Bankruptcy Blogs

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 [...]

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The Daily Docket: Lehman Plan Confirmed

12/07/11

A judge on Tuesday confirmed Lehman Brothers Holdings Inc.’s $65 billion creditor-payment plan, one final major milestone in the investment bank’s record-setting bankruptcy case and a cathartic ending to the collapse that tipped world economies into chaos in 2008. Read the Daily Bankruptcy Review article here.

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Stopping Wage Garnishment Through Bankruptcy: Make Sure To Get The Timing Right

12/07/11

When a creditor obtains a court judgment against a debtor, wage garnishment can be soon to follow.  Most persons subjected to wage garnishment will consult a lawyer to see if it can be stopped, and many of those will file either chapter 7 or chapter 13 bankruptcy to stop the wage garnishment.  While stopping a garnishment through [...]

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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 [...]

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Putting Faces to the Foreclosed Brings the Misery Home

12/06/11

"It could be your grandmother, or mine," said the Cleveland deputy sheriff, when discussing an incident involving a disoriented octogenarian who looked lost when handed an eviction notice.

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Federal Charter for Nonbanks Would Harm Unbanked

12/06/11

Pawnbrokers oppose a bill giving nonbanks a federal charter because it will further degrade small-dollar credit options in the U.S.

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Bill’s Gay Nineties Saddened By Bankruptcy

12/06/11

For Bill’s Gay Nineties in midtown Manhattan, the taps may finally have run dry.

“The original New York speakeasy” boasts four generations of customers who’ve enjoyed its hooch, even when the stuff was illegal. It claimed to be “unchanged and unspoiled” for 80 years since the first owner “boarded up the windows and opened the doors” of 57 East 54th St. to entertain and serve alcohol during Prohibition.

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OCC Foreclosure Review Disclosures Still Disappoint

12/06/11

The OCC took a big step towards transparency when posted 12 engagement letters between servicers and consultants. But some of the letters are just blob after blob of blackout.

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Judge Declares Suffolk OTB Ineligible for Bankruptcy

12/06/11
Melanie Cohen
NYC OTB

In the past two years, two of New York state’s six off-track-betting organizations faced challenges to their ability to seek bankruptcy protection with vastly

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Lehman Seeks Holiest (Bankruptcy) Sacrament: Confirmation

12/06/11
Getty Images

Lehman Brothers Holdings Inc.

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