Blogs
Over the past few weeks I have received several emails from bankruptcy prospects who have indicated to me that they didn’t feel that they could afford to file for bankruptcy relief. Most of the people that feel this way are mistaken. Now they may have checked on the Internet are called a few law firms+ Read More
The post If You Think That You Cannot Afford To File Bankruptcy, Think Again appeared first on David M. Siegel.
Bankruptcy Lawyer Secret If you had good experience with a restaurant, hairdresser, pastor, CPA or other professional, you would be likely to talk about that person and refer friends and family to that person. In the case of a bankruptcy lawyer, most people keep that information to themselves out of a fear of being viewed+ Read More
The post Why Keep Your Bankruptcy Lawyer A Secret? appeared first on David M. Siegel.
Well known cartoonist Charles D. Schultz was the creator of the Charlie Brown comic strip. A recent blog post article asks, "Did Charles Schultz coin the term 'security blanket?" What does this question about the coining of this term that was used in the Charlie Brown comic strip have to do with bankruptcy law?
What does a Security Blanket Represent
In the comic strip, Linus is best know for holding his "security blanket." The author of the blog post explains that a "blanket" is something held or carried to afford reassurance by its familiarity or "in extended use, a security blanket can also refer to anything offering reassurance, comfort, or a sense of security."
The author further relates that the use of a security blanket in the comic strip was explained back in the early 1980's, when the senior editor John Simpson of the Oxford English Dictionary wrote Charles M. Shultz when he was working on the entry for the phrase "security blanket".
Bankruptcy Security
By coincidence, the world of bankruptcy law also involves a lot of terminology relating to security and blankets, such as "security blankets", "blanket liens" or "blanket mortgages." As does Linus, these blankets are held for security - in this case to "secure" payment of obligations to pay, such as a mortgage promissory note.
Who Gets to Use the Blanket In many places, the value of the collateral security - the blanket - has fallen below the amount of the obligations to pay. The situation is therefore may presented: two persons want to hold or grab the blanket.
Traditional Model
One model may be that each says: "it is all mine." That is both grab the blanket (or in one instance a baby) and one says it is all mine and the other says it is all mine. That would be the "mine, mine, mine" model. In that instance, the ancient tradition provides for each party to be sworn and for the a court or King to make a determination of who gets to keep the entire blanket or baby.
Another Traditional Model
There are other traditional model though that would not involve the Court or the King, who likely have a house full of other work to do.
In this model, the parties would either share the blanket or divide the blanket between them. That would allow for both parties to stay warm. Some may prefer to share the blanket and others may prefer to divide the blanket and each use their own part.
Jordan E. Bublick - Miami Bankruptcy Lawyer - Kendall & Aventura Offices - (305) 891-4055 - www.bublicklaw.com
Well known cartoonist Charles D. Schultz was the creator of the Charlie Brown comic strip. A recent blog post article asks, "Did Charles Schultz coin the term 'security blanket?" What does this question about the coining of this term that was used in the Charlie Brown comic strip have to do with bankruptcy law?
What does a Security Blanket Represent
In the comic strip, Linus is best know for holding his "security blanket." The author of the blog post explains that a "blanket" is something held or carried to afford reassurance by its familiarity or "in extended use, a security blanket can also refer to anything offering reassurance, comfort, or a sense of security."
The author further relates that the use of a security blanket in the comic strip was explained back in the early 1980's, when the senior editor John Simpson of the Oxford English Dictionary wrote Charles M. Shultz when he was working on the entry for the phrase "security blanket".
Bankruptcy Security
By coincidence, the world of bankruptcy law also involves a lot of terminology relating to security and blankets, such as "security blankets", "blanket liens" or "blanket mortgages." As does Linus, these blankets are held for security - in this case to "secure" payment of obligations to pay, such as a mortgage promissory note.
Who Gets to Use the Blanket In many places, the value of the collateral security - the blanket - has fallen below the amount of the obligations to pay. The situation is therefore may presented: two persons want to hold or grab the blanket.
Traditional Model
One model may be that each says: "it is all mine." That is both grab the blanket (or in one instance a baby) and one says it is all mine and the other says it is all mine. That would be the "mine, mine, mine" model. In that instance, the ancient tradition provides for each party to be sworn and for the a court or King to make a determination of who gets to keep the entire blanket or baby.
Another Traditional Model
There are other traditional model though that would not involve the Court or the King, who likely have a house full of other work to do.
