Mid Week Bankruptcy Case Review – Issue 02
The case review this week is a clear indication of why attorneys need to pre-qualify their debtors before accepting them as clients. Not only do you need to protect yourself from accepting fraudulent...
View ArticleMid-Week Bankruptcy Case Review – Issue 3
Issue 03 – November 3, 2010 COMPLIANCE WITH SCHEDULE C EXEMPTIONS One very confusing fact for attorneys new to bankruptcy is that the debtor(s) need to reside in the state they are filing bankruptcy in...
View ArticleHomeowners = Losers and Lenders = Winners
Many bankruptcy attorneys that we prepare petitions for are normally apprehensive regarding cram downs and strips downs of mortgages. Although I have written many articles about these topics, one angle...
View ArticleMid-Week Bankruptcy Case Review – Issue 4
Issue 04 – November 15, 2010 RE: UNEXEMPT EQUITY IN A CHAPTER 7 When Mary Doe (fictitious name) filed her Chapter 7 bankruptcy petition, the attorney used the Kelly Blue Book TRADE IN value for her car...
View ArticleMid-Week Bankruptcy Case Review – Issue 5
When Donny Debtor came into the office to review his bankruptcy petition before filing, we asked him if he had any other credit cards that were not listed on Schedule F. He said he had a JC Penny and...
View ArticleMid Week Bankruptcy Case Review – Issue 6
Issue 06 – December 11, 2010 RE: THE TRIED AND TRUE METHOD OF BUILDING YOUR LAW PRACTICE We had a couple who originally wanted to file a Chapter 13 so they could keep their home. However, they were...
View ArticleMid-Week Bankruptcy Case Review – Issue 6
Issue 06 – December 18, 2010 RE: THE IMPORTANCE OF A THOROUGH ASSET SEARCH As an independent paralegal I am often approached by people who want to file bankruptcy but have no clue how to start the...
View ArticleMid-Week Bankruptcy Case Review – Issue 7
Issue 07 – January 27, 2011 RE: HOW AN ATTORNEY COULD HAVE SAVED $250 AND A GREAT DEAL OF TIME In this issue I am going to discuss a problem with a Chapter 13 client that has happened twice during the...
View ArticleWould This Cause a Creditor to Object to a Chapter 13 Plan?
I worked on a case this past week with a California attorney, practicing in the Riverside Division of the Central District. The client had a home that carried a mortgage of $402,500; however, the home...
View ArticleWSJ Reports- Bankruptcy Judge Sends a Message to Bank of America
Bank of America has been ordered to pay $10,000 per month for every month it continues to badger a couple to pay off a loan that was discharged in bankruptcy, in a ruling from a prominent judge who...
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