A Day In The Life Of A Bankruptcy Attorney

Lots of complicated bankruptcy questions fell in my lap today. So, I thought I would recap some of my bankruptcy attorney highlights. Bankruptcy Attorney and the Trustee First up, a follow up to a question, from a year ago, from an out of Michigan attorney who is a creditor. Because the Chapter 7 bankruptcy debtor,Continue Reading

CFPB and Debt Collectors

Automatic Stay Stop Debt Collection

Debt collector abuse is what drives people to the doors of bankruptcy lawyers like me. But, I am still AGAINST debt collector abuse. CFPB and Debt Collectors The Consumer Protection Finance Bureau (CPFB) has been around for a few years now, so far overcoming court challenges to the broad array of powers bestowed on itContinue Reading

Bankruptcy Filings Going Up?

Bankruptcy filings follow, logically, consumer debt. When debt goes up, eventually, Bankruptcy Filings Go up. Is Consumer Debt Going Up? Uh, yup. Consumer borrowing picked up a bit in May from the prior month, but the pace of growth remained well below the surge seen in March, suggesting that consumers are still reluctant to run upContinue Reading

Lying Bankrupt Celebrities?

I have blogged about these two bankrupt celebrities before, and they are both back in the news, one for having his bankruptcy dismissed, and one for fighting a motion to re-open her bankruptcy case. Gary Dourdan Celebrity Bankruptcy From CSI Vegas, we start with Gary Dourdan, who filed a Chapter 11 bankruptcy last year. TheContinue Reading

Co-signing Debt And Bankruptcy

The thing about co-signing debt is, the co-signer always thinks, the signer will pay, I won’t get stuck. And the lender, the creditor with the money, always thinks the opposite.  They want the debt co-signed because they do NOT believe the borrower will pay. Co-signed Debt – What Really Happens? According to CreditCards.com, 38% ofContinue Reading

Payday Loan Remedy?

New payday loan regulations are coming, from the Consumer Protection Finance Bureau. (CPFB) I am no fan of payday loans, which amount to legal loan sharking. However, I am sceptical of government rules to protect us from ourselves. Payday loans are supposed to hold you over until, well, payday. Small amounts of money for shortContinue Reading

Is Filing Bankruptcy A Sin?

I met with some new bankruptcy clients yesterday, and, like nearly all of my bankruptcy clients, they feel bad. Horrible.  Their debt crisis is eating them up.  Obviously, they feel like, filing bankruptcy is a sin.  Or, that having debts they cannot pay is a sin. What Does the Bible Say About Debt? From theContinue Reading