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FEWER BANKRUPTCIES IS BAD FOR THE ECONOMY!!

© David G. Hicks, Attorney at Law                 When multimillionaire big shots like Bowie Kuhn – corporate lawyer and former commissioner of major league baseball – buy beach front mansions in Florida and then walk away from most of their debts by filing bankruptcy back in New York, it tended to rub the public the […]

WHO’S FILING BANKRUPTCY THESE DAYS?

By David G. Hicks* *Attorney at Law, Certified Bankruptcy Specialist, Debt Relief Agent             Currently, bankruptcy case filings are at historic lows and are down whether analyzed by bankruptcy chapter type or by geographic region.  Nationally the economy is doing quite well, and regionally here in the Midwest, it’s doing even better.              However, the […]

BILLIONAIRES AND BANKRUPTCY

            Would you feel guilty if your financial circumstances compelled you to file a bankruptcy?  Consider losing a job and then finding another that only paid 10% of what you used to make.  What if you were a millionaire?  A famous basketball player filed bankruptcy even though he was playing under a one million dollar […]

“STUDENT LOAN BILL OF RIGHTS”

            Officials from the Department of the Treasury, the Department of Education and the new Consumer Financial Protection Bureau are ordered to issue a report to President Obama not later than October 1st of this year on whether bankruptcy laws or other laws and regulations should be amended to provide greater help and protection to […]

SAME SEX MARRIAGE, BANKRUPTCY AND THE FAMILY MEDICAL LEAVE ACT

             It has been well known to bankruptcy professionals for some time that unmanageable medical debt was a primary, precipitating event in many bankruptcy case filings. Many unplanned and unpreventable family situations created the mountains of medical debt. When a child, parent or spouse became ill and had to be cared for, the healthier, care […]

WHITE HOUSE ADRRESSING STUDENT LOANS

As a proud member of NACBA (National Association of Consumer Bankruptcy Attorneys), I am glad to see that the current President of that association is making student loans and their resulting debt load on Americans a priority and it seems the White House is listening by recent signing of the Student Aid Bill of Rights […]

Earned Income Credit-Make Sure you are Getting your Money

We are right in the midst of tax season, and people often have many questions about what they can and can’t do with their tax refunds.  Well, tax refunds are often a source of funds to pay on bigger purchases or pay off debts.  If you are contemplating a bankruptcy, you should not make a […]

I Think I Love You, David Cassidy Files for Chapter 11 Bankruptcy Protection

David Cassidy, former Partridge family teen heart throb filed for Chapter 11 Bankruptcy protection in Florida this week.  Given that he’s known for the song “I Think I Love You”, the timing of his filing just before Valentine’s Day seems ironic.  His filing just shows us that all people regardless of background and finances can […]

MORE NATIONAL RECOGNITION FOR OUR FIRM

            Our firm has – for more than twenty-five years – consistently advocated for the highest standards of professionalism in bankruptcy law.  To us, competent representation of our clients requires thorough knowledge of the law and the ability and willingness to zealously advocate and fight for them.  We have believed from day one that it’s […]

WHEN THINGS GO WRONG; FIND THE LAWYER WHO IS RIGHT

The financial aspect of your life is disastrous even though you worked hard and played by the “rules”!  Something happened on your way to your goals and plans.  Maybe there were mounting medical bills, or an unexpected job loss, or perhaps a divorce resulting in two separate households having to live on the same amount […]

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