If your bankruptcy schedules are filled out wrong, can you blame your lawyer for what is on them when you are charged with bankruptcy fraud? Technically, the criminal charge will be perjury, but it is for filing fraudulent schedules. That is, not listing an asset you have, answering one of the questions on the statement…
Monthly Archives: May 2010
Did Bankruptcy Reform Worsen Foreclosure Crisis?
Bankruptcy laws were significantly changed in 2005, and filings went way down. A new study suggests bankruptcy reform accelerated the foreclosure crisis. The theory is simple enough. People who file bankruptcy and get rid of credit card and other debt, have more money available to pay the mortgage payments, and stay out of foreclosure. So,…
Student Loans: The Big Scam
Student loans started with the GI bill in World War II, and has expanded out of control. Because of: the colleges. Tuition costs raced ahead of inflation by over half in the 80s, which looks like a bargain compared to the four hundred per cent gap in the last ten years. So, the way to…
Bankruptcy Filings Caused By Banks
Foreclosures on Detroit, Michigan homes, like the ice house in the picture, brought about by: the Wall Street and mortgage companies! Which leads to more and more bankruptcy filings. A continuing theme on this blog, that mortgage companies criminal acts caused the foreclosure crisis. Michigan Senator Levin gained a lot of ink by quoting scatological…
