A Settlement between the 50 State Attorneys General and the Big Mortgage Lenders–Or Not?
Is the most infamous home mortgage story of late 2010–the “robo-signing” of foreclosure documents–finally coming to closure in early 2012?
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What Stops a Creditor from Chasing You After Its Debt Has Been Written Off in Bankruptcy?
Even though it’s illegal for creditors to try to collect on a debt that’s been discharged (legally written off) in bankruptcy, once in a while they may try. What makes chasing a discharged debt illegal? And what penalties can get awarded to you if a creditor breaks the law?
Audit Shows Capital One Bank Illegally Filed $24.7 Million in Claims for Debts Previously Discharged in Bankruptcy
One can understand if a major U.S. credit card company forget that one of its customers had earlier written off that company’s debt in bankruptcy. But forgetting this very important fact for 15,500 of its customers?!?
Quick Rules about Preserving Your Home through Bankruptcy
When does filing bankruptcy save your home? When is “straight bankruptcy–Chapter 7–the right tool, and when do you need Chapter 13?
The Morality of the American Airlines Chapter 11 Reorganization
A corporation which files bankruptcy is considered to be proactively using a strategic business tool. But a human being who files bankruptcy is considered to be irresponsibly breaking promises to creditors.
Anatomy of the American Airlines Bankruptcy
The reason American Airlines filed Chapter 11 bankruptcy is so that it could break promises it made to its employees and its aircraft suppliers.
Keeping the Vehicle You Owe On in a Chapter 7 Bankruptcy
Chapter 7 is the take-it-or-leave-it bankruptcy when it comes to your vehicle with a loan against it. In most cases you either keep on making the payments or you surrender the vehicle, nothing much in between.
Keeping Everything You Own Through Chapter 13 Bankruptcy
One good reason that people filing Chapter 7 don’t lose any of their stuff to the bankruptcy trustee–if they did have something to lose, they likely file a Chapter 13 instead.
Keeping Everything You Own in Bankruptcy
You want to know: “Can I really keep everything I own if I file bankruptcy?”
The Very Rocky History of U.S. Bankruptcy Law
You think the present Congress can’t get anything done? It took more than a hundred years for Congress to pass the first permanent bankruptcy law.