Bankruptcy Blogs

Bankruptcy Judges Confront Impending Shortage

04/10/12
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Bankruptcy judges’ workloads are heavier than ever, and they could become even more burdensome in the coming years.

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The Length of Time It Will Take to Rebuild Your Credit – With or Without Bankruptcy

04/10/12

Clients are always concerned about their credit score.  It is not unusual for the question “How will bankruptcy affect my credit score?” to be the first thing that comes out of someone’s mouth when they consider bankruptcy as an option.  Although bankruptcy does have an effect on your credit, the effect may not be as [...]

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The Daily Docket: Treatment Center Struggles to Survive

04/10/12

Daytop Village, which filed for Chapter 11 bankruptcy with some 660 “hard-core” drug addicts living in its New York treatment facilities, is facing a fight with lenders over whether it deserves a shot at survival. Read the Daily Bankruptcy Review Small Cap story here.

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Three Costly Emotions That Keep You In Debt

04/10/12

Emotions, not reasons, keep people from filing bankruptcy and starting fresh.

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Bankruptcy Attorneys Advice For People Who Cannot File Personal Bankruptcy

04/10/12

Some people are ineligible for Chapter 7 based upon their income and cannot file Chapter 13 because they have debts above the Chapter 13 ceilings. Many other people are advised by a bankruptcy attorney not to file bankruptcy because they have assets which are not exempt in bankruptcy. I sometimes wonder what happens to people facing judgments who are told by a bankruptcy attorney that they cannot file, or should not file,  bankruptcy. 

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Hello world!

04/10/12

Hello World

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Credit Score Repair After Short Sale, Foreclosure, And Bankruptcy

04/09/12

One of my new bankruptcy clients is a credit manager with Bank of America. After discussing his situation and starting his bankruptcy I took the opportunity to ask him how a bankruptcy debtor best establishes good credit after bankruptcy. I also asked about the comparative impact on credit ratings of a short sale, a foreclosure, and a bankruptcy. 

Here are some of his comments and insights based on many years in the credit and banking industry. 

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Usury Takes a Bite Out of the Poor

04/09/12

Those of us struggling with the issues raised by payday and title loans are consistently told to take morality out of the equation when considering these loans.

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