Northern Virginia Bankruptcy Attorney | Robert Weed
Bill, not his real name, is filing bankruptcy with me in October. (He needs a couple more months to finish everything to get his bankruptcy approved.) In the meantime, he received a warrant in debt. Midland Credit Management, a big debt buyer, was suing him on a old Chase card. He didn’t want to get a judgment [...]
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Donald Trump’s casinos, Trump Entertainment Resorts, emerged from Chapter 11 bankruptcy on Friday, July 16. This followed two previous bankruptcies by the Trump casinos. First in 1991 and again in 2004 – 2005. (Trump’s other big business failure was Trump Airlines , which never made a profit.) This newest bankruptcy eliminated .3 billion in debt. The Reuters news [...]
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After talking with a lady yesterday, we’ll call her Jerri, I went to the website of Greenshield Financial Services. Here’s what they say they do: “Greenshield Financial Services is a Financial Health Management Company serving individuals seeking debt relief or debt help by offering debt settlement programs as an alternative to bankruptcy.” Jeri had a [...]
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People who need to file bankruptcy are often abused by debt collectors. CNN Money reported Saturday that complaints against debt collectors to the Federal Trade Commission are up 50% from 2007 to 2009–and up another 15% this year. “Harassing phone calls, abusive language and physical violence are becoming a bigger part of business as debt collectors struggle to [...]
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Suppose, when you are filing bankruptcy in Virginia, you have too much cash. You can turn it over to the bankruptcy court to divide among the people you owe money to. Or you can find legal ways to spend it. (When you file bankruptcy in Virginia, you are only allowed to have ,000.00 in cash. That’s about the lowest in the country. It’s ,000 if [...]
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Bankruptcy should be a last resort. Most people want to look at all the alternatives before they file bankruptcy. That makes some people easy victims of “avoid bankruptcy” scams. I’ve talked to three people in the last ten days who sent ten thousand dollars or more to “debt negotiators.” They stopped when the sheriff brought court papers. At that point, [...]
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Yesterday the mortgage giant Fannie Mae, now owned the the federal taxpayers, announced a new policy on qualifying for a new mortage, after you lose your house in bankruptcy, foreclosure, or short sale. They say they want to discourage people who “just walk away” from their mortgages, particularly in states, like California, where the mortgage company cannot come [...]
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Got an email this morning from Bill and Brenda (not their real names) letting me know they had gotten approved for their mortgage loan modification. They first came to talk to me about filing bankruptcy in Virginia in November 2008. They really wanted to keep their house, but at that point their income was really [...]
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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.” Probably, he’d said it before, because the Boston Globe had Rogers saying he’d be proud to have that on his tombstone. ”I can hardly wait to die so it can be carved,” he [...]
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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 financially, but other problems might still hold you down. One of those problems can be depression. When life knocks you down, there can be changes in the chemistry of your brain. [...]
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