12 Sep 2010

Full Disclosure Required When You File Chapter 7 Bankruptcy

Some people say that famous people can get away with anything. This article shows that this is not true. One of the New Jersey housewives (ironically, one who I actually ran into while visiting the Borgata Hotel this summer in Atlantic City!), recently filed Chapter 7 Bankruptcy recently, and what follows is an article written […]

12 Sep 2010

Personal Bankruptcy Filings

Consumer debt is consistent with bankruptcy filings. Research by the Federal Reserve indicates that household debt is at a record high relative to disposable income. Some analysts are concerned that this unprecedented level of debt might pose a risk to the financial health of American households. A high level of indebtedness among households could lead […]

15 Aug 2010

Drowning in Debt – Bad………Bankruptcy – Good

Hey folks.  I’ve decided that my goal in life (well, at least in my professional life as it pertains to my bankruptcy law practice), is to make the word “bankruptcy” a “good” word, rather than a “bad” word.  “Bad” words can never be good.   Illness, discrimination, death, taxes………those are never good words, they are always […]

02 Jun 2010

Maryland Legislature Passes New Laws Regarding Forclosures

Maryland Enacts Foreclosure Mediation Law. On April 13, Maryland Governor Martin O’Malley signed a law (H.B. 472) giving homeowners the right to mediate foreclosure with a neutral third party and requiring lenders to conduct loss mitigation analyses before foreclosing home loans. The law applies to 1-4 family residential properties occupied as the borrower’s primary residence […]