Bankruptcy Blogs

Chapter 13 Plan Payments And Increases In Debtor's Income

12/26/11

Most people are optimistic about their future including most of my clients who file Chapter 13 bankruptcy. People believe, or hope, that bankruptcy’s protection will lead them to increase their future salary or business profits. A common question is whether a Chapter 13 debtor’s increased future income will make their Chapter 13 plan payment increase.

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One in Five American Families Have Medical Bill Problems

12/26/11

According to this new report. As Mirya Holman and I have explained in the bankruptcy context, measuring medical bill problems and debt is notoriously contested, but the Center for Studying Health System Change does try to make clear its methods and also uses similar metrics over time.

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How to Screw Up Your Bankruptcy Discharge

12/26/11

Grounds For Objecting to the Bankruptcy Discharge In the vast majority of cases, the bankruptcy discharge is the primary reason debtors enter the Bankruptcy Court. After all people file bankruptcy to get rid of debt and a court order is certainly an effective way of making this happen. However, receiving a discharge is not guaranteed, [...]

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How to Screw Up Your Bankruptcy Discharge

12/26/11

Grounds For Objecting to the Bankruptcy Discharge In the vast majority of cases, the bankruptcy discharge is the primary reason debtors enter the Bankruptcy Court. After all people file bankruptcy to get rid of debt and a court order is certainly an effective way of making this happen. However, receiving a discharge is not guaranteed, [...]

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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 [...]

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Bankruptcy Doesn’t Give You a Free Christmas!

12/25/11

Don’t Use Credit Cards on the Eve of Bankruptcy Perhaps you bought your Christmas gifts on plastic and had a brief daydream about a free holiday thanks to the Bankruptcy Court. Maybe you were planning to file already and figured getting rid of holiday bills would be an extra advantage. Think again. Even before we [...]

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Bankruptcy Doesn’t Give You a Free Christmas!

12/25/11

Don’t Use Credit Cards on the Eve of Bankruptcy Perhaps you bought your Christmas gifts on plastic and had a brief daydream about a free holiday thanks to the Bankruptcy Court. Maybe you were planning to file already and figured getting rid of holiday bills would be an extra advantage. Think again. Even before we [...]

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Christmas Cheer for Consumer Bankruptcy Attorneys

12/25/11

We are reminded this Christmas to be thankful for attorneys who represent people in financial distress.  Wendell Sherk tells it eloquently in this reprise of his A Christmas Cheer for Consumer Lawyers. Christmas is usually a slow time for consumer bankruptcy lawyers.  The phones go quiet, a few cards come in, a fruit cake from [...]

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