Philadelphia Bankruptcy Lawyer Blog

The idea of Caller ID is a great one: let the answering party determine, based upon who is calling, whether they want to speak to the calling party. If it is a creditor intent on harassment or a telemarketer or just someone you do not want to talk to, the phone need not be answered and the caller can leave a message, generally, if they elect to. In a deceitful act commonly called "spoofing" or "call laundering," some have taken to hiding or mis-displaying that which appears on the Caller ID.

Continue reading "Doylestown Bankruptcy Lawyer Discusses Creditor Harassment (and False Caller ID)" »

As a bankruptcy attorney, King Law Center regularly fields questions about what property one can keep when filing for Chapter 7 bankruptcy. Since Chapter 13 is known as a repayment plan, it makes sense that property owned by a debtor who files for Chapter 13 gets to keep it. But a Chapter 7 is called a liquidation, and that word connotes surrendering everything but the clothes on your back. In practice, that simply is not how it is. Most debtors keep everything they own...including their cars (whether they are paid off or not).

Continue reading "Can I Keep My Car and Other Property in a Chapter 7?" »

The county with the highest population in Alabama filed the largest municipal bankruptcy in American history. The economy went down the drain in Jefferson County -- to the tune of over $4 billion -- as a result of a corruption-marred sewer project. Unlike the common Chapter 7 bankruptcy handled regularly by King Law Center, the debts here cannot simply be flushed away.

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This Doylestown bankruptcy lawyer, originally from Los Angeles, offers the following reason to celebrate: the fog that has been swirling around Chavez Ravine lately (that of Dodgers owner Frank McCourt filing for Chapter 11 bankruptcy protection...on the heels of his divorce, which highlighted lavish lifestyles, being leveraged to the hilt, nepotism, and affairs) might be clearing. The real estate mogul from Boston who somehow bamboozled Bud Selig into supporting the McCourt purchase of the famed franchise has agreed to auction the team, with oversight from the bankruptcy court.

Continue reading "Bankruptcy In Baseball: McCourt Finally Agrees to Sell Dodgers" »