If you own a home and you are considering filing a Chapter 7 bankruptcy, it is important to understand all of your options. Most Chapter 7 debtors keep their house as long as they remain current on their mortgage payments. However, if you are overwhelmed by your...
The Berkeley Post Office building dates back to 1914 and is beloved by many citizens, as evidenced by a "camp-out" objecting to the US Postal Service's decision to sell it. The US Postal Service has a real estate portfolio worth $85 billion and it is looking to...
Payday loans are short-term loans that typically carry very high interest rates. They are often referred to as "cash advances." If you take out a payday loan and you are unable to repay it in a timely manner, the high interest rate results in you accumulating debt...
If you are struggling to pay your mortgage, it is time to consider your debt relief options. With proper planning and legal counsel, you can take action to help avoid foreclosure. Options to consider are: Loan Modification. If you are struggling to pay your mortgage,...
Big law firms charging big legal fees in Chapter11 bankruptcy cases are getting some bad news this November, 2013. The United States Trustee Program (USTP) has established new guidelines for setting appropriate legal fees to be charged in larger Chapter11 cases. For...
Louis Osbourne, Ozzy Osbourne's oldest son, has filed for bankruptcy protection. It is believed that he got into financial trouble after investing in the Irish real property market. Osbourne, who recently started his own record label All Night Records, filed jointly...
On November 4, 2013, our very own Bruce Levitt will be a speaker at a seminar called "Bankruptcy Basics 2013." This program is designed for lawyers who do not normally handle bankruptcy cases, including those at large firms, government agencies or attorneys...
Many people mistakenly believe that only "poor people" have their home foreclosed on. However, the foreclosure process affects all types of individuals and across a broad spectrum of income levels. Below are a few examples of wealthy and successful people who have...
Many individuals do not understand how serious the crime of bankruptcy fraud is, but the Federal Bureau of Investigation (FBI) takes it very seriously. Abuse of the bankruptcy system undermines the rehabilitative purposes the system was created to promote. Without a...
Money troubles impact every area of your life. When you are struggling financially, it can be a main contributor to your divorce. In many cases, a divorce caused by money struggles leads to one of the spouse's filing for bankruptcy protection. If you believe that both...