Most of us know about the economic bubbles, big and small, that hit the economy every few years during the last two decades. All the “economic experts”, politicians and their media clients inundate us with the rationales for why there was a tech bubble blowup, or housing bubble explosion, commodities bubble burst or oil bubbles…
One of the primary causes of financial strain, insolvency and eventual bankruptcy is the burden of medical debt on families and individuals. There is researched evidence showing this by such notables as Professor Elizabeth Warren (now senator) while she taught law and researched at Harvard. Statistics have the number of filers due to medical indebtedness…
There are a lot of ads and even expensive TV commercials about negotiating your debt. There may be some good companies available who can actually do something for you rather than just fill their coffers with your much needed money (which as a bankruptcy attorney I saw was the usual result my clients’ had experienced,…
When one reaffirms a debt in bankruptcy it in effect takes the debt out of the protection of the bankruptcy laws. The contract is treated as if the bankruptcy did not exist. There are sometimes good reasons to do this and most times not. Your bankruptcy lawyer can help you steer through the murk. Although…