Category Archives: Bankruptcy

Cheaper Way To File For Bankruptcy?

The Wall Street Journal roused varied reactions with its story on a Cheaper Way To File For Bankruptcy by Katy Stech Ferek. First, I am opposed to licensing of most professions, including law. It deceives the public into believing competence exists, where it may, or may not. Take away the licensing, and consumers will have toContinue Reading

Bankruptcy As Emergency Planning

Reading Maurie Blackman, The Motley Fool, on Business Insider on the Yahoo site, Middle-class Americans are feeling a lot of financial stress and thinking about what to post on today. And how many times I write about having a budget, tracking how much you spend and earn. And it occurred to me that we planContinue Reading

Debt Worries

Suicide is a permanent solution to a temporary problem. Horrible story today about a New York couple who dove to their deaths from their office. Over debt problems. A broke Manhattan chiropractor and his wife jumped to their deaths from an office building Friday — leaving suicide notes describing how they “cannot live with” theirContinue Reading

Consumer Bankruptcy Update

Different consumer bankruptcy things happening. Good Consumer News The FTC caught another bad guy. This time, the Federal Trade Commission shut down an operation that collected more than $690,000 in fake debts by threatening consumers with lawsuits or arrests.  They are not the only ones using this scam. When an individual called the provided number,Continue Reading

Car Debt And Bankruptcy

Car Bankruptcy

Most people who file any Chapter of bankruptcy   have a car, or some other vehicle. Or more than one. Which, more often than not, have a lien on them, meaning that my client still owes money on the car. Auto lending was one of the few types of credit that did not dry upContinue Reading

Debt Crisis Coming?

The economy has been OK to good for a while.  A long while. How much longer will the upturn last? Julia La Roche at Yahoo Finance has a story on a guy who is not comfortable with the rosy credit scenario continuing indefinitely. “It’s been a terrific market for investors for quite a long timeContinue Reading

Bankruptcy And Mortgages

Bankruptcy and mortgages covers a lot of ground, this may be a two-parter. Chapter 7 Bankruptcy and Mortgages Mortgage just means debt secured by real estate.  Home equity loan is just a marketing term, if you pledged your house as collateral, it is just another mortgage. As I am licenses in Michigan, Michigan is theContinue Reading