Bankruptcy should be a last resort.    Most people want to look at all the alternatives before they file bankruptcy.  That makes some...

Yesterday the mortgage giant Fannie Mae, now owned the the federal taxpayers, announced a new policy on qualifying for a new mortage,...

Got an email this morning from Bill and Brenda (not their real names) letting me know they had gotten approved for their mortgage loan...

Eighty years ago today, June 16, 1930, Will Rogers‘ most famous quote first appeared in print.  “I never met a man I didn’t like.”...

As a bankruptcy lawyer,  I see a lot of people who have been knocked down by life.  Filing bankruptcy can get you back on your feet...

Before you file bankruptcy, once you have a lawyer, you should tell your creditors when they call, “call my bankruptcy lawyer.”  The law...

Debt collector and debt buyer Midland Credit Management pays an average of less than five cents for each dollar of debt they buy. That...

Many people keep hoping they can avoid filing bankruptcy in Virginia, until they get a garnishment.   If filing bankruptcy is a last...

A new study by the National Bureau of Economic Research suggests that the 2005 bankruptcy reform law added to the housing crisis 200,000...

Maureen O’Malley, a leading bankruptcy lawyer in Herndon, Va,  sent me this credit card disclosure.  It shows it will take $1.1 million...

For most people facing the prospect of filing for bankruptcy, it seems that nothing is more stressful than getting behind on your debts....

One of my bankruptcy clients from 2007  stopped me in the grocery store just now, as a I was out buying lunch. He just wanted to tell me...

Attorney Leigh Faugust and I just got back from the annual convention of the National Association of Consumer Bankruptcy Attorneys.  We...

Last month, Navy Federal emptied out the savings account where 14 year old Tammy (not her real name) saved the money she made baby...

Someone came to me today and we are filing her bankruptcy tomorrow–we hope to save her security clearance and her job. This lady...

Important new regulations issued by the Obama administration say two very important things for people struggling with their debts and...

I just found out that when you file bankruptcy, Wachovia will freeze your accounts.  That’s even if you don’t owe them any money. So if...

Warrant In Debt A warrant in debt is what they call it in Virginia when a creditor is suing you in General District Court.  Warrant makes...

After chapter 7 bankruptcy, I often advise my clients, just don’t pay the second mortgage. Now, if you don’t file bankruptcy and stop...

If you buy furniture, appliances or jewelry on store credit, they have a right to get it back after your bankruptcy is over.  (Unless you...