One of the biggest concerns facing our economy during the pandemic is homeowners’ ability to manage their mortgage payments with reduced, or no income. In the previous recession over a decade ago, many American consumers struggled with the...
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The present coronavirus pandemic is unlike anything that most of us have seen in our lifetimes. Setting aside the medical issues and health risks associated with this fast spreading disease, there will be economic and financial consequences for...
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Student loan debt has become a familiar topic of conversation in the upcoming presidential election. However, this has also been a frequent topic in previous elections, with many promises being made, but eventually left undelivered...
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The common misconception of the debtor in bankruptcy is an individual who was reckless in borrowing, and irresponsible in paying back their debts. While mismanagement and over-extension are present as causes in some bankruptcy cases, even the...
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As hiring has evolved, potential employers are reviewing much more information in deciding whether or not to hire prospective employees. Potential employers are no longer content to review a resume, and contact references. They will also review...
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On August 23, 2019, president Trump signed the “Honoring American Veterans in Extreme Need” act of 2019. The passage of this act fixed a loophole in the 2005 Bankruptcy Code which shielded Social Security income and other income received under...
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The fundamental causes of financial distress are virtually immune to a person’s place and life. Divorce, health issues, and unemployment can affect anybody at any time. No wage or income class is exempt from these problems, regardless of how well...
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Our firm has been meeting with more and more elderly or retired individuals who are experiencing financial difficulty due to the actions of family, friends, or hired caregivers. Many individuals who are retired, disabled, or on a source of fixed...
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While the economy appears to be in good shape, our firm has noticed some disturbing financial trends that are similar in nature to those trends that led to the last recession. While mortgage lending is much more conservative than it was in the...
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As 2018 draws to a close, and 2019 begins in the midst of economic and political turmoil, now is a good time to address our financial environment, and disclose recent developments/trends which are now manifesting themselves in Bankruptcy Court...
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In the September 2018 edition of the American Bankruptcy Institute Journal, Ed Flynn writes an interesting article regarding “The Changing Profile of Chapter 7 Filers”.[i] By reviewing filing data on more than 650,000 Chapter 7 cases that were...
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Wells Fargo admits that a “computer glitch” caused the improper foreclosure of hundreds of home loans between April 2010 and October 2015. But keep in mind that there were probably thousands of improper foreclosures that were averted...
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