Comments on: bankruptcy law self-help

By: shlep: the Self-Help Law ExPress » Blog Archive » bankruptcy help in brooklyn

Sat, 24 Mar 2007 16:26:15 +0000

[...] In our prior post bankruptcy law self-help, you can find many free, online resources to help prepare for filing bankruptcy on your own. For example, the webpage Filing Bankruptcy Without an Attorney (Pro Se), from the U.S. Bankruptcy Court for the District of Columbia offers help for the pro se litigant, including a 77-page pdf. document on Bankruptcy Basics, explaining the “basics” and process since the new bankruptcy law became effective in October 2005. [...]

By: Terrance Leeders

Terrance Leeders — Thu, 15 Mar 2007 17:30:53 +0000

I agree that BAPCPA has created substantial paperwork for consumers who file bankruptcy. There are huge pitfalls if you file at the wrong time, don’t submit the required documents, or submit them late. That is why it is a wise financial investment to hire an experienced attorney to help guide you through the process. Most attorneys understand the financial straights that their clients are in and most offer flexible payment plans based on each debtors financial situation.

Terry Leeders
http://www.leederslaw.com
312-427-7400

By: judd

judd — Tue, 27 Feb 2007 05:37:58 +0000

got to check out this cool movie about the debt industry:

http://www.indebtwetrust.com

-judd

By: shlep: the Self-Help Law ExPress » Blog Archive » like a regifted fruitcake

Sat, 23 Dec 2006 15:08:08 +0000

[...] Meanwhile, over at Volokh Conspiracy (the well-deserved winner as the Best Law Blog in The 2006 Weblog Awards), Todd Zywicki wonders “Why Such a Large Drop in Bankruptcy Filings?” (Dec. 20, 2006; via Carolyn Elefant at Legal Blog Watch) Prof. Zywicki posits a few possible reasons and asks readers for their ideas and Comments. As we stated in our “bankruptcy law self-help” posting on Oct. 16, much of the reduction in filing since the new bankruptcy law went into affect in 2004 can surely be explained by the public’s misunderstanding of the bankruptcy new Act (BAPCPA) — a situation welcomed by many proponents of the so-called reform. Far too many people do not understand that Sec. 7 is still available to anyone making less than the median income in their state. In addition, potential bankruptcy petitioners are often deterred these days by the new, higher fees charged by lawyers since the more-complicated BAPCPA procedures went into effect. (also see the Comment to the VC post by Scott B. Riddle, of the Georgia Bankruptcy Law Blog) [...]

By: shlep: the Self-Help Law ExPress » Blog Archive » bankruptcy document preparers getting busier

Thu, 19 Oct 2006 19:13:27 +0000

[...] According to a press release from the National Association of Legal Document Preparers, dated Oct. 19, 2006, ”One year after legislation designed to reduce personal bankruptcy filings went into effect, nearly 80% of legal document preparers are seeing a spike in bankruptcy filings.” Despite the state of confusion among the public described in our prior post on bankruptcy helf-help, NALDP Director Lizanne Sadlier reports that ”people are starting to wade through that misinformation and realize they can still file for bankruptcy and qualify for Chapter 7.” Sadlier added that ”more complicated paperwork and increased lawyer fees are leading many people to seek affordable and reliable assistance from legal document preparers.” In addition, although bankruptcy attorney fees are rising, “the majority of legal document preparers surveyed have not raised their prices, which are typically 50-80% less than attorney fees.” Finally, to no one’s surprise, the vast majority of people filing for bankruptcy “do not have the means to qualify for Chapter 13,” and therefore qualify for Chapter 7. [...]