Legal Articles, Bankruptcy & Debt

Bankruptcy Case Dismissals Negating Bankruptcy Stipulations

Over one month ago, we had a big hearing in a big fight over the following facts:

Debt Cancellation - From the Frying Pan to the Fire?

When you're floundering in debt, having some of it cancelled or forgiven sounds great. Be careful. You may be trading a junk-yard dog for Godzilla.

An Unappealable Contempt Decision Providing Rachmones

To some bankruptcy practitioners, the second holding may not be obvious. Yet, it applies an established rule to seemingly new facts. The first holding restated what we already know.

Social Research for Legal Research Examining a Judicial Assumption

Bankruptcy courts frame this issue in statute of limitations and issue/claim preclusion theories.

Considering Bankruptcy? Here's Free Advice from a Bankruptcy Judge

I stumbled on retired Bankruptcy Judge Charles Case's video for folks considering bankruptcy relief. It's the first time I said "amen" after a video.

Consumer Debt Load Outpacing the US Economy

Recent numbers, provided by the Federal Reserve, show that the number of debt consumers accruing is not in line with economic growth.

Student Loan Borrowers Take Out Larger Sums for Private Colleges

Student loan borrowers are often held responsible for making payments of over $350 a month, not only straining budgets but also straining marriages to the point of divorce.

Serious Court Judgments: It Can Be Much Worse Than You Imagined

A default judgment is a problem for most due to the potential for wage garnishments of up to 25 percent of disposable income, levying of bank accounts, and seizure of property.

Chief Student Loan Watchdog Resigns

There may be further worries on the student loan debt front as recent news announces the resignation of Seth Frotman, student loan ombudsman at the Consumer Financial Protection Bureau.

Default Judgments: A Matter Far Serious Than Your Credit Report

You may not have a lot of notice regarding a default judgment, and it can be quite a shock to try to go through the grocery checkout line only to discover your funds have been frozen.

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