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Bankruptcy Information

Supreme Court Rules in Favor of Chapter 13 Bankruptcy Debtors

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In a case before the Supreme Court the Court today issued their opinion favoring the debtor in this case. In HAMILTON, CHAPTER 13 TRUSTEE v. LANNING the bankruptcy trustee, Hamilton, a private trustee objected to the monthly payment the debtor, Stephanie Kay Lanning, stated she could reasonably afford to pay. The trustee had followed a mechanical calculation to determine the ... Read More »

    Do It Yourself Guide to Credit Reports: 10 Ways to Improve Your Credit

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    So your credit’s not so hot. A few late payments, maybe an account or two that went to collections. What’s the big deal? As you’ve probably found out, it may be a very big deal. You’ve probably already been turned down for the best credit cards and maybe you’ve had trouble getting a car loan. Perhaps you’ve even put off ... Read More »

      Attorneys Have Debt Problems And File Bankruptcy Too

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      This article was written by my bankruptcy attorney friend Dan Nunley in Oklahoma. It brings up so very good points and Dan said he didn’t mind if I share it with you here. So far this year, I’ve been contacted by three attorneys who are considering filing bankruptcy. I’ve been a bankruptcy lawyer for fifteen years now and it seems ... Read More »

        Copy of Fake Bankruptcy Dismissal Notice From First American Debt Solutions

        Fake First American Debt Solutions Bankruptcy Dismissal

        Here is a copy of the fake Chapter 13 dismissal notice that First American Debt Solutions is sending out to fool people into thinking their bankruptcy case has been dismissed. The goal, talk people into a debt settlement program. The notice is actually false, the bankruptcy has not been dismissed and it is nothing more than a deceptive ploy. Click ... Read More »

          When Some Credit Card Debt Can’t Be Discharged in Bankruptcy

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          Excellent blog post out today by Oklahoma bankruptcy attorney, Dan Nunley, about when some type of credit card debt can’t be discharged in bankruptcy. Like most Americans, the majority of people who I help file bankruptcy have some credit card debt. And a small number have a lot of credit card debt. As a general rule, credit card debt is ... Read More »

            Is It Bad to Go Bankrupt? What Does it Feel Like to File Bankruptcy?

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            Life is ironic some times. Here I was someone growing up that thought that people that found themselves bankrupt were messed up in some way. Yet in 1990 I found myself in bankruptcy. I learned that living through bankruptcy is a whole lot different and that for all those people before that, whom I might have turned my nose up ... Read More »

              How the Washington Post Outed My Bankruptcy Secret

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              I am still amazed when I read ignorant stuff about the reason people are going bankrupt is because there is no more stigma about bankruptcy. No, the reason people are going bankrupt is because creditors are manipulating the system for their own accounting or reporting means and not allowing people to repay their debts with as much enthusiasm as the ... Read More »

                Dave Ramsey and His Un-Truth About Bankruptcy

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                So here I am, minding my own business and what does divine intervention deliver in front of me, a link to The Dave Ramsey page titled the Truth About Bankruptcy. I really wonder if Mr. Ramsey actually believes some of the rubbish he prints. Sometimes it seems to me he is so vested in his old points of view that ... Read More »

                  If Bankruptcy is Immoral and Against Religion or God Then Why Did the Jesuit Priests of Oregon Just File Bankruptcy?

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                  I understand the argument that going bankrupt is bad. Some people object to going bankrupt for moral reasons or religious reasons. I get that. When I went though my money troubles, and eventually bankruptcy, I felt the same way. It was a great struggle for me. But after years of helping people with bad debt in impossible situations, what I ... Read More »

                    Dave Ramsey – Bankruptcy Bigot or Personal Finance Saint?

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                    I was just over on the blog of Dan Nunley, an Oklahoma bankruptcy attorney. He has a fantastic post on his site about Dave Ramsey and his aversion to bankruptcy. It is a post worth reading and the comments as well. It provided a good look at different points of view about Ramsey’s zealous effort to help people to avoid ... Read More »

                      What to Do if You Don’t Like Your Bankruptcy Attorney?

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                      What do you do if you don’t like your bankruptcy attorney? The US economy may have been beaten around a lot the last few years, but it’s still got one thing going for it: Freedom of choice. Whatever you but, whatever service you use, you have a choice. Coke® or Pepsi®.Toyota® or Ford®. The same applies to your bankruptcy attorney. ... Read More »

                        Shakira Says Bankruptcy Changed Her Life for the Better

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                        The popular singer Shakira found insight from the bankruptcy her family lived through as a child and used that experience to motivate herself and to help thousands around the world that are suffering. Colombian singer Shakira, whose hit “Hips Don’t Lie” is the most played record in American radio history, became a musical sensation and a global philanthropist because of ... Read More »

                          Is Bankruptcy Right For Me?


                          Bankruptcy Basics Most people think of bankruptcy as a process in which you go to court and get your debts erased. It’s not that simple. In fact, there are two types of bankruptcy: the familiar liquidation bankruptcy, where your debts are wiped out (Chapter 7 bankruptcy) and “reorganization” bankruptcy, where you partially or fully repay your debts. The reorganization bankruptcy ... Read More »

                            When Doing What You Think is the Right is the Wrong Thing to Do During Financial Troubles

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                            I am forever faced with people who tell me that no matter how bad their financial situation is they will never consider bankruptcy as an option. Now I understand to that person, the thought of bankruptcy is reprehensible. They feel it is morally wrong or against their religion. They feel it is a violation of the trust others have placed ... Read More »

                              Bankruptcy Becoming More Common Among Upper Middle Class Out of Necessity

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                              For the past few years I’ve been suggesting bankruptcy more and more as a solution to people in trouble. I’ve written about my position, “I Suggest Bankruptcy Too Often, So Say Some“, and I receive my fair share of criticism about the amount of times I suggest bankruptcy. An article out today, full of data, and experts I respect supports ... Read More »

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