Blogs

In a recent post, I wrote about two of the main benefits a bankruptcy case can provide. One of those benefits was the “automatic stay” that provides protection from your creditors. Let’s take a closer look at the “automatic stay” and how it helps you.

A client I met with today was behind 2 months on his car payments and very concerned about the finance company repossessing his car that is his only source of transportation. He also owed a few medical bills, child support, and credit cards.

Quite often I reassure clients that come to our office to meet with an attorney regarding financial issues:

"I have NEVER had anyone sit down in my office and say, 'Wow! I am so glad to finally be here because about five years ago I woke up one morning and thought-wouldn't it be great to be filing for bankruptcy in a few years!'"

I remember only seeing one A&P store in the South. This was 30 or 40 years ago when the Great Atlantic & Pacific Tea Company, more widely known as A&P, who helped pioneer the modern day supermarket, was dominating the industry. Most of their locations now remain in New York.

There but for the grace of God go I. We have all heard these words.  It is believed that they come from a sixteenth-century statement by John Bradford who stated "There but for the grace of God, goes John Bradford".

As has been discussed in this blog before, along with a Chapter 13 bankruptcy petition a debtor will file a Chapter 13 plan.  This plan sets out how much a debtor will pay to the Trustee and how certain debts will be paid, among other things.

It is nearly impossible to keep a job without some form of transportation. Since many Americans cannot afford to purchase a car outright, they must resort to financing. If they have a bad or non-existing credit history, a co-signer is sometimes needed. This is often a parent, other family member, or even a friend. In a perfect world, the primary borrower would timely make all of the payments.

Recently, a man called my home phone number proclaiming to be a deputy with the Montgomery County Sheriff’s office telling me that I had missed jury duty.  Of course, I knew that I had not received any such notice and asked what address any notice was mailed to informing me of the date I was to report to the courthouse.  He only stated the first four digits of my address and stopped.

In March of this year, the Consumer Financial Protection Bureau (CFPB) recommended a set of sweeping new rules and regulations for the Payday and Car Title industry.  The Consumer Financial Protection Bureau (CFPB) is an independent agency of the United States government responsible for consumer protection in the financial sector.