Monthly Archives: February 2012

The Golden Rule of Student Loans

I would say 1/2 of my bankruptcy clients who file for bankruptcy protection have a student loan in default. When I went to law school,I took out $100,000 in financial aid and in April of 2011, paid it all back. Yes, more than 20 years...
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The 3 Year Plan or the 5 Year Plan?

When I was in college, the “3 year or 5 year plan” usually referred to if you were graduating early – meaning you were studying hard — or graduating late – which means you were partying hard. But in annals of bankruptcy law, it’s usually...
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Veterans Get A Bankruptcy Break

It’s still amazing that the best military in the world treats its Veterans so poorly. At least Congress did something right in the bankruptcy code – and on this Veteran’s Day, I thought it is worth mentioning what lawmakers did and why the did it....
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Foreclosures Rising!

MSNBC is reporting that the pace of new home foreclosures edged up again in the third quarter even as the number of borrowers falling behind on their payment eased a bit. In fact in the Dallas Texas region, Chapter 13 bankruptcy filings are up and...
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Arizona Law Firm Not Playing Fair

They are at it again and I am sick of it. A law firm in Arizona is trying to take advantage of my bankruptcy clients – using non-lawyers as proxies to foment what they know is a legal fallacy. Who are these people? An Arizona...
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Amex Bewitches Bankruptcy Filers

I cannot figure out what dirty secret American Express has on consumers filing personal bankruptcy. Every single client who wants to file for bankruptcy and has an American Express card always wants to “keep it.” They tell me – “I want to get rid of...
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Twinkie Goes Bust

As amusing as it is to make jokes about it – The fact that a company that makes cakes that can last 400 years without acquiring any mold or decay – has no more “dough” – is surprising as it is a reflection of the...
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Shame on the ‘Border’

Last year, Borders Bookstore filed for bankruptcy and closed up its stores. What it also left were many customers holding gift cards worth money — but didn’t bother telling them how to collect their cash! Here is the article....
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Da Student Loan Bomb

Interesting discussion on school loans and personal bankruptcy in the Huffington Post. Personally, it took me more than 20 years to pay off my law school loans (6 of them) of nearly $125,000- and that was with a 2 income household. Unless you can prove...
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