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Bankruptcy Information

Did the NFCC Client of the Year Really Do the Ethical Thing?

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The National Foundation for Credit Counseling Recently put out a press release celebrating their clients of the year who, in my opinion, should never have been put into a debt management plan to begin with. See NFCC Celebrates Utter Stupidity and Puts Older Dementia Patient in Debt Management Plan. My goodness, I hate to make this issue about Jim and ... Read More »

    Are You a Great Bankruptcy Attorney or Do You Know of One? We Want to Know.

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    We’ve recently launched our new bankruptcy attorney directory at bankruptcy.getoutofdebt.org. Our hope is that we can make it easier for bankruptcy attorneys to be found by readers and that we can feature one attorney in each city. Filing bankruptcy is most often a nerve wracking experience. It’s less because of the actual process and more because of the uncertainty or ... Read More »

      What the Full Set of 2011 Bankruptcy Tells Us About Consumers With Debt

      The most recent annual publication of bankruptcy data is out from 2011. Compared to 2010 there was an 11 percent drop in bankruptcy filings, a 23 percent drop in filer assets, a25 percent drop in filer liabilities and a 28 percent incidence of repeat filers. Despite of what many debt relief company sites claim that a chapter 7 bankruptcy is ... Read More »

        Will My Girlfriend Lose Her Car I Cosigned for When I File Bankruptcy? – Marc

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        “Dear Steve, I am divorced and have about $100k in unsecured debt due to job loss and other issues which arose in my marriage. I am just treading water with the bills (including alimony and child support) and am sinking fast. I believe I am going to have to file Chapter 7 BK as I am never going to dig ... Read More »

          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 »

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