Category Archives: Automatic Stay

HOW SENATE BILL 61 WOULD SAVE HOMES FROM FORECLOSURE AT NO COST TO TAXPAYERS

HOW SENATE BILL 61 WOULD SAVE HOMES FROM FORECLOSURE AT NO COST TO TAXPAYERS

How big is the home foreclosure problem now?
Our country is facing a foreclosure crisis that is unprecedented. Home mortgage
payments have risen dramatically in the last few years, making it impossible for more and
more homeowners to afford to keep their homes. More than 6,600 family […]

PLEASE CALL & EMAIL YOUR SENATORS NOW TO SUPPORT S. 61 SAVE OUR HOMES FROM THE BANKS

Stop whatever you are doing, gather staff, family, and friends, and take the one minute needed to have everyone you know do the following:
Phone AND email your Senator.  Say:
“Hi, I’m [Name] and I live in [town]
I’m calling to urge Senator  ___ to vote for S. 61.
Senator  ____ should stand up to the big banks and support […]

What Does The Filing Of A Bankruptcy Petition Do?

In my years of representing debtors in bankruptcy, the greatest relief a debtor receives immediately when filing a Chapter 13 Bankruptcy Petition is creditors must stop ALL attempts to collect debts from the debtors and their property.  ANY attempt to collect a debt owed before filing the Bankruptcy Petition isautomatically stayed under the Bankruptcy Code. Notice must be given immediately […]

Michael Vick Files For Bankruptcy

You remember Michael Vick? He is the former NFL quarterback who is serving a 23-month prison term for plotting to run an interstate dogfighting ring. On top of that, on July 8, 2008 he filed for Chapter 11 reorganization. According to Bloomberg News, Vick cited debts of $10 million to $50 million […]

Dirty Tricks Of Debt Collectors

It is important to remember that the job of the debt collector is force you, to entice you or to trick you into paying a debt you owe, or even a debt you no longer legally owe, through nontraditional means.  Debt collectors really do not care if they entice you, frighten you, lie to you, […]