Liz Weston, L.A. Times financial writer, walked a room full of bankruptcy attorneys at the Sacramento Valley Bankruptcy Forum through the impact of various credit events on your credit score last weekend. She recounted how, after meeting some debtors as she worked on stories, she no longer saw debtors as deadbeats. She saw the challenges…
I usually assure clients that institutional creditors are generally very observant of the automatic stay. Once they have notice, they cease collection. But this month, in two of my pending Chapter 13 cases, Chase Home Loans has run off and set or actually conducted post bankruptcy foreclosure sales. To make matters worse, given notice of…
Susanne Robicsek’s post on the futility of keeping a home through bankruptcy brought to mind Professor Brent White’s paper on the use by government and financial counselors of fear and shame to keep people paying on mortgages on underwater homes. White cites a litany of messages from apparently credible sources who chant that a foreclosure…
The availability of parking at the BART (light rail) station has been my measure of the depth of the recession. Lots of parking means that not very many folk are working and riding public transit to work. On my way to Oakland bankruptcy court today, I had to park in the auxiliary parking lots. Ah,…
Jonathan Ginsberg’s piece about the murky language of notices from the bankruptcy court struck a cord. In an attempt to provide notice, they sow confusion. ? But my pet peeve is the client who calls up and says, literally, “I got this letter from {insert name of court or creditor, or trustee}.? What does it…
