Recently, President Obama made some speeches regarding student loan debt at various college campuses. At issue in many of his talks is that the current student loan interest rate for government backed loans will double from 3.4% this summer unless Congress takes action.
While a 3.4% interest rate is ...
When individuals file for bankruptcy protection under Chapter 7, an automatic stay is put into place which prohibits creditors from pursuing litigation against the debtors and from contacting the debtors in attempts to collect debts. This protection continues after an Order of Discharge is put into place, since the ...
I stumbled upon this article today. It really only illustrates the role of a bankruptcy trustee, as far as the educational value of the article, but I found it to be mildly amusing. It seems that a disgraced, and dead, Tennessee business-man hid many pieces of valuable art. He ...
For me, the most difficult type of individual to help to file for Chapter 7 bankruptcy is a small business owner. The reason for this is that often a small business can complicate an individual's plans to file for Chapter 7 Bankruptcy protection. Most people would like ...
The main purpose, or reason, for most of the people I help to file for Bankruptcy is discharging unsecured debt. Basically, debt for which there is no collateral to secure the debt is what burdens many clients, more so than even mortgage related debt, in most ...
Well, I think just about every bankruptcy blog in Central Florida is posting on this topic this week, and I really don't want to go against the grain here. So, there's a law firm in town, who in this blog will remain nameless, that got banned from ...
It is pretty clear from the number of people filing bankruptcy that times are tight with money. That's why I found it very interesting when I stumbled upon an article about Borders booksellers trip trough Chapter 11.
It appears that the attorney representing Borders has advocated for the top ...
In February, U.S. Bankruptcy Judge Robert Grossman, of the Eastern District of New York decided a case which impacts both bankruptcy cases and foreclosure cases. At its core, the ruling by Judge Grossman impacts the ability of a bank or servicer of a mortgage to set aside the automatic stay ...
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