Take Stock of your Stocks

The other day I had to postpone someone’s bankruptcy filling because of issues involving their investments. When my paralegal had plugged in the information about the stocks, she forgot to multipy the share price by the number of shares to … Continue reading

Cramming Down is Hard to Do

One of the most popular uses of Chapters 13 and 11 of the Bankruptcy Code is to reduce the claims of secured creditors so that the debtor can hold on to collateral that has become unaffordable. Generally, 11 U.S.C. §506 … Continue reading

Before you talk to a bankruptcy lawyer – think about what you are trying to do

Bankruptcy is a powerful tool, but it is inherently limited by Congress’s language and the interpretation of the Courts who read the statute. When you’re suffering from too much debt, you just want answers and you go to a lawyer … Continue reading