Bankruptcy Blogs

As a Consumer Bankruptcy Attorney, I meet quite a few people who are investigating what bankruptcy can do for them.  Often the question will arise:  How Can Bankruptcy Help Me?  I think it is a great question, and it is one that I try to answer for each and every individual that walks through my [...]

Many landowners, particularly struggling farmers in Upstate New York, are trying to get out of gas leases they signed several years ago and replace them with new gas leases. It could make a difference of over $1,000,000 to the landowner. Filing bankruptcy could be the tool they need. For several years gas companies have known [...]

This year marks the hundredth anniversary of a prosaic, but integral, feature of the U.S. banking system: uniform routing numbers.

One of the arguments made against the Durbin restriction on interchange is that it will hurt community banks. Poppycock. Since Durbin explicitly excludes banks with assets under $10 billion from the restriction on interchange, it takes a hyperactive imagination to see how these banks could be hurt by it. Lobbyists have the requisite inventiveness.

Most of my clients are very concerned about credit. They have gotten into debt as a result of credit and they can’t bear the thought of living without credit. Thus, one of the first questions that I get asked is, “can I keep one or two of my credit cards, I don’t have a very high balance on these?” The answer is generally no. Credit card providers are usually not interested in keeping a cardholder who has filed for bankruptcy. Most providers subscribe to a service that advises them of the recent bankruptcy filings.