Recent News
More members of middle class file for bankruptcy- USA Today
"Staci Schubert's career has taken her from New York to California, from graphic designer to website designer to sales executive. Most recently, she launched a business as a designer of handbags and accessories. At 40 and with such accomplishments, Schubert is Middle...
13 Reasons To File A Chapter 13 Bankruptcy
A good blog post by California Bankruptcy Attorney Douglas Jacobs on why to consider Chapter 13 versus Chapter 7. You should always consult with an experienced bankruptcy attorney before making a decision on which chapter of bankruptcy to file. Your attorney will...
6th Circuit BAP Takes Unusual Legal Step and Rules in Important Mortgage Avoidance Case Brought by Trustee
Quotes from the 6th Circuit BAP Opinion: "Ordinarily, an argument which could have been raised below, but was not, will not be considered on appeal. Poss v. Morris (In re Morris), 260 F.3d 654, 663 (6th Cir. 2001). However, an appellate court may deviate from this...
Your credit card company is watching you (for now)
CNN Money reporter Donna Rosato has an excellent article about the practice of credit card companies to track your spending behavior and adjust your credit worthiness accordingly. Donna reports that the results of a study on this creepy practice will be revealed in a...
$75 billion mortgage bailout no help to many homeowners
"What if you knew that in return for $75 billion in HAMP funding, as of September 1, 2009, only 1,711 homeowners had received a permanent loan modification? That is what a Congressional Oversight Panel reported last week, according to Ruth Simon of the Wall Street...
Things That Debt Collectors May Not Do
A great blog post by Oklahoma Bankruptcy Attorney Dan Nunley that provides a checklist of things that a debt collector can and can't do ! You may have options of pursing legal action against creditors if they violate the provisions of the federal Fair Debt Collection...