Tag Archives: insolvency law

Bankruptcy Fraud

 

Bankruptcy fraud is bad.

Bankruptcy fraud by an attorney?  Worse.

Well, I have been absent from the blog for the longest time ever, for me, swamped with Chapter 11 bankruptcy work.

Hey, I am not complaining!

So this particular North Carolina bankruptcy attorney, who shall remain nameless, hey, innocent until proven guilty, already was nailed for fraudulent scams involving over 200 pieces of real estate and $15 million in bogus loans.

While under house arrest, on those charges, which are on appeal, she filed bankruptcy.

Allegedly, she concealed almost $100,000 of rental income she received.  She is charged with setting up fake email accounts to help her conceal income.

As I say to my clients, do you want to see the sunlight come up in chunks?

Then tell the truth!

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2 Responses to Bankruptcy Fraud

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F Is For Bankruptcy Attorney Fees

Letter F

image by:  Dreamstime Bankruptcy attorneys file bankruptcy, themselves, both Chapter 13 payment plan bankruptcies, or Chapter 7 liquidation bankruptcies, more often than we get million dollar fees. But, what is news? Over a billion (yeah, B as in Billion) in attorney fees, on a bankruptcy case? Yah, you betcha. “These fees are higher than myContinue ReadingContinue Reading

4 Responses to F Is For Bankruptcy Attorney Fees

  1. Great article! Sometimes I get jealous of the big fees the Chapter 11 attorneys earn. But as a consumer attorney I press on with the small fees I earn knowing I am helping out the little guys 🙂 Daniel

    Daniel Stone
    Stone Law Firm
    Irmo, SC 29063
    danielstonelaw.com

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5 Responses to Feel Guilty Filing Bankruptcy? Good!

  1. Your words here are so profound and spoke to our faith. There is such a stigma towards people who file bankruptcy that you can’t help but feel that you are doing “wrong” somehow. After reading this, we feel more hope about our future. Especially for our children. Something we haven’t felt in many years. Thank you.

  2. A Bankruptcy wipes out all a person’s eligible debts usually within nine months. In the vast majority of cases the debtor has no assets that he or she would lose. Bankruptcy gives a person a relatively quick “fresh start”.

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S Is For Chapter 13 Step Plan

S block

S is for Step Plan image by: dreamstime image by:  dreamstime Chapter 13 bankruptcy is difficult enough to understand.  The Chapter 13 plan is the point of a Chapter 13 bankruptcy case. Chapter 13 is a payment plan bankruptcy case, as opposed to Chapter 7 or “straight” or “liquidation” bankruptcy. Clients always ask:  How does theContinue ReadingContinue Reading

5 Responses to S Is For Chapter 13 Step Plan

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9 Responses to Oh, Oh, Bankruptcy Danger: Omitted Creditor

  1. We have a VA mort that we never missed (still)for 12 years. I lost my job, big med bills, then husband lost is job. I am waiting on SSDI. Went through 401k, pension everthing. Went to first attorney paid retainer spoke ten min told me too much income b/c of 401k w/d couldn’t refund money sent me to his friend put us in 13 another attorney said yes you could have done7 paid more money now in 7 said we had to reaffirm 2nd even though upside down just in first do u think they would only agree to 7 if we did that? there’s more but what do you think so far? Thanks

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C Is For Creditor

man with muscles

   Creditors may not all look like this.  OK, probably none of them do.  But that is what some of them make us think they are, on their way to bashing our heads in if we don’t fork over the loot. Loot that we don’t have. The bankruptcy code defines creditor as: (A) entity thatContinue Reading

2 Responses to C Is For Creditor

Forgiveness Of Debt Income, What Everyone Ought To Know

DISCLAIMER:  NOTHING IN THIS POST IS MEANT AS TAX ADVICE, CONSULT A PROFESSIONAL Some of my clients were about to pay income tax because of 1099-C forms received on rental properties they had abandoned. I was stunned. These people were bankruptcy clients, who had already filed Chapter 7 and received discharges. So they no  longerContinue Reading

3 Responses to What Is A Chapter 7 No Asset Report?

Who Will Know If I File Bankruptcy?

Many clients ask me who will find out if I file bankruptcy?  Does my boss have to know? I don’t want my relatives and friends to find out. All court proceedings are matters of public record, unless the Judge orders the records sealed at the request of a party, and it must be for specialContinue Reading

4 Responses to Who Will Know If I File Bankruptcy?

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The Truth About Michigan Bankruptcy Petition Preparers

In the Eastern District of Michigan Bankruptcy Court, Detroit, ten percent of the Chapter 7 cases filed are by people without attorneys. Many of the bankruptcy petition preparers abuse the process. First, they charge more than allowed. All of the Judges in the Eastern District of Michigan Bankruptcy Court have signed an order limiting bankruptcyContinue Reading

4 Responses to The Truth About Michigan Bankruptcy Petition Preparers

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