bankruptcy filing. Controversy has surrounded Corzine and the demise of MF global largely due to $1.2 billion in missing client funds as well as all-in bets on risky European debt. Corzine has repeatedly denied knowledge of [...]

[more]

Giving up Property in a Bankruptcy and Ethical Dilemmas for Lawyers

12/13/11

Believe it or not, the vast majority of bankruptcy lawyers, I would say 95% or higher, take their ethical obligations very seriously. We value the oath that we took when we received our license and honor it daily by dispensing advice in the best interests of our clients. Like doctors advising lifestyle modifications or prescribing [...]

[more]

Time to File for Bankruptcy? Part I – Don’t Bankrupt Your Health

12/13/11

There’s no “right” time to file because everyone is different, and so is their situation. There are guidelines to help you decide and we’ll talk about them in this and following blog posts. This post is about your health because it’s more important than your money. Ask yourself these questions: Do you feel like debt [...]

[more]

American Airlines: Not Too Big to Fail

12/12/11

The last domino has fallen. American Airlines, the last of the previous generation of top airlines not to file for bankruptcy, caved in last week and filed for chapter 11 protection. Analysts cite a history of high costs, inefficient operation, and an overall lack of flexibility in a changing business environment. America’s third largest carrier now faces [...]

[more]

California – Deed of Trust Assigned…. but Where’s the Note?

12/12/11

Dear Readers:  So many times clients will asking me about the “Missing Note” Defense to a foreclosure. If you are in CALIFORNIA, as of the time of this writing, there is NO MISSING NOTE defense available.  The foreclosure process is regulated by Civil Code, Section 2924 et seq. which sets forth the process by which [...]

[more]

Rent Control: It’s Back!

12/12/11

New York is a world apart of the rest of the nation when it comes to rent control, or rent stabilization laws. The City, over the years, has manipulated—often capped—rent prices with surprising consistency. In 1948, FDR instituted the first rent control laws in the United States. As our boys came home from World War 2 and [...]

[more]

Choosing Bankruptcy

12/07/11

As a Dallas bankruptcy lawyer, I see clients from all walks of life come in for help with their financial hardship. No longer is bankruptcy for the unemployed or seriously ill, but many hardworking middle class families are also finding it tough to make ends meet in this turbulent economy. Small business owners are fighting [...]

[more]

Bankrupting Retirement

12/06/11

The golden years should be spent enjoying time with family and friends. Unfortunately, many senior citizens have to live in poverty while trying to balance their debt; then a certified letter arrives in the mailbox informing them that their meager Social Security check will be garnished to pay for an old unpaid debt.   Chapter [...]

[more]