Time For Bankruptcy To Turn The Next Chapter

July 8, 2010

It has been a while since I have posted, and I apologize for the silence, it was not intentional.  The law practice has been very busy and we hired one paralegal and will be hiring another paralegal at the end of this month.  This is a difficult but necessary decision, even for a certified control [...]

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Foreclosure Crisis Ready to Strike Lehigh Valley

March 12, 2010

Here it comes folks.  I’ve been warning about this since October and believe me, I want to be wrong.
In April 2010, 50% of the adjustable jumbo-loans (mortgages over $417K) are set to adjust.
For the first two years of this foreclosure crisis, the lower and middle class residents of the Lehigh Valley bore the burden, but [...]

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Letter to Senator Specter and Representative Dent

March 11, 2010

This is the text of the email I am sending to Senator Arlen Specter and Representative Charlie Dent.  Charlie Dent is the representative from my district, the 15th, while Specter is Senator for the entire Commonwealth of Pennsylvania.  Both were Republicans when they voted for BACPA, Specter changed parties last year.  Both face tough re-election [...]

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Supreme Court Says Lawyer’s Cannot Advise Clients to take on More Debt Prior to Filing, Or Does It?

March 11, 2010

The Supreme Court’s job is calling balls and strikes, and while I am not happy with their decision, they called the Milavetz case correctly.
The two things for the consumer to know is that BACPA (the act passed in 2005 that made bankruptcy more difficult and expensive) considers bankruptcy lawyers debt relief agencies and that bankruptcy [...]

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Driving a New Car Into Bankruptcy

March 8, 2010

Half of finance is common sense, and unfortunately as my father once told me, some of the worst accidents happen on the showroom floor.
My dad was a car guy.  He loved driving around in a long Cadillac or a Corvette.  He didn’t pass the desire for flashy cars to his son though, my Kia is [...]

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Can I File Bankruptcy After My First Case Was Dismissed?

March 4, 2010

A common question lately is “Can I file a new Chapter 13 bankruptcy case if my earlier Chapter 13 bankruptcy was dismissed.
The answer is probably.
There are only a few reasons why you could not file your case again and most of them revolve around abuse of the system.  If your case has been dismissed with [...]

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Give Your Creditors An Offer They Can’t Refuse

February 14, 2010

Some bitter people have said that Al Capone was the only person who knew how to celebrate Valentine’s Day appropriately.  For those who do not remember, Al Capone is believed to have led the St. Valentine’s Day Massacre where seven members of a rival gang were killed.
Al Capone gave his creditors an offer they couldn’t [...]

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Beware False Notifications of Chapter 13 Dismissals

February 9, 2010

Adrian Lapas posted about a debt settlement company is out there contacting people currently in Chapter 13 bankruptcy and claiming their case was dismissed.
Click Here To See Original Article
This is a slimy tactic tried by debt settlement companies to steal from you.  That’s right, other lawyers and professionals will call debt settlement a poor product, [...]

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Local Bankruptcy Attorney Saves Clients $10,000 on a Regular Basis!

February 8, 2010

Bankruptcy has a lot in common with the game of golf.  In bankruptcy and in golf, some of the most simple things can be frustrating.  In bankruptcy and in golf, there are a limited amount of clubs (tools) that the bankruptcy lawyer can use to advocate for his or her client.
One of my favorite clubs [...]

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What is a Proof of Claim in Bankruptcy?

February 8, 2010

A proof of claim in bankruptcy is a way for a creditor to get paid in a Chapter 13 bankruptcy case.
Imagine a classroom full of desks.  At each of those desks there is a child, which represents one of your creditors.  A proof of claim is simply when one of these children raises their hand [...]

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