Bankruptcy Blogs

Revealed: The Formula for Determining Whether You Should File for Bankruptcy

11/06/11

Everyone seems to have heard of a simple “formula” for determining when you should consider filing a chapter 7 or chapter 13 bankruptcy.  The problem is that once you start looking for the formula, it becomes apparent that there are numerous versions, and none of them seem to agree with one another. Many seem to think that [...]

[more]

What is Income for Bankruptcy?

11/05/11

Most of us have an idea of what income is for federal or state tax purposes.   Wages are income, as are gains on the sale of stock.  Dividends and interest also qualify.   We know that.  It’s intuitive and easy to understand. The classic definition of income is that it’s the return on labor or capital.  [...]

[more]

Get your Independent Foreclosure Review!

11/05/11

OCC and the Federal Reserve announced this week that banks who service mortgages will be sending letters to homeowners this month and next, offering them an opportunity to request review of any 2009 or 2010 foreclosure.  Every homeowner who asks gets a full independent review by a foreclosure auditor.  A homeowner

[more]

The Pro Se Problem

11/05/11
A report from the Administrative Office of the U.S. Courts highlights a disturbing trend: since the adoption of the Bankruptcy Abuse Prevention and Consumer Protection Act in 2005, pro se filings have grown dramatically. You can read the report here. In the past five years, filings by attorneys have increased by 98%, while pro se filings increased by 187% over the same period.
[more]

The Pro Se Problem

11/05/11
A report from the Administrative Office of the U.S. Courts highlights a disturbing trend: since the adoption of the Bankruptcy Abuse Prevention and Consumer Protection Act in 2005, pro se filings have grown dramatically. You can read the report here. In the past five years, filings by attorneys have increased by 98%, while pro se filings increased by 187% over the same period.
[more]

Bankers Don't Need to Be Popular; Strive for Unit Cohesion

11/04/11

Military people go on pushing and taking risks even in an objectively hopeless situation because of responsibility felt by the individual to close teammates. Structure rewards accordingly.

[more]

BROWN BAG SEMINAR

11/04/11

Dear Chapter 13 Colleagues! I just wanted to advise you of an important upcoming BROWN BAG SEMINAR for attorneys and your staff “Introducing T.R.U.� (The new Trustee Response Upload system) to be held on Friday, November 18, 2011 from 12:30...

[more]

Info on some of Judge Bason's Chapter 13 policies

11/04/11

Subject: from Aki Koyama (staff attorney for Chp. 13 Trustee Kathy Dockery) · Some of Judge Bason's Chapter 13 Policies: Judge Bason will: 1. Allow matters to be confirmed from the 341(a) so long as there are no objecting parties;...

[more]