Author Archives: Admin
BACKSTREET DEALS… ALRIGHT!
A bankruptcy case was filed in Florida by a number of related companies that essentially functioned as the management company for the Backstreet Boys musical group. Claims were filed by the Backstreet Boys totaling nearly three and half million dollars they alleged was owed to them by the former manager. Following a protracted […]
Is this debt collector the “Real Deal”?
There has been a recent uprising of scam collection calls targeting both debtors that have filed for bankruptcy and those that have not. Sometimes, the collection calls are merely targeting people who are not delinquent on payments, but have taken out an online loan. These collection efforts are called “Scams” or “Phantom Debt Collectors”, but […]
PARTNERING WITH DAVE RAMSEY
Last spring, Dave Ramsey invited my wife and I down to Franklin, Tennessee where we participated in a series of meetings that Dave and his team were having for law firms that were interested in “teaming up” with his organization. We had a number of business sessions and then had a fine evening, personally […]
Erotica Author Files Bankruptcy
YOU KNOW HER AS “ZANE” HER PARENTS KNOW HER AS KRISTINA LAFERNE ROBERTS THE TAX MAN KNOWS HER AS “CHEATER” AND NOW THE BANKRUPTCY COURT KNOWS HER AS DEBTOR DeNeen L. Brown, staff writer with the Washington Post reports that the popular erotica author and film producer has filed for Chapter 7 bankruptcy in Maryland. […]
VIRTUAL REPO
There’s good news (a little) and bad news (a bunch). The good news is that even if you have sub-prime credit (in the world of auto loans, this is apparently a score less than 640), you can now get a new car loan. The bad news is more extensive. Michael Corkery and Jessica Silver-Greenberg of […]
BANK ACCOUNT: ZERO AMOUNT!
(Creditors Can Legally Wipe You Out) If you’re sued by a bill collector your bank account could be an endangered species. If someone to whom you owe money sues you and gets a judgment, this gives them a legal right to enforce that judgment through means such as wage garnishment, asset seizure and sale and […]
A Lesson from the Life and Death of Joan Rivers
As we all know, Joan Rivers tragically died after a scheduled, routine surgery. However, her untimely death serves a lesson to us all: all surgeries have risks, we never know if or when this will happen, and we should be prepared in case it does. Joan had in place an important legal document, namely: […]
Chapter 7 Debtors- WELLS FARGO FREEZING BANK ACCOUNTS!
Here is the scenario: On the date of filing bankruptcy, the Debtor has checking and savings accounts with Wells Fargo Bank, N.A. The Debtor claimed the Accounts as exempt in his Schedule C filed with the petition. Immediately upon learning of the Debtor’s bankruptcy filing, Wells Fargo Bank placed an administrative freeze (hold) on the […]
Yo-Yo Car Lending and the Economic Collision
One of the catalysts for the recent great recession was mercenary tactics by some in the mortgage industry, according to a recent article in the New York Times. People were lured into ruinously priced loans which were in turn sold to Wall Street as mortgage backed securities that not surprisingly, went bad. There are new […]
Complex Factors Drive Bankruptcies
The writer is an attorney and history professor emeritus at UNO. He has practiced bankruptcy law in Nebraska and Iowa for over three decades. Some 34 million Americans have filed for bankruptcy since 1980. About 30 percent were married, thus about 45 million people filed for relief. They are our friends, family, neighbors, work associates […]
