
Bankruptcy Blog Posts from November 19, 2009
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Chapter 13 Debtor Can Cram Down Investment Mortgage Using Balloon Payoff At Plan's End
Chapter 13 bankruptcy law permits debtors to "cram down" some secured debts. You can cram down secured car loans originated more than 910 days prior to bankruptcy, and you can cram down mortgages on investment real estate. No cram downs...Posted on Florida Bankruptcy Law on November 19, 2009 at 11:17 PM
How the HAMP loan modifications effect your credit score
This post discusses (1) how they are being reported, (2) how they should be reported, (3) what you can do to get your HAMP-modified mortgage reported correctly, and (4) possible effects even the ?correct? reporting might have on your credit score. How HAMP-modified loans are being reported now Many servicers are reporting the modified mortgages to thePosted on Bankruptcy Articles & Blog on November 19, 2009 at 7:39 PM
Swindle on Wall Street? Naw?
Here is a hugely informative article on a monster swindle involving the Federal Reserve and certain anointed “too big to fail” banks. The allegations are that these folks got together and decided to buy massive amounts of puts on Bear Stears? stock ? yes, right before the Fed and Treasury let it fail. This deal [...]Posted on Texas Lawyer Blog on November 19, 2009 at 6:58 PM
Middle-Class the New Face of Bankruptcy
The middle class is increasingly resorting to bankruptcy despite college education, home ownership and other historical signs of success, according to a new study. While the middle class's investments in higher education and real estate have typically shielded them from the hardest economic storms, that is no longer the case. "The Vulnerable Middle ClaPosted on The Bankruptcy Blog on November 19, 2009 at 6:20 PM
Omen of Things to Come?
If the economy falls off a cliff starting tomorrow, then there will only be more of this kind of finger pointing and name calling between Washington and Wall Street. ?Treasury Secretary Timothy Geithner defended the Obama administration?s economic record and dismissed a call for his resignation from the senior House Republican on the Joint Economic [.Posted on Texas Lawyer Blog on November 19, 2009 at 4:56 PM
I?m Having Trouble Making My Chapter 13 Payments?Is Converting To A Chapter 7 An Option?
A chapter 13 case can last from several months to several years (but no more than five years). Over this amount of time, things can change–jobs can change, expenses can change, any number of things can change. Because of this, it is not unusual for folks who are in a chapter 13 plan to experience difficulty [...]Posted on Bankruptcy Law Network on November 19, 2009 at 4:48 PM
New York Bankruptcy Lawyer Says Not To File For Bankruptcy
What I’m about to say borders on heresy, and I’m pretty sure I’m going to get flamed by my colleagues and friends for saying it. I’m willing to take the risk, and I invite everyone to submit their comments to this post to let me know what they think. If you’re thinking of filing for bankruptcy [...]Posted on Bankruptcy Law Network on November 19, 2009 at 1:52 PM
Free Health Clinic Events Are The New Rock Concert
Medical problems, even when you have insurance, are an increasingly large cause of bankruptcy cases. Some groups are trying to help folks with poor or non-existent coverage to get care. The events are being set-up — and attended — like rock concerts. One organization setting up large events with volunteer medical staff and doctors on handPosted on The Debt Podcast on November 19, 2009 at 1:23 PM
Breathe!
Sounds like a silly command doesn’t it? But by breathing you can calm your mind and elevate your mood. In fact Dr. Weil states; “Practicing regular, mindful breathing can be calming and energizing and can even help with stress-related health problems ranging from panic attacks to digestive disorders.” Dr. Weil has three breathing exPosted on The Debt Podcast on November 19, 2009 at 1:23 PM
Free Health Clinic Events Are The New Rock Concert
Medical problems, even when you have insurance, are an increasingly large cause of bankruptcy cases. Some groups are trying to help folks with poor or non-existent coverage to get care. The events are being set-up — and attended — like rock concerts. One organization setting up large events with volunteer medical staff and doctors on handPosted on Bankruptcy Law Network on November 19, 2009 at 1:43 AM
Breathe!
