Tag Archives: 3-observations
Shifting blame for foreclosures
In today’s WSJ, they quote the Becker-Posner blog: Hardly a day goes by during this housing crisis that the media does not report on families in foreclosure proceedings, or in arrears in repayment on mortgages that had close to zero down payment requirements and low “teaser “ interest rates. The many excuses offered by some [...]
Where Did my Quarter Million Dollars Go?
I see a lot of people in my office asking about filing bankruptcy. More often than not these days, it’s a realtor or mortgage broker or loan officer who has lost income. Oh, and they have two investment houses and those investments aren’t panning out. As I said, this happens a lot [...] Read the [...]
Why be a Bankruptcy Lawyer?
Every now and then, someone asks me, “why would you want to be a Los Angeles bankruptcy lawyer?” I mean, all of my clients don’t have a lot of money, they have real problems and need help. Actually, that’s the reason: people need help. It’s nice to make a difference in people’s lives. Also, [...] [...]
How I spent my Friday
People think that being a bankruptcy lawyer is easy, just about filling in forms. Here is how I spent part of my day on Friday: Preparing an Objection to Proof of Claim for a Chapter 13 case where the pro se creditor thinks they should be a priority debt compared to a general unsecured non-priority [...]
Bankruptcy Bill Blocked by Banks
The banks don’t want judges to re-write mortgages, saying it would raise mortgages for everyone. Read more here: Bankruptcy Bill Blocked by Banks
