In light of my recent post on celebrity bankruptcies from the past decade, I thought it’s worth noting another recent celebrity bankruptcy filing: actor Barry Corbin. If you don’t know his name, you almost certainly know his face from roles in Lonesome Dove, Dallas, the Police Academy series, Urban Cowboy, Northern Exposure and appearances in …
Another celebrity bankruptcy: Actor Barry Corbin Read More »
I don’t usually re-post directly from other blogs. But I just came across a “Top 10 Celebrity Bankruptcies of the Decade” list on the TotalBankruptcy blog, and, in addition to being a good piece of research as well as a good read, I noticed that I’ve represented one of celebrities who made the list. So …
My connection to the Top 10 Celebrity Bankruptcies of the Decade Read More »
One more bankruptcy haiku from Bankruptcy Bill, this one suggesting hope amidst the dark of winter in the spirit of the holiday season. From winter debts on Brown branches seeking fresh start A cherry blossom If you’re worried about debt and seeking your own fresh start, please contact me for a free initial consultation to …
What does Congress’ failure to pass the mortgage cramdown legislation have in common with the Honeymooners? They’re both in the latest bankruptcy haiku from Bankruptcy Bill. Reprinted with permission from the creators of Bankruptcy Bill: Why did Congress dis Honeymooners and not pass Mortgage Kramden Bill? (Click here for more bankruptcy haiku from Bankruptcy Bill.) …
Time to take a look at recent bankruptcy news in Brooklyn. Brooklyn Money Manager Indicted in 30-Year Ponzi Scheme (Wall Street Journal Online) – Bay Ridge, Brooklyn-based money manager Philip Barry–aka the “Brooklyn Madoff”–was charged with securities fraud and 20 counts of mail fraud earlier this week. Star of Real Estate Boom is Confronting Hard …
If you’ve been reading this blog, you may remember reading about Bankruptcy Bill’s Bankruptcy Song Contest (of which I’m one of the sponsors), which invited anyone to submit a song or songs that somehow relates to the topic of bankruptcy. Now the submissions are in, and you can see all the entries on the Bankruptcy …
Bankruptcy Bill’s Song Contest: Check out the songs! Read More »
It would have been in the spirit of Christmas to pass the Mortgage Cramdown amendment. But apparently Congress is a bigger fan of The Grinch. After the “Mortgage Cramdown” legislation was re-introduced by Barney Frank (D-MA), the House of Representatives rejected it by a vote of 188-241. Just in time for the holidays. Mortgage cramdown …
There is often talk about how to reduce bankruptcy filings. The credit industry’s oh-so-caring approach was to make it harder to file for bankruptcy by adding various speed bumps and obstacles to the 2005 Bankruptcy Law (aka BAPCPA). That was a very reactionary, not to mention sloppy, approach that was really intended to serve the …
“Healthcare” approach to banking may help reduce bankruptcy filings in the future Read More »
How much does a bankruptcy filing affect your FICO score? We now have a better sense of the answer, though in the big picture, it may not be the right question to ask. FICO recently decided to make public some–not all, just some–of the information behind their mysterious, black-box credit scoring system. The answer to …
How much will a bankruptcy filing affect my FICO score? Read More »
Note: This cartoon is posted on the NYBankruptcyNet site with the express permission of the creators of BAPCPA Man. Click here to see a larger version of BAPCPA Man #15: BAPCPA Man vs Mortgangua #3. If you’re worried about foreclosure and mortgage problems and are contemplating filing bankruptcy in New York along with other options, …
BAPCPA Man #15 – BAPCPA Man continues his battle with Mortgantua (Part 3) Read More »
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