Articles Posted in Bankruptcy

William Edinger, 44, and his wife, Laura Mannetta, 35, moved their son, Billy, 12, and two daughters, Jessica, 10, and Melissa, 2, to a hotel, when they could no longer afford their $975-a-month home. Jessica often asks if she will go back to her school. “We tell her the truth, that we don’t know when…

Yesterday, EvanMRosen.com blog published on the Education Debt Crisis here.  Now, this blog has not yet garnered the status of the New York Times, but on the same day, the NYT, published both a video and an article on the exact same topic. One of the only ways to shed student loan debt, even in bankruptcy,…

“When the banks went under and the stock market went way down … I lost [most] of it,” said Charlotte Wahlstrom, 74,  who lives in a trailer in a small town in Michigan and gets by on $140/month in food stamps. This wasn’t part of her retirement plan. After her divorce in 1976, Wahlstrom continued…

A new report from the National Employment Law Project highlights America’s Low Wage Recovery.  This is not news to anyone living in the real world outside of politics, high level government, or finance. What this report shows is that the poor and teens struggle to find any jobs at all because of the downward displacement of the formerly middle…

The National Mortgage Settlement which gave Ally/GMAC, Bank of America, Wells Fargo, Chase, and Citi a very easy out for massive financial and real estate crimes is getting a lot of mainstream media coverage in the wake of the release of the first report card. The full report card is here.  Florida’s stats are on page…

Many Americans today are all too aware of the nation’s new demographic, the disappearing middle class.  Those  who fit into this group lived the American dream and lost everything in the aftermath of the man-made financial crisis.  The top financial institutions got bailed out from their dire predicament while the country’s small businesses and individual…

The foreclosure fraud crisis and the student loan debt crisis spring from the same roots, sharp reduction in borrower protections, heavy lender lobbying influence (via campaign contributions) over elected officials, and a system where loan defaults are more lucrative than performing loans. Unfortunately, in the thick of a presidential campaign, we hear no policy or…

I have been asked, many times, over the past several years of handling foreclosure defense cases, by friends, family, and other attorneys, what is foreclosure defense? There is routinely a follow up of, “aren’t you just trying to buy people time, isn’t that all you can do?” Sometimes helping a client obtain extra time is…