In this model, the parties would either share the blanket or divide the blanket between them. That would allow for both parties to stay warm. Some may prefer to share the blanket and others may prefer to divide the blanket and each use their own part.
Jordan E. Bublick - Miami Bankruptcy Lawyer - Kendall & Aventura Offices - (305) 891-4055 - www.bublicklaw.com
Bloomberg is reporting that the amount you pay on new federal student loans is going to drop by half a percentage point for the upcoming academic year when they are reset in July 2015.
According to Bloomberg:
The expected reset would mean a college student with the average $28,000 in federal loans could save about $800 over 10 years in the most popular loan program for undergraduates, called the Stafford, assuming rates stay constant, according to a government financial-aid calculator. Currently, borrowers pay 4.66 percent annually.
Unfortunately, the drop in interest rates applies to only new federal student loans, not those already in the system. In addition, it won’t do affect private student loans, which typically carry higher interest rates and more onerous payment terms.
Still, any news is good news for college students who need to take our federal student loans. With the rapid rise in educational costs every penny counts.
The post Interest Rates on New Student Loans Expected to Drop appeared first on Bankruptcy and Student Loan Lawyers - 866.787.8078.
"Charlie"
When quick help is needed to avoid grief, who is often chosen to help out? Apparently often, "Charlie." In the artistic field, there is well-known cartoonist Charles M. Schultz and his alter-ego "Charlie Brown." In the fields of commerce and government, are two other "Charlies" - Charles Erwin Wilson ("Engine Charlie") and Charles Edward Wilson ("Electric Charlie").
"Engine Charlie"This year and on July 18, 2015, mark the 125th anniversary and birthday of the 5th Secretary of Defense Charles ErwinWilson. Secretary Wilson's life, achievements, and legacy are well-known and recognized, but a few notes will be attempted. "Engine Charlie" is best recognized for his service as president of General Motors during World War II and as Secretary of Defense for President Dwight D. Eisenhower.
Life of "Engine Charlie"Charlie Erwin Wilson lived from 1890 to 1961. Wilson earned a degree in electrical engineering and later engaged in the professions of engineering and business. By 1941, Wilson was president of General Motors in Detroit. As GM president, Wilson was called on to direct GM's huge production efforts during World War II. For his efforts, in 1946, Wilson was awarded the Medal for Merit by President Harry S. Truman. In 1953, President Dwight D. Eisenhower, called upon Wilson to serve as Secretary as Defense.
Wilson is Asked: What is Good for America?During Senate confirmation hearing for approval of the nomination as Secretary of Defense, nominee Wilson was essentially asked: "What is good for America?"
Wilson's high civic virtue is reflected in his "folksy, honest and outspoken" nature: "because for years I thought what was good for our country was good for General Motors, and vice versa." Some of the public misunderstood the meaning of Wilson's answer. After many years, Wilson is said to have tired of clearing up the misunderstanding held by some.
Secretary Wilson
The Senate approved Wilson nomination to serve as Secretary of Defense. Secretary Wilson served with distinction. For his service to Country, Secretary Wilson was awarded the Medal of Freedom by President Eisenhower on October 9, 1957.
"Engine" Charlie's LegacyThe life and legacy of Secretary Charles Erwin Wilson reflects that when the bell was rung, his the answer was "good and plenty." Secretary Charles Erwin Wilson's legacy reflects that he was an very good engine for the general good of America.
Jordan E. Bublick - Miami Bankruptcy Lawyer - Kendall & Aventura Offices - (305) 891-4055 - www.bublicklaw.com
"Charlie"When quick help is needed to avoid grief, who is often chosen to help out? Apparently often, "Charlie." In the artistic field, there is well-known cartoonist Charles M. Schultz and his alter-ego "Charlie Brown." In the fields of commerce and government, are two other "Charlies" - Charles Erwin Wilson ("Engine Charlie") and Charles Edward Wilson ("Electric Charlie").
"Engine Charlie"This year and on July 18, 2015, mark the 125th anniversary and birthday of the 5th Secretary of Defense Charles ErwinWilson. Secretary Wilson's life, achievements, and legacy are well-known and recognized, but a few notes will be attempted. "Engine Charlie" is best recognized for his service as president of General Motors during World War II and as Secretary of Defense for President Dwight D. Eisenhower.
Life of "Engine Charlie"Charlie Erwin Wilson lived from 1890 to 1961. Wilson earned a degree in electrical engineering and