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Bankruptcy Blog Posts from July 29, 2010

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Bankruptcy Posts (July 29, 2010)

Latest Unemployment News: More of the Same

The Department of Labor?s latest report on the unemployment situation in the U.S. shows little change from a week earlier, indicating that significant recovery in the jobs market has not yet taken hold. Here?s a look at some of the latest numbers (for the week ending July 17, published at the end of last week): Seasonally [...]
Posted on The Bankruptcy Blog on July 29, 2010 at 6:12 PM

House Passes New Exemption For Gunowners Facing Bankruptcy! Well, Whoop-Ti-Do!

The United States House of Representatives passed H.R. 5827 which allows gunowners to exempt up to $3,000.00 in value in firearms. A comparable version is pending in the Senate now. This is big news right? Not really. First, putting aside the fact that the Senate must pass this legislation and the president must sign it, so [...]
Posted on Bankruptcy Law Network on July 29, 2010 at 5:36 PM

Exactly Why We Need Her There

Since Elizabeth Warren's meteoric rise to fame began a couple years ago, a surprising number of people have asked me if she would run for the Senate. I've always said something along the lines of, "No, she couldn't stomach the...
Posted on Credit Slips on July 29, 2010 at 4:41 PM

Why Is the Government Paying High Interchange Fees?

The American Banker (subscription required) reports that Senator Dick Durbin has "added an amendment to an appropriations bill that would require credit card payments accepted at government agencies to be given the lowest available market interchange rates, which typically can...
Posted on Credit Slips on July 29, 2010 at 3:56 PM

Here's a Consumer Bankruptcy Video About Nondischargeable Debt, Although It has Some Scary Moments; Kinda Like an AZ Consumer Bankruptcy Case!

I think this bankruptcy video is a little on the confusing side, but my first several consumer bankruptcy videos are so goshawful that I have little room to criticize; and this consumer bankruptcy video does have some useful information, if only to provoke questions when you visit an experienced Arizona bankruptcy attorney. But here you go, and enjoy!
Posted on Arizona Bankruptcy Attorney Blog on July 29, 2010 at 1:16 PM

RANDOM BANKRUPTCY FACTOIDS - Part II

One creditor may file for an involuntary bankruptcy proceeding against a borrower, if the borrower has less than 12 creditors and the aggregate undisputed debts are $13,475 or less. If the debtor has more than 12 creditors and the aggregate total of undisputed debts is more than $13,475, then 3 creditors must jointly file for [...]
Posted on Texas Lawyer Blog on July 29, 2010 at 11:59 AM

Wells Fargo/Wachovia Bank Is Freezing Bank Accounts Of Bankruptcy Debtors: Get Your Money Out While You Can

If you file bankruptcy with a checking account at Wells Fargo/Wachovia bank you have a problem. This bank has decided to freeze checking accounts of any customer who files bankruptcy. No, the debtor does not owe the bank or its...
Posted on Florida Bankruptcy Law on July 29, 2010 at 10:35 AM

My First Chapter 13 Mortgage Mediation: A Waste Of Time Because Bank Unprepared

I was involved in my first mortgage modification today under the Orlando bankruptcy court?s mortgage mediation program for Chapter 13 debtors. The scheduled mediation was a complete waste of time. The bankruptcy court issued its newly adopted standard mediation order...
Posted on Florida Bankruptcy Law on July 28, 2010 at 11:34 PM

RANDOM BANKRUPTCY FACTOIDS

· The Means Test is the standard adopted in the 2005 amendments to the Bankruptcy Code to prevent individual high wage earners from filing a Chapter 7 liquidation. However, if more than half of the individual?s debt is related to a failed business, the Means Test may not apply, thus making them eligible to file [...]
Posted on Texas Lawyer Blog on July 28, 2010 at 7:20 PM

Bankruptcy: BP?s Worst Case Scenario?

Six month ago, the idea of the oil giant BP going bankrupt was an unthinkable proposition. Now, although still difficult to imagine, isn?t so far-fetched. Despite the improbability of a BP bankruptcy, there is a common question that people what been asking themselves: What does the worst case scenario for BP look like? An article [...]
Posted on The Bankruptcy Blog on July 28, 2010 at 1:42 PM

I Can?t Afford A Bankruptcy Lawyer?Do I Really Need One?

You are thinking that you may need to file bankruptcy but you are concerned that you do not have the money for a bankruptcy lawyer. You are wondering whether you can afford to pay a qualified attorney to handle your case for you. Perhaps the better question is–can you afford not to! Just recently, I learned [...]
Posted on The Debt Podcast on July 28, 2010 at 10:22 AM

Do I have to see an attorney that practices in the same county I reside?

You live in one county, you are considering an attorney in a different county — does it matter? Do you have to see an attorney in the same county you live? (This is part of what you might be considering when you consider who to hire… for other considerations, see these posts: Wendell Sherk’s Shopping [...]
Posted on The Debt Podcast on July 28, 2010 at 10:22 AM

I Can?t Afford A Bankruptcy Lawyer?Do I Really Need One?

Do I have to see an attorney that practices in the same county I reside?

Why California is Bankrupt, and Arizona Does not Contemplate Bankruptcy. At all.

Clients and potential clients, this is just a gag. Don't bother reading this if you're busy. If you want a chuckle, read on!Why California is Going Bankrupt, and Arizona is Solvent! California:The Governor of California is jogging with his dog along a nature trail. A coyote jumps out and attacks the Governor's dog, then bites the Governor.1. The Gove
Posted on Arizona Bankruptcy Attorney Blog on July 28, 2010 at 12:40 AM

2010-07-29 Posts in other Subject Areas

Legal News (171), Academic (148), Religion & Law (113), Criminal Law (84), Legal Commentary (77), Loan Modification (73), Celebrity Law (66), Legal Research (63), Intellectual Property Law (44), Personal Injury Law (44), International Law (41), Litigation (38), Federal Judiciary (34), Politics (28), Health Law (27), Taxation & Estate Planning (27), Indiana (26), Election-Campaign Law (26), Constitutional Law (22), Corporate & Securities Law (22), Legal Niches (21), New Law Blogs (20), Labor & Employment Law (16), Real Estate & Property Law (15), Bankruptcy (15), Bailout (14), Estate Planning (13), Family Law (12), Corporate Governance (12), In-House Counsel (11), Practice Management (11), Ethics (11), Law Humor (10), Class Action (9), Miscellaneous (9), Legal Writing (9), Copyright Law (9), Legal Marketing & PR (9), Patent Law (7), Consumer Law (7), Media & Entertainment Law (7), Immigration Law (7), Disability Law (6), Ohio (5), Legal History (5), Personal Blogs (4), Florida (4), Public Defense (4), Elder Law (3), Litigation Support (3), Energy Law (3), Local Law Blogs (2), Paralegals & Legal Secretaries (2), Law Students (2), Obama Citizenship (2), State Courts (2), Legal Malpractice (2), Arbitration & Mediation (1), Appellate Law (1), Kentucky (1), Law Technology (1), Benefits & ERISA Law (1), Human Rights Law (1), Insurance Law (1),

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