Where is the last, honest person?

In the course of my practice, I have the opportunity to correspond with a lot of people. In our bankruptcy practice, most of those people are in dire financial situations. In what appears to be a rapidly growing trend, those in economic distress appear to be the target of more and more deceptive schemes and fraud than ever before. To this, one might respond “this isn’t new,” and of course you would be right. The news is rife with articles about people being ripped of. What I find scary these days, however, is that previously highly-regarded professionals are getting wrapped up in these schemes, and the scope of these schemes is growing exponentially every day [more . . .]

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Bankruptcy As American As Apple Pie?

As a long-time bankruptcy attorney, I am as big a proponent of the bankruptcy system as anyone else. However, a line in a recent Time® Magazine article, a line comparing bankruptcy to Apple Pie really struck me as funny. The article was a brief “history” of bankruptcy, dating back to the Romans who would dismember debtors and distribute their limbs to the creditors (Yuck!). I’m not sure what one does with the arm of a person who owed you money, but it did illustrate the dramatic change in attitude in resolving debt. Bankruptcy laws are generally seen as a more empathetic, humane means of resolving debt [more . . .]

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Myths About Bankruptcy

Bankruptcy is a word that often evokes a lot of emotion from people. Fear, anger, loathing and a wide range of feelings are often associated with just the mention of bankruptcy. The truth is that bankruptcy is not something to be feared, looked-down-upon nor reviled. Common misperceptions lead people to reach for those fears, and in this article I hope to dispel a couple of these [more . . .]

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