Bankruptcy Insights

Gay Couples and Chapter 13 Bankruptcy
Gay couples, especially those that are in a long term relationship, present a unique set of problems when it comes to seeking relief under Chapter 13 of the Bankruptcy Code.  Gay couples in a long term relationship usually hold the majority of their assets jointly as well as the debts they have accumulated.  This situation is similar to most "married couples".  Gay couples in...
Mortgage Companies & Banks Lobby Against Amending The Law
It has been said that if you tell a ‘story' often enough over a long enough period of time, sooner or later people will become to believe the ‘story' to be the truth regardless of how outrageous it is.  This is exactly what has happened concerning the proposed changes to the bankruptcy code; to allow bankruptcy judges to deal with home mortgages by restructuring the...
A New Amendment to the Bankruptcy Code – Maybe?
According to multiple sources, including the American Bankruptcy Institute and the National Association of Consumer Bankruptcy Lawyers, efforts to amend the bankruptcy code to allow bankruptcy judges to modify home mortgage including reducing the outstanding debt to the current market value and modifying the interest rates to current rates is moving forward.  It is not clear what the final legislation will...
DIAMOND LAW on Bankruptcy and Related Topics
Life is uncertain that's for sure.  You watch the news and we're told these are scary times and that our ‘banking institutions' have made mistakes and need help - billions of dollars of help.  Where is the money coming from - looks like it may come from you and me. So, perhaps it's time to reconsider the stigma of filing for bankruptcy.  Let's face it -...
Will a Pending Divorce Screw Up Your Chapter 13 Bankruptcy?
Once your Chapter 13 has been confirmed you have a sense of relief because your financial chaos is finally under control. Your home is secure, your vehicles are secure.  You're feeling pretty good about life, as you should. In your Chapter 13 you have between 3 years and 5 years to make your plan payments before your case is discharged.  Often the stress and strain of finances puts a tremendous strain...

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