Recent News
Ever Wonder How the US Obtains Money To Operate The Government?
Here's how ! , Courtesy of the Washington Post: "The boiler room of the ship of state is a sterile chamber on the ninth floor of an unremarkable office building in downtown Washington. Half a dozen staffers sit at computer monitors, staring at incoming data. A voice...
Bankruptcy Filings up 100 Percent from 2007: Americans Financially Unable to Meet Current Debt Payments. 85 Percent of Chapter 7 Filings are Classified as No-Assets
From mybudget360.com: The U.S. Courts released data last week closing out the 2009 fiscal year. In the release we find that bankruptcy filings are up 100+ percent from 2007. No other economic vehicle shows deeper signs of financial strain than bankruptcy. ...
Why Short Sales Usually Are a Bad Idea
A very timely topic in this blog post by Maryland Bankruptcy Attorney Brett Weiss. I have had an epidemic recently of realtors contacting the office desiring to have short sales conducted of real estate owned by my clients that are in bankruptcy. Typically, these...
Medical Bankruptcy Fairness Act of 2009
David Goch, of the Consumer Law League of America has a good status update on the Medical Bankruptcy Fairness Act of 2009. This proposed law will likely make it easier for folks with large amounts of medical debt to get help through filing bankruptcy. A recent study...
Law Practice Marketing In Tough Economic Times
Bankruptcy Law Marketing guru Jay Fleischman has some good marketing tips for attorneys in these tough economic times.
New Bankruptcy Rule Changes Effective December 1st !
The Bankruptcy Prof Blog has a great summary of the new rule changes that went into effect December 1st, 2009. Among the most signficant of these is the change in time computation for various deadlines to file things and a new cover sheet for reaffirmation...
