Will I ever be able to buy a house again? That’s a common question clients ask when faced with a foreclosure or bankruptcy, or both. Fortunately, the answer is yes, but . . . Depending on the circumstances and type
An article today first appearing in the New York Times suggests that congressional aides are exploring the possibility of legislation that would allow states to file for bankruptcy protection. You can read a summary of the article here: http://www.msnbc.msn.com/id/41188877/ns/business-the_new_york_times/. The
Sticking with our recent theme in blog entries, we decide to touch on reaffirmation agreements this week. Debtors who file a Chapter 7 bankruptcy in Arizona, and owe money on their house or car, are virtually certain to run across
A recent US Supreme Court Ruling in the Ransom case, showed that 8 of our 9 Supreme Court Judges lack the common financial sense to reward good financial planning through our bankruptcy laws. Specifically, the United States Supreme Court has
When it comes time to consider filing bankruptcy, clients are always concerned about whether they will lose their property. The answer depends on the type of bankruptcy they file, and the type of property they have. Under the bankruptcy code,
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Recently a law firm in Florida filed suit against a finance company for stalking one of its clients on facebook. The woman in question had purchased a car and had fallen behind on her payments. Employing what appears to be
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Possible fraud in the processing of foreclosures has led many lenders to put a hold on pending trustee sales and foreclosures. Bank of America announced in October that it has widened its prior moratorium to include all 50 states. You can read
Debt Limits for Chapter 13 Bankruptcy Recently Increased More and more we are seeing clients who make too much money to qualify for a Chapter 7 bankruptcy as a result of the “means test“. (You can read more about the
National Expert Predicts Rising Bankruptcy in 2011 and 2012 With the signing of the Financial Services Regulation Overhaul legislation, the Obama Administration will be turning its attention to its feeble job creation performance. Dr. Robert D. Manning, the nation’s leading
Who pays capital gain taxes relating to the sale of appreciated property sold to pay creditors in a Chapter 13 bankruptcy? Often debtors facing financial crisis have the ability to pay all or a large portion of their debts. Yet,
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