Blog Posts in February, 2009

Debts owed to payday lenders can be wiped away in bankruptcy. The real issue is not the fact that they can. It is that once the consumer reaches a point that a very high-interest payday loan is ...

Congress continues to ponder a change to the bankruptcy code that would allow bankruptcy Judges to treat mortgages the way that car loans (older than 2.5 years) are currently treated in a chapter 13 ...

According to a recent USA today article, home foreclosures rose nationwide by 81% from 2007 and 225% from 2006. Total repossessions were 850,000 up from 404,000 in 2007. Arizona’s numbers were among ...

A chapter 13 trustee is the person that the United States Trustee (U.S. Department of Justice) appoints in each state/district to do the following: 1. Review Chapter 13 Filer’s proposed Chapter 13 ...

Chapter 13 Bankruptcy can be a useful legal tool for those in serious financial trouble. It allows the filer to do a number of things that he or she can’t do in a chapter 7 bankruptcy. A number of its ...

According to an Article posted February 3, 2009, at Bloomberg.com, personal bankruptcy filings climbed by 34% in January of 2009. The American Bankruptcy Institute expects 1.4 million consumer ...