Bankruptcy Blogs

Chapter 7 Bankruptcy in Texas: What You Need to Know

05/28/12

Filing chapter 7 bankruptcy in Texas: different from the rest of the country? The state of Texas takes pride in doing things differently than the rest of the country. However, when it comes to bankruptcy, Texans will find some similarity in the process regardless of which region they file in. The bankruptcy code is federal [...]

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Three Ways to Break a Bank

05/28/12

There are at least three ways to break a bank. Give him a little more time and Jamie Dimon may demonstrate all three of them.

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Credit Report After Bankruptcy

05/27/12

I was recently surprised to hear from a 2008 client who was just denied a $4,000 loan for a new roof by a credit union.  The reason was not having any post-bankruptcy credit on her credit report.

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Before bankruptcy: How to put Mom on your car title as lien holder

05/26/12

Before bankruptcy, sometimes you need to borrow money from Mom.  You might want to borrow that money and put her on your car title.

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Why does your attorney need a copy of your filed Mortgage or Deed of Trust ?

05/25/12

A recent case in Illinois shows us the importance of providing to your attorney a filed copy of your mortgage or deed of trust that is a lien on your real estate, land or home.  Occasionally, clients will have problems in gathering these documents from the county clerk, the office in Kentucky that files mortgages.  [...]

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Freep, froop, frop . . . No, It's Pottow!

05/25/12

Credit Slips alumni John Pottow sent me an op-ed from Freep.com. Being an idiot, it took me a while to figure out that this was the Detroit Free Press. John takes on the huge trading loss at J.P. Morgan and the continued need to regulate financial hedging at U.S. banks (no matter what Jamie Dimon says).

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Stop Second-Guessing Jamie Dimon

05/25/12

All would be well advised to confine criticisms and recommendations to mitigating JPMorgan's systemic risk. What remain are decisions that affect stakeholders. The bank's owners have already spoken in favor of their CEO, and rightly so.

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Bankruptcy Beat Snapshot: Martin Bienenstock

05/25/12

After spending 35 years helping to fix troubled companies such as General Motors, Texaco and Owens Corning, Martin Bienenstock got the hands-on experience he never wanted.

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