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BANKRUPTCY AS ASSET PROTECTION
Bankruptcy is usually viewed or presented as debt reduction, debt elimination or financial reorganization and it is those things. However, bankruptcy is also an asset protection strategy and should be viewed and presented as such. Asset protection from a legal standpoint is usually thought of as estate planning, wills, trusts and family business […]
November 15, 2014 Posted in Bankruptcy Leave a comment
Protecting the Elderly From Debt Collectors
While the political buzz is that the new Republican majority U.S. Senate will try to emasculate the Consumer Financial Protection Bureau (“CFPB”) created as part of Dodd-Frank with major help from Sen. Elizabeth Warren (D. Mass), political writer Tim Devaney of the Hill reports that meanwhile the CFPB is focusing on harassing tactics by […]
November 8, 2014 Posted in Uncategorized Leave a comment
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 […]
October 31, 2014 Posted in Bankruptcy Leave a comment
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 […]
October 24, 2014 Posted in Bankruptcy Leave a comment
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 […]
October 17, 2014 Posted in Uncategorized Leave a comment
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. […]
October 10, 2014 Posted in Uncategorized Leave a comment
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 […]
October 3, 2014 Posted in Bankruptcy Leave a comment
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 […]
September 19, 2014 Posted in Bankruptcy Leave a comment
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: […]
September 9, 2014 Posted in Estate Planning Leave a comment
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 […]
August 29, 2014 Posted in Bankruptcy Leave a comment
