Monthly Archives: July 2009

Bankruptcy Is Our Country’s Safety Net

Jul30

BANKRUPTCY IS COUNTRY’S SAFETY NET
Wall Street Journal, July 24 2009
There’s a surge in personal bankruptcy filings at the moment, for obvious reasons. Some 30,000 Americans are filing each week, and the figures could top 1.4 million for the year.
But too many people are talking about bankruptcy as if it’s a sign this country’s social safety […]

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Filed under Exemptions

Early-stage delinquencies are a leading indicator of future bankruptcy filings, and the June data suggest bankruptcies will continue rising in coming months. Bankruptcy filings were up 31 percent in June compared with a year earlier

Jul30

U.S. mortgage delinquencies accelerate: Equifax
Mon Jul 27, 2009 2:08pm EDT
By Nick Zieminski
NEW YORK (Reuters) - Rising unemployment continues to make more Americans late on their mortgage payments, a sign that the rate of U.S. personal bankruptcies will keep going up, according to monthly data from the Equifax credit bureau obtained by Reuters.
Among U.S. homeowners with […]

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Filed under The Economy

What Does Debt Relief Agency Mean?

Jul14

Since the bankruptcy reform laws were passed in 2005 you will see a lot of lawyers stating that they are a “debt relief agency”.  Why is that so, and what does that mean?
Under 11 U.S.C. § 101 a debt relief agency is defined simply as “any person who provides any bankruptcy assistance to an assisted […]

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Filed under About J. Brian Allen, Bankruptcy Code, Important Terms

5 MYTHS ABOUT BANKRUPTCY

Jul14

From StayViolation.com

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Filed under Bankruptcy Basics