Bankruptcy

Just Another Trap in the Bankruptcy Jungle

By Joseph McDaniel, Esq.

The banks, seeing the collapse of the U.S. economy coming, were interested in trying to avoid the consequences of their own actions in shoving credit cards and mortgages at anybody with a pulse, and they lobbied Congress heavily (translation: spent money like water on campaign contributions) for ten long years before they got what they had paid for: the 2005 Bankruptcy Amendments.

Here are two more of the miserable surprises they plugged into the Code: you must take a counseling course PRIOR to filing (but it can't be too much in advance or it doesn't count!), and you must take such a course AFTER you file.

Just take the second course the day after we file for you and get the certificate to Heidi so there aren't any problems.

NOTHING HERE CONSTITUTES LEGAL ADVICE RE A CHAPTER 7, CHAPTER 13, CHAPTER 11, OR CHAPTER 12. FIND AN ARIZONA BANKRUPTCY LAWYER WHO IS BOARD CERTIFIED IN BANKRUPTCY LAW, AV RATED, AVVO 10 RATED, ON SUPERLAWYERS, OR JUST VERY EXPERIENCED AND A FORMER CHAIR OF SOME BANKRUPTCY SECTION OR COMMITTEE. NOTHING HERE MAY BE USED AS LEGAL ADVICE IN CONNECTION WITH ANY BANKRUPTCY, WHETHER THAT BANKRUPTCY IS IN PHOENIX, GLENDALE, TEMPE, MESA, SCOTTSDALE, OR ANYWHERE ELSE.

Full post as published by Arizona Bankruptcy Attorney Blog on July 22, 2009 (boomark / email).