My newest colleague in the Bankruptcy Law Network, Adrian Lapas, discussed the critical importance of developing a budget in connection with a Chapter 13 plan. Spend the plan payment on something else and your case may be dismissed. Budgeting for your post filing life is made more complex by a number of factors: Many people…
And you will find a certain quantity of absolute tripe. It’s because of sites like http://www.debtwarriors.com that I wince when a client sits down in my office and tells me he’s been researching bankruptcy on the web. It would take a roll of shelf paper to rebut the multitude of absolute falsehoods that our Debt…
I sat through a relief from stay calendar in San Jose this week: 63 houses, in that courtroom, headed for foreclosure. Down the hall, a like number of houses went down in flames. This scene is repeated each week in bankruptcy courts around the Bay Area. When is judicial mortgage modification going to get some…
Debt settlement companies can seldom deliver what they promise, to the increasing concern of consumer protection agencies. Yet their pitch that “settling your debts” is superior to bankruptcy. It ain’t so. All too often the client of the debt settlement company is exposed to continuing collection calls, lawsuits, plumeting credit scores, and garnishments while the…
