by Chris Ebert | Feb 29, 2012 | General
The setoff is an obscure legal provision most often applied in civil lawsuits. But in the context of consumer bankruptcy, it allows a moneylender to seize funds out of a consumer’s bank account. There are many situations in which the setoff may apply, but the most...
by Chris Ebert | Feb 27, 2012 | General
When you tell your dog to “stay”, a well-trained dog will immediately stop moving. Imagine that you are the bankruptcy court and that your creditors are dogs. The moment you file your Chapter 7 or Chapter 13 bankruptcy, the automatic stay goes into effect. Any...
by Chris Ebert | Feb 25, 2012 | General
In 2011 there were nearly one million applications for bankruptcy protection. Yet the notion persists that bankruptcy is an embarrassing process that will ruin any opportunity for financial well-being. Chapter 13 bankruptcy, often called the “wage-earner plan” or...
by Chris Ebert | Feb 23, 2012 | General
“God and I are not equals; I can’t bring a case against him. We’ll never enter a courtroom as peers. How I wish we had an arbitrator to step in and let me get on with life. . .to free me from this terror so I could breathe again.”-Job 9:32-34...
by Chris Ebert | Feb 23, 2012 | General
You don’t too often see a Sunbeam anymore You never see a Fuller Brush Man or a dinosaur The voice of reason rules with an iron fist Please forgive me if I’m not prepared to handle this – “Fuller Brush Man” by James McMurtry Our economy is...