Author Archives

Jay S. Jump is mentioned in Lawyers Weekly

by Jay Jump on 3/11/10 | 1 Comment(s)

As a result of a former blog entry on this website, Jay S. Jump, an attorney in Washington State, and a contributor to the National Bankruptcy Forum, was interviewed for Lawyers Weekly USA on the Milavetz decision handed down by the Supreme Court earlier this week.
Click here to read the article.

Debt Buyer Practices

by Jay Jump on 3/11/10 | 0 Comment(s)

Initially, let me explain what a debt buyer is.
A debt buyer is a company or individual who purchases note paper. When you purchase a home, or a car, you sign a promissory note. This promissory note is what entitles the creditor to collect money from you for payment on the loan. Read more>>

Milvetz v. United States

by Jay Jump on 3/08/10 | 2 Comment(s)

A setback for debtors and debtors attorney’s everywhere.
This part is bad for the attorneys:
Attorneys who provide bankruptcy assistance to assisted persons are debt relief agencies under the BAPCPA. By definition, “bankruptcy assistance” includes several services commonly performed by attorneys, e.g., providing “advice, counsel, [or] document preparation,” §101(4A). Moreover, in enumerating specific exceptions to the debt-relief-agency Read more>>

Why you need to file bankruptcy. . .

by Jay Jump on 3/04/10 | 1 Comment(s)

You can villify me later. For now, I need you to read and get some perspective. Pay attention because we’re going to move fast.
You need to file for bankruptcy.
Let me say it again for those of you who are still shaking your head.
YOU NEED to file for bankruptcy!
There, I gave you a little emphasis to Read more>>

You have to name it to claim it!

by Jay Jump on 2/03/10 | 0 Comment(s)

I just filed a case where we listed a potential FDCPA claim in my client’s bankruptcy schedules. She had been harassed by a debt collection agent who had left an inappropriate voicemail on my client’s answering machine. It was heard by people who were beyond the scope of FDCPA communication and it was Read more>>

Adversary Actions for Debts obtained under false pretenses

by Jay Jump on 1/08/10 | 0 Comment(s)

Recently, I took on a case that involved a non-dischargeability action. They debtor had been accused of shorting his company some money and the other officers and directors were objecting to the discharge of the debt in the bankruptcy proceeding.
However, what the creditor’s didn’t realize is that the standards for dischargeability for false Read more>>

Published Unemployment v. Real Unemployment

by Jay Jump on 1/08/10 | 0 Comment(s)

I used to be a devotee of CNBC every morning. I would watch the stock market climb or fall, listen to the anchors tell me how to invest my money and believe every word of it.
That was wrong.
I don’t watch it anymore, I can’t. The news is depressing. What’s worse, Read more>>

The psychological effect of staying in your home after bankruptcy.

by Jay Jump on 1/08/10 | 0 Comment(s)

After your bankruptcy is finished, don’t move out. Stay in the home.

Supermarket Files for Bankruptcy

by Jay Jump on 11/18/09 | 0 Comment(s)

Penn traffic files for Bankruptcy:
Penn Traffic is the owner of a chain of regional supermarkets on the east coast.  Today, according to Reuters, they filed for Chapter 11 bankruptcy in Delaware.
This is a significant problem in our society if you haven’t already considered it. Small businesses across the country have been cut off from Read more>>

Can I be fired for filing bankruptcy?

by Jay Jump on 11/18/09 | 0 Comment(s)

Employers are not permitted to take adverse action against their employees who file for bankruptcy.  Debtors are protected by 11 U.S.C. sec. 525(b).  Section A applies to governmental units and Section B applies to private employers.  In all my years of practice, I have never had to bring an action or even threaten to bring Read more>>

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