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Bankruptcy Information

Lesbian and Gay Couples Allowed to File for Joint Bankruptcy

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An article out of Kentucky brought up a point I had not thought about, filling bankruptcy as a gay married couple. The underlying issue is that with only a handful of states recognizing gay marriage, what are gay couples to do when they want to file bankruptcy together but their marriage in New York isn’t recognized by Kentucky. That question ... Read More »

Bankruptcy Should Be the Last Resort Many Say. But That’s Just Not True.

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There they go again, “bankruptcy should only be considered as a last resort.” We’ve all heard that rumor or authoritative statement, many times. You even read it again and again in mainstream media. But here is the problem with that statement, it’s just not true. There are plenty of times when bankruptcy should be considered the first resort, not the ... Read More »

Symphony Files Chapter 7 Bankruptcy for Creditor Protection

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The Napa Valley Register is reporting the Napa Valley Symphony Association has recently filed for chapter 7 bankruptcy protection. The quote by the president of the board certainly sounds similar to that felt by many people facing equally dark times. “It’s not something we did lightly,” said Michael Enfield, president of the board of the association. “But sometimes when you’re ... Read More »

Superior Court Judge Candidate Allowed to Run for Office With Recent Bankruptcy

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Out of Georgia today we see yet another example of how bankruptcy is not the job killer many gear it will be. A state administrative judge has ruled that Juvenile Court Judge Willie Saunders is eligible to run for a Superior Court judge position, according to an opinion filed today. Although Saunders owes federal taxes, his plan to pay the ... Read More »

BBB Warns Consumers About Bankruptcy Firm – Affordable Law Center

Low Cost Bankruptcy | Divorce | Attorneys | DUI | Lawyers | Nevada (20120627)

The BBB is warning consumers about Affordable Law Center which claims to offer consumers bankruptcy services at highly competitive rates. Turns out the owner of the company, Ed Jonak, is not a licensed attorney and does he employ counsel admitted to practice law in the U.S. District Court in Minnesota, where bankruptcy proceedings are handled. “There’s a clear pattern of ... Read More »

Stockton, California Seeks a Financial Fresh Start in Bankruptcy

Stockton, California neighborhood. Credit: Inman News

The economy has taken a serious hit on a lot of people. But it’s also hit the 290,000 people in Stockton, California pretty damn hard. Tonight the city council is voting on filing bankruptcy to try and give the city a fresh financial start under a chapter 9 bankruptcy. Like big airlines and companies, sometimes cities find themselves in a ... Read More »

The Truth About The Success Rates, Failure Rates and Completion Rates of Credit Counseling, Debt Settlement, Bankruptcy, and Debt Consolidation Loans

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This is a story that I’ve been working on for a few weeks. I’ve been asking people and groups for feedback and information to write this but what I’ve run into, is a wall. I have received some feedback from groups and people that don’t wish to be publicly identified to protect themselves but what I have learned has been ... Read More »

Filing for Personal Bankruptcy

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Filing bankruptcy can be scary. there is no other way around that. I should know, I filed personal bankruptcy in 1990. But just because it’s scary doesn’t mean it’s not the right thing to do. It just means that filing for personal bankruptcy is a unexpected process that most people have not properly investigated and they allow themselves to have ... Read More »

United States Trustee Files More Allegations Against Morgan Drexen, Howard Law, Figueredo & Boutsis and Rosen & Wining

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Yesterday I wrote about a court filing by the United States Trustee against Morgan Drexen, Howard Law, Figueredo & Boutsis and Rosen & Wining. In that separate case you can read about here, some similar accusations were made as made in this case. On May 11, 2012 the United States Trustee, Donald F. Walton and United States Department of Justice ... Read More »

U.S. Department of Justice Levels Deception and Fraud Allegations at Morgan Drexen and Others

On May 11, 2012 documents were filed in two bankruptcy cases by United States Department of Justice, Office of the United States Trustee against Morgan Drexen and others. The allegations made are very sternly worded. In the first document filed against Morgan Drexen, Howard Law, Figueredo & Boutsis, and Rosen & Wining the trial attorney for the Office of the ... Read More »

Chapter 13 Bankruptcy – What Is It Questions

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Let’s take the mystery out of what is chapter 13 bankruptcy and eliminate your questions. No sense for you to labor under false assumptions and guesses. Bankruptcy is a legal process that allows consumers to allow the court to intervene between them and their creditors in order to put together a plan to repay creditors based on what the individual ... Read More »

Life After Bankruptcy – The Truth

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Here is what you need to know right off the bat, there is absolutely life after bankruptcy. Ironically for many their financial lives turn out to be better and stronger than before. Almost all the negative preconceived notions you may have about bankruptcy are generally incorrect. That surprises most people. Let’s look at some of the key areas of life ... Read More »

Should I File for Bankruptcy?

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Many people are all mixed up when it comes to figuring out the tough question, “Should I File for Bankruptcy?” Right off the bat I can give you a definitive answer, “Maybe.” Bankruptcy is a legal process that is available to consumers that are suffering under the weight of problem debt. The law affords consumers a periodic right to establish ... Read More »

Getting a Job or Finding a Job After Bankruptcy

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A common conern I hear from time-to-time is if someone goes bankrupt will they be able to find a job or get a job. The answer will surprise you. According to Christine Saah Nazer, of the U.S. Equal Employment Opportunity Commission, “The use of credit histories in employment can have a disparate impact on a range of people, including people ... Read More »

How Does Bankruptcy Work?

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Bankruptcy is one of those things people are afraid of, but they really don’t know why. Once you learn the facts about bankruptcy and how it works, you’ll want to know more. Bankruptcy is a legal process that is administered through the court. While people can technically file bankruptcy themselves, it’s not a smart idea. Mistakes happen and a mistake ... Read More »

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