Just a quick post to let readers know that I will be teaching the “Small Business Bankruptcy“ portion of the March 3 “Consumer and Small Business Bankruptcy 2010“ seminar at the Practicing Law Institute (PLI) in New York City. Here are the topics I’ll be covering: Small Business Bankruptcy Eligibility for filing as a small …
Bankruptcy Man (f/k/a BAPCPA Man) remembers his training for fighting the mortgage industry (a/k/a Mortgantua). The cartoon also features a cameo by North Carolina-based foreclosure fighting guru, O. Max Gardner. Note: This cartoon is posted on the NYBankruptcyNet site with the express permission of the creators of Bankruptcy Man. If you’re concerned about foreclosure in …
Bankruptcy Man learns how to fight the mortgage industry (aka Mortgantua) Read More »
There’s a new study out titled “Risky Business: Financial Firms Face Wave of Fraudulent Transfer Claims“ by Navigant Consulting and The Economist Intelligence Unit. The gist of it is that debtors, trustees and creditors committees are increasingly pursuing “fraudulent transfer” (aka “fraudulent conveyance“) claims (i.e., attempts to recover improper payments) in the wake of the …
If you weren’t already cynical about the credit card industry’s practices in the face of the Credit CARD Act of 2009 which went into effect yesterday (Feb 22, 2010), take a look at this very funny and “educational” video by Mark Fiore: [youtube=http://www.youtube.com/watch?v=NCJHi-b0rhw&feature=player_embedded] Click here to read more posts on NYBankruptcyNet about credit cards For …
Credit card practices “explained”….in a funny and satirical way Read More »
The Credit CARD Act of 2009 goes into effect TODAY, February 22, 2010. What does it mean for New Yorkers like you and me? Will it really help us? Is there anything we have to watch out for? The answers: More protections. Yes, to some extent. And yes, there are things to watch out for. …
The new credit card law: What New Yorkers need to know to protect themselves Read More »
If you listen to the collections industry, credit card companies have started employing a lighter touch when it comes to debt collection. An article on CollectionsAndCreditRisk.com says that this strategy is an attempt by the credit card industry to mitigate its losses. However, based on everything I hear from my clients, such genteel behavior by …
Credit Card Debt Collectors: Honey? Or more vinegar? Read More »
Happy President’s Bankruptcy Day everyone! Did you know that both Thomas Jefferson and Abraham Lincoln dealt with bankruptcy? Not the national debt, but their own personal bankruptcy. Is this something we as Americans should be ashamed of? On the contrary, I think it shows off the strength and resilience of our country and our democratic …
Presidents and bankruptcy: Jefferson and Lincoln Read More »
Grim economic news continues to pour forth. CBS News’ website has an articled titled “The Coming Foreclosure and Commercial Real Estate Storms.” You thought we were already in the middle of the foreclosure crisis? Well apparently there’s more to come. From the banks’ point of view, the longer they keep you on the hook, the …
Bankruptcy Bill has a unique post out today that lists the bankruptcy lawyer for each of the many celebrities who have filed for bankruptcy. And apparently I’m on the top of the list in its current form. While I appreciate the additional visibility for my own practice, I think “celebrity bankruptcies” underscore the fact that …
I’ve previously warned against working with debt settlement companies on the basis that many of them are scams and just take advantage of people. However, here’s one more reason to be wary of debt settlement companies: 1099-C…. the tax document you receive signifying income when a debt is forgiven. If you negotiate a settlement so …
1099-C and Forgiveness of Debt: Another reason to be wary of debt settlement companies Read More »
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