Real life Stories

SHOW ME THE BANKRUPTCYYYYYYYYYY!

You probably are more familiar with that line in its original form, “Show me the moneyyyyyyyyyyy!” as screamed over the phone by “Jerry Maguire” the sports agent played by Tom Cruise in the movie of the same name.  Well, now the real life sports agent that inspired the Jerry Maguire character, Leigh Steinberg has declared [...]

The Power of the Bankruptcy Court

 In re: Moser, No. 09-11945 (Bankr. N.D. Calif., May 18, 2011). In your interactions with the bankruptcy court, it is important to be as kind and respectful, and honest as possible.  The bankruptcy court has a lot of discretion in making important decisions that will influence your life for a long time.  It is not [...]

Compassion Fatigue in Consumer Bankruptcy Attorneys and Mental Health Professionals

Has the Consumer Bankruptcy Bar Had Enough? In September of 2011 I took an informal survey of National Association of Consumer Bankruptcy Attorney (“NACBA”) members on professional burnout.  Through a post on the NACBA listserv discussion group I asked NACBA members to rate on a scale of 1 to 10 how burned out they had [...]

Solyndra, Inc.: The Bay Area Didn’t Need Another Fremont Bankruptcy

Today, Solyndra, Inc., a private Fremont, California, company that had raised more than 1 billion dollars in venture capital and had also secured a $535 million federal loan guarantee to build its new manufacturing facilities in Fremont, California, announced that it will immediately lay off 1,100 workers, shutter its brand new plant, and file for [...]

Student Loans: Until Death Do Us Part

It is not unusual in my practice to see student loan debts well in excess of $100,000 and clients that have minimal prospects for ever paying back the debt. Since the standard for discharge of these debts in bankruptcy is so high (see article below), often I find clients who have resigned themselves to owing [...]

Feds For Foreclosures into Rentals, Hey! How About Stopping Foreclosures?

As a San Diego bankruptcy attorney, I try to stay up-to-date on the latest in consumer news. Today was a most interesting read of the newspaper. Financial stories abound each day, the news is filled with tales of the stock market crash and the double dip recession (was there ever a rise to double dip?). [...]