October 17, 2017

What to Look for in a Bankruptcy Attorney: Experience

Unfortunately, in this recession, bankruptcy and debtor/creditor relations is a growth industry, and as such there are some Johnny Come Latelys. The fact is, experience counts, and the cheapest bankruptcy attorneys in town are not the most experienced.   When it comes to handling your financial concerns, you want experience. When I meet with new clients, I sometimes find out that they've … [Read more...]

Challenge Your Foreclosure?

For struggling homeowners trying to avoid foreclosure, the processing errors admitted to by GMAC and Chase could mean an opportunity to challenge the banks. If you can stomach a bit of crude humor, Jon Stewart sums up the situation rather well. Mon - Thurs 11p / 10c Foreclosure Crisis On a more serious note After 40 years of helping families and businesses … [Read more...]

Bankruptcy Counseling instead of Head in the Sand

I won't weigh in on the remedies prescribed by economist David Rosenberg here, but I salute the intelligence of his agreement with my comparison of our economy to a python that just took on a big meal. If you or your business are struggling financially, consulting with our offices might reveal coping strategies for you until better times emerge.  Putting your head in the sand and hoping for … [Read more...]

Personal Loan Guarantees for Business

After forty years of helping small business owners with their financial difficulties, I wish more of them understood how the personal guarantee can send them into bankruptcy. It's difficult for self-employed people and small business owners to get capital, and the lack of capital is a big part of the reason business owners file for bankruptcy when their businesses stumble or fall -- a vicious … [Read more...]

Moving Through the Python, Bankruptcy Cycles

Yesterday's Charlotte Observer article (wherein I'm quoted) explains why we're only seeing the front end of the bankruptcy python for real estate developers, small businesses and individuals.  While the Western District of North Carolina has seen more bankruptcy filings in eight months of this year than in all of 2008, most experts expect filings to increase through 2010 and pass all previous … [Read more...]