March 22, 2008

• 6th Circuit Decides "Hanging Paragraph" Issue in Favor of Creditors

  One of the most controversial topics arising from the BAPCPA changes ot the bankruptcy law has to do with the so-called "hanging paragraph" of Section 1325(a).  Stated simply, Section 1325(a) does not clearly address what happens in a Chapter 13 if a debtor surrenders a vehicle back to a secured creditor if the vehicle is worth less than the outstanding claim. (…)

March 13, 2008

• Military Officer Could Lose Career if Financial Troubles are Revealed - What are his Options?

  Our office recently received the following question from a reader of our blog:

  I am now in a full-time Air Force Reserve, with 27 years total military service time. (…)

March 8, 2008

• As Foreclosure Rates Rise, Beware of Foreclosure Scams

  With foreclosure numbers in Tennessee cities on the rise, it should come as no surprise that desperate homeowners are being targeted by scammers.  Usually the scammers pitch promises to stop a pending foreclosure using a "secret provision in the law" or an alleged special relationship with mortgage lenders. (…)