Sounds like a silly command doesn’t it? But by breathing you can calm your mind and elevate your mood. In fact Dr. Weil states; “Practicing regular, mindful breathing can be calming and energizing and can even help with stress-related health problems ranging from panic attacks to digestive disorders.” Dr. Weil has three breathing exPosted on Bankruptcy Law Network on November 18, 2009 at 7:49 PM
Gold Prices
The good folks at Elliot Wave note that ?[Gold]?s rise has now engendered back-to-back days of 97 percent bulls, the first time this has occurred in the 22 years of Daily Sentiment Index data that we have from MBH Commodity Advisors (trade-futures.com).? and thus almost guarantee plummeting gold prices. Their point is that once everyone, [...]Posted on Texas Lawyer Blog on November 18, 2009 at 7:34 PM
OK, now this is Serious
There is a shortage of Eggo frozen waffles. Now I know that you can make and freeze your own pancakes and waffles, but do your kids really want those?? No. They want what they see on TV ads ? and now?they are out, due to a flood at the Eggo plant!! Here is a link to [...]Posted on Texas Lawyer Blog on November 18, 2009 at 6:44 PM
New Bankruptcy Chapter Proposed by Congress
A new amendment to the U.S. bankruptcy code could help troubled financial institutions reorganize their debts more effectively and eliminate the status of "too big to fail" that has prompted government intervention over the past two years. H.R. 3310, introduced by Rep. Spencer Bachus (R-AL), is called the Consumer Protection and Regulatory EnhancementPosted on The Bankruptcy Blog on November 18, 2009 at 2:37 PM
Who Not To Add As A Friend on Facebook.
In today’s Internet world social media is all the rage. Facebook, Twitter, Linkedin, etc… are all sites where you can find old friends, colleagues, and your bankruptcy attorney, judge and/or trustee. If you are in bankruptcy you might be excited to find your trustee, attorney and/or judge on Facebook and request that they be your [...]Posted on The Debt Podcast on November 18, 2009 at 11:58 AM
Lending to Unemployed: Frankly, There?s Got to be a Better Way
Yesterday I tweeted about Barney Frank?s idea of giving unemployed homeowners access to low interest loans. The theory is that it help fills a gap in the Obama Administration?s plan to address foreclosures caused by unemployment. I think this is a bad idea (and a bit of mid-term election posturing). ...Posted on McLeod Law Offices on November 18, 2009 at 11:58 AM
Son of Pine Gate
As Credit Slips readers may know, a group of key Philadelphia newspapers are currently in chapter 11. The debtor that owns the papers owes its secured lenders north of $290 million. It wants to sell itself under a plan to...Posted on Credit Slips on November 18, 2009 at 9:55 AM

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How do you recover money from a stop payment placed on a personal check given to you?
you can always take them to small claims court and sure them for 3 times the amo...
Protection from damages from Internet advertising fraud for owners of an Incorporated company?
The "corporate veil" that ordinarily protects business owners and managers from ...
Does a Chapter 7 bankruptcy discharge a secured mortgage loan?
Yes if you file they cannot sue you to the knowledge I know. My brother is in re...
Once a storage company takes possession of a stored asset and attempts to sell it to satisfy delinquent storage fees, can they continue to charge for storage?
what we found out is that the guy held onto the car since 99 and now wants all s...
I have a collection account on my credit report which states a later "account opened" date than the original creditor's default date on the very same report. What should I do? Do not want to file for bankruptcy.
You might consider contesting the account problem in question. If you call the c...

How do you recover money from a stop payment placed on a personal check given to you?
you can always take them to small claims court and sure them for 3 times the amo...
Protection from damages from Internet advertising fraud for owners of an Incorporated company?
The "corporate veil" that ordinarily protects business owners and managers from ...
Does a Chapter 7 bankruptcy discharge a secured mortgage loan?
Yes if you file they cannot sue you to the knowledge I know. My brother is in re...
Once a storage company takes possession of a stored asset and attempts to sell it to satisfy delinquent storage fees, can they continue to charge for storage?
what we found out is that the guy held onto the car since 99 and now wants all s...
I have a collection account on my credit report which states a later "account opened" date than the original creditor's default date on the very same report. What should I do? Do not want to file for bankruptcy.
You might consider contesting the account problem in question. If you call the c...







