Category Archives: Of Interest

Barack Obama Proposes Bankruptcy Reforms

According to the Associated Press and Fox News, Democratic presidential candidate Barack Obama has proposed changing bankruptcy laws to fast-track the process for military families, help seniors keep their homes, and protect people recovering from natural disasters. In doing so, Obama also accused Republican rival John McCain of repeatedly siding with the banking industry, […]

Avoid Foreclosure Scams

The United States Trustee’s office warns you about bankruptcy foreclosure scams.  These are serious matters that can get you in more trouble than the financial trouble of which you were trying to escape in the first place.
If your home is posted for foreclosure in Texas you have very little time to act.  The longer you […]

Is America Going Bankrupt?

At least the British newspaper The Telegraph thinks it has uncovered evidence to this effect. In a report the paper states America is going bankrupt:
The United States is heading for bankruptcy, according to an extraordinary paper published by one of the key members of the country’s central bank.
A ballooning budget deficit and a pensions […]

12 Misconceptions About Bankruptcy

MSN Money lists the 12 Myths About Bankruptcy. They are:
1. Everyone will know I’ve filed for bankruptcy. Unless you’re a prominent person or a major corporation and the filing is picked up by the media, the chances are very good that the only people who will know about a filing are your creditors. […]

Where Are Bankruptcy Cases Filed?

There are 94 federal judicial districts in this America, and in almost all districts, bankruptcy cases are filed in the bankruptcy court. Almost all districts of separately appointed federal judges that just handle bankruptcy filing and related matters. Bankruptcy cases cannot be filed in state court. Why are there separate […]