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Bankruptcy in the News

The New Bankruptcy Law (2005)

Posted in Bankruptcy in the News

There is a new bankruptcy law. The Bankruptcy Abuse and Consumer Protection Act goes into effect on October 17, 2005. Listed below are updated answers to common questions regarding bankruptcy:

Success in the United States Supreme Court

Posted in Bankruptcy in the News

We are very pleased to report that the United States Supreme Court has upheld our victory in the United States Court of Appeals for the Third Circuit in the case Rodriguez v. Countrywide Mortgage Co. (Supreme Court Docket 10-1285).

Recent Changes to HAMP

Posted in Bankruptcy in the News

President Obama announced this week executive changes to HAMP, the Home Affordable Refinance Program, designed to encourage mortgage modifications and prevent the continuing rise of foreclosures in the United States.

Your Tax Debts May Be Dischargeable in Bankruptcy

Posted in Bankruptcy in the News

Your Tax Debts May Be Dischargeable in Bankruptcy

The saying is that the only thing that is inevitable is "death and taxes.". Bankruptcy cannot alter anyone's life expectancy but it may be able eliminate a substantial amount of tax obligations. Contrary to what most people realize, income taxes are often capable of being eliminated in Chapter 7 and Chapter 13 Bankruptcy filings.

13 Plan Payments

Posted in Bankruptcy in the News

The Office of the Chapter 13 Trustee for the Trenton Vicinage (covering Warren,
Hunterdon, Somerset, Middlesex, Mercer, Monmouth, Ocean and most of Burlington
Counties) has announced that starting this summer they will institute a program for
electronic transfer of regular monthly Chapter 13 Trustee Plan payments. This will be a
considerable convenience for Chapter 13 Debtors.

Scam Targets Bankruptcy Filers

Posted in Bankruptcy in the News, General Bankruptcy

Scam Targets Bankruptcy Filers

Phone scammers are targeting bankruptcy filers in several states, using personal information from filings and posing as attorneys to get intended victims to immediately wire money to satisfy a debt.

The National Association of Consumer Bankruptcy Attorneys issued a warning that “Under no circumstances would a bankruptcy attorney or staff member telephone a client and ask for a wire transfer immediately to satisfy a debt. Nor would the bankruptcy attorney and staff ever threaten arrest if a debt isn’t paid.”

Bankruptcy filers in Vermont and Virginia reportedly have received calls. Vermont’s Attorney General says scammers use software to “spoof” the Caller ID system so the call appears to be originating from the phone line of the consumer’s bankruptcy attorney. Typically the calls come late in the evening or during non-business hours to make it difficult for intended victims to verify the call by contacting their attorney.

Bankruptcy is Still Evolving 10 Years After BAPCPA

Posted in Bankruptcy in the News, General Bankruptcy

Bankruptcy is Still Evolving  10 Years After BAPCPA

October 17, 2015 marked the ten year anniversary of the implementation of the 2005 "reform" legislation (entitled the Bankruptcy Abuse Prevention and Consumer Protection act and commonly known as BAPCPA.). While some of the doom and gloom predictions that the Bankruptcy practice would be eradicated in this country were obviously overstated and have proven utterly groundless, it would equally be inappropriate to deny the reality that the practice has substantially changed in these years- and has become much more difficult, aggravating and expensive for bankruptcy debtors.

Student Debt Blows Chill Wind At Housing Recovery

Posted in Bankruptcy in the News, General Bankruptcy

Student Debt Blows Chill Wind At Housing Recovery

It’s the time of year where society’s noteworthy and notables appear on college campuses to congratulate and inspire the newest members of the college-educated workforce.

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