Can a State Declare Bankruptcy?
I ran across an interesting article today over at Slate.com, the title of which asks whether California could declare bankruptcy. On a daily basis I try to explain to people that a bankruptcy discharge is really just a permanent injunction issued by a federal court preventing a creditor from suing you on an unpaid debt. […]
Jose Padilla v. John Yoo
On Friday, January 22, 2010, Hirad Dadgostar, Dave Sidhu, and myself filed an amicus brief with the U.S. Court of Appeals for the Ninth Circuit in the case of Padilla v. Yoo. Our brief was filed on behalf of legal ethics scholars in support of the District Court’s opinion, which allowed Padilla’s claims to move […]
Criminal Justice: The Flaws and Fallacies of the American Justice System
This is a little off topic in light of my recent posts about Bankruptcy, but still is a compelling read. Steve Salerno examines the American Justice system for eSkeptic.
Obama administration reports only 31,382 mortgages have been permanently modified under its program.
Obama administration reports only 31,382 mortgages have been permanently modified under its program The title of the article says it all.
Five Charged in Beating Loan Modification Agents
What’s worse than losing your home to foreclosure — getting scammed out of several thousand dollars by supposed “Loan Modification Specialists” and then still losing your home. In my office, we sue loan modification agents who commit fraud (many of them have no expertise and make promises they cannot keep). The law provides a remedy […]
Medical Bankruptcy Fairness Act of 2009
I have a received a few questions recently related to a bill in Congress that would make it easier for some individuals to file for bankruptcy. The bill, S. 1624: Medical Bankruptcy Fairness Act of 2009, would make it easier for those individuals experiencing financial distress due to medical issues to file for bankruptcy protection. […]
62% of Bankruptcies Are Medically Induced
Everyone, insured, uninsured, or under-insured should read the front page story from yesterday’s Arizona Republic entitled “Buried in Bills.” An online version of the article is available here. The article addresses points that I have blogged about before; namely that 1/3 of Americans have medical debt, and that in 2007, about 62% of all bankruptcies […]
An interesting comment popped up to one of my previous posts. It reads: Loan Modification advisors help you navigate through this complicated industry and its converse regulations. Watch out for unethical companies advertising to provide Loss Mitigation, Loan Modification and stop foreclosure services. Home owners should only use companies that offer 100% Guarantees or use […]
The Healthcare Debate and Bankruptcy
Most people can recognize that we have a health care crisis in this country. As an attorney with my own practice, I have to go out into the private market to purchase my health insurance. And one might think that a successful attorney would have no problem buying adequate insurance. That is simply not the […]
Lenders Avoid Redoing Loans, Boston Fed Concludes
The Federal Reserve Bank of Boston released a study July 6, 2009, which suggests that the Obama administration’s $75 billion dollar plan aimed at incenting lenders to rewrite delinquent loans is not likely to work. An excellent discussion of the Boston Fed report appears in today’s Boston Globe (link to article). According to one author […]