January 22, 2020
Elizabeth Warren’s Proposals The last major reform to the bankruptcy code was in 2005. With Elizabeth Warren now in the political limelight, she is calling for radical bankruptcy laws changes. Will the bankruptcy law change soon? A look into the history of the 2005 law change and Elizabeth Warren’s proposal may shed some light […]
January 16, 2020
The “Trojan Horse” 2005 Bankruptcy Reform Act is Creating Election Controversy The 2005 Bankruptcy Reform Act is creating some controversy in the upcoming election. A renewed feud over the validity of the act between democratic candidates Elizabeth Warren and Joe Biden appears to be building. Was the 2005 law change truly a Trojan […]
July 31, 2019
From Former Glory Years to Student Loan Collapse ITT Tech was once a well-respected technical training school that orignated in 1969. The headquaters was in Carmel, Indiana. By the 1980’s and 1990’s, ITT Technical Institute was synonomous with high-quality, no-nonsense education. Both young students right out of high school and older adult students would flock […]
February 26, 2019
As you may have heard, USA gymnastics has filed for Chapter 11 bankruptcy relief in the Indiana Southern District for bankruptcy. This filing which occurred in early December 2018 is certainly high-profile Indianapolis bankruptcy news. Recently a deadline of April 26, 2019 has been solidified so far for filing claims in the case. USA Gymnastics: […]
February 21, 2019
Since there are new tax laws, many people will find themselves receiving a smaller tax refund this year. Due to the new tax law change, people will receive an average of a 15% drop in their total tax refund. This may sound confusing because in actuality the total amount of tax that most people must […]
February 19, 2019
Why Are Car Loan Defaults Rising? Car loan defaults are rising and are now higher than ever. The numbers are staggering. They even exceed the peak of car default that occurred before the 2008 financial crisis. What is causing this new rate of default and what can we expect in the future? Bad Car Loans […]
September 14, 2018
Anson Indiana Bankruptcy Cases: New Development Not Spared Being an attorney near the Anson Indiana development, I have observed that the area has not been spared from the need to file bankruptcy. Anson Indiana was one of the largest and boldest planned-unit developments in the United States. It has survived the recession and continues to […]
August 31, 2018
Millennial bankruptcy is now rising in numbers. Members of this generation are now reaching their 20’s to mid 30’s. By this age, they easily have had sufficient time to build up impossible debt situations. The future outlook for millennial bankruptcy appears strong and on the rise. Millennial bankruptcy could be attributed to a new viewpoint common […]
June 21, 2017
Did the Public Service Student Loan Forgiveness Law Change? The first wave of 10-year faithful payers under the public service student loan forgiveness program (PSLF) will soon mature. These payers should have their loans forgiven under this program for their 10 years of work as a public employee. Now, it appears that the Department of […]
June 14, 2017
Puerto Rico Bankruptcy – What Does This Mean for the U.S.? Puerto Rico, a U.S. territory, has become completely bankrupt: it can no longer service its debts. Puerto Rico is barred technically from filing for bankruptcy due to its territory status. However, similar reorganization relief will be sought under PROMESA (the Puerto Rico Oversight, Management, […]
