consumer bankruptcy

Bankruptcy Lawyers Cheer White House Focus on Student Debt

03/10/15
President Barack Obama signs a Student Aid Bill of Rights in the Oval Office of the White House in Washington, D.C., March 10, 2015.
European Pressphoto Agency
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Credit Slips Bloggers' Amicus Briefs in Caulkett

03/05/15

With my attention drawn to other matters, my personal blogging has been light for the past month. One of the things that had my attention was the Caulkett case currently pending before the Supreme Court. The issue in Caulkett is whether a wholly underwater second mortgage can be avoided in a chapter 7 bankruptcy. Without any value to reach, a wholly underwater second would not seem to be an allowed secured claim within the meaning of section 506.

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Bankruptcy Attorney Advertising in the Digital Age

01/01/15

Yellow Pages--maybe not so much anymore. Websites, AdWords, and social media--yes, yes, and occasionally.

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Senate Democrats Urge U.S. to Tear Up Corinthian Students’ Loans

12/10/14
Student at Corinthian Colleges WyoTech technical school campus in Laramie, Wyo.
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Ruling Lets Bankrupt Woman Keep Rare Mormon Scripture

11/26/14
An 1830 first edition of the Mormon scripture, “Book of Mormon,” is displayed at the Church of Jesus Christ of Latter-Day Saints Church History Library in Salt Lake City, Utah, in Se
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Rent Control in New York and Bankruptcy

11/20/14

Following up on my prior post, the New York Court of Appeals has ruled that a rent stabilized appartment is a public benefit, rather than an asset.

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Are Some Banks Using Credit Reports to Help Collect Discharged Debts?

11/18/14

Last week, Adam pointed us to a NYT's story on "zombie debt" after bankruptcy. I did a bit more research into the story because I had a hard time understanding the problem from the article.

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The Daily Docket: Madoff Trustee Claws Back Another $500 Million

11/18/14

A new legal settlement will bring in nearly $500 million for Bernard Madoff ’s cheated investors, putting their total recovery to date above $10 billion. Read Jacqueline Palank’s Daily Bankruptcy Review story in The Wall Street Journal.

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Bankruptcy Trustee Draws Complaint

08/26/14

A bankruptcy trustee’s allegedly aggressive questioning of a debtor’s English-speaking skills is the subject of a complaint on file with a federal bankruptcy watchdog, a legal publication has reported.

The New York Law Journal Monday reported that consumer bankruptcy attorney William Ward Saxton filed a complaint against bankruptcy trustee John S. Pereira, accusing him of berating a debtor about her ability to understand English at a meeting in her bankruptcy case last month.

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