In many consumer bankruptcy law firms, the overriding idea is to get as many people to “sign up” as possible. And, with that approach, the bigger bankruptcy firms, especially in large metro areas, become “bankruptcy mills”. The attorneys are mostly young, and the firms advertise
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Archives for General Bankruptcy Topics
How Can Rap Star “50 Cent” be in Bankruptcy?
None of us “regular people” can relate to the amount of money that rapper 50 Cent (Curtis James Jackson III) makes on his songs, concerts and CDs. If he makes so much money singing, and endorsing products, why is he in bankruptcy? In July, he
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Bankruptcy Relief- Your Tax-Free Lunch!
Have you heard of the saying, “There ain’t no such thing as a free lunch”?. Well, in the case of bankruptcy debt relief, there is! If you file bankruptcy, your debt is eliminated. So, you have to pay tax on the debt you got rid
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If I File Bankruptcy, Should I Feel Guilty?
A while back, I wrote an article titled, “Is it Morally Wrong to file Bankruptcy?” This is a question that many people wrestle with. Take a look at this blog on My Daily Finance “Should I file Bankruptcy? If I do, Should I feel
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Don’t Slip Up! Injuries and Bankruptcy Cases
These are topics that most people don’t think about (or don’t want to think about!)—what happens if you are injured and have an injury case going on, or a claim against someone for an injury before, or after a bankruptcy case is filed? For most
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Insult to Injury– Scammers Targeting Bankruptcy Filers!
People who owe money to debt collectors are “easy pickings” for scam artists. People end up owing many different companies, who sell their debt to other collectors. So, naturally, by the time they start getting collection calls, it is hard to tell what debt each
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Award Season For Lawyers- The Clients’ Choice Award for 2015!
In the 20-plus years I’ve been an attorney, there have been many changes to how clients find an attorney, and how attorneys find their clients. Back when I started in practice, there were a few companies that rated attorneys. Those companies mostly focused on the
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Debt—A Four Letter Word! *&$#!
I recently wrote a blog article, “Do You Love or Hate Money?”, and this subject, Debt is also something In the modern world, we can’t barter to get our food. We need to earn money, to buy enough goods, services, or housing to live a
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How the Bankruptcy Laws Helped Donald Trump Stay Rich
We have all heard Donald Trump talk, a lot, during this Republican presidential campaign, and, in the debates, many of his challengers, and the debate moderators, criticized him about his four bankruptcies. Yes, 4 bankruptcies! Take a look at this article, that shows a few
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Arizona Bankruptcy Court- You Can Keep an Inherited IRA- Don’t Listen to the Supremes!
When people file for bankruptcy protection, they are allowed to protect, or “exempt” certain property. What can be protected (and what rules are used to protect the assets) depends on which state the debtor lives in. Back in 2014, the US Supreme Court ruled, in
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