Choosing a Phoenix Bankruptcy Attorney

Are the Penalties for Violating the Automatic Stay Too Lenient?

01/30/12

The automatic stay protects consumers who file for bankruptcy One of the greatest advantages available to the debtor who is willing to consider bankruptcy as an option is the automatic stay.  The automatic stay orders creditors to refrain from collection practices immediately once a debtor has filed for bankruptcy.  But we all know that rules [...]

[more]

How Much Control Do Bankrupt Dodgers Have Over Baseball Decisions?

11/26/11

How Much Control Do Bankrupt Dodgers Have Over Baseball Decisions?   Not long ago, the Los Angeles Dodgers filed for bankruptcy.  This move was controversial, and concerned many baseball fans.   As sports fans are well aware, good players demand high salaries.  But can the Dodgers renegotiate salaries, and make other financial decisions, while going through [...]

[more]

What is a Lien strip?

11/11/11

What is a Lien strip? A Lien strip is possible only in a Chapter 13 bankruptcy and only if the fair market value of the property is less than the total amount of money due on the first mortgage. In that case a second and third mortgage if any can be stripped off the house. [...]

[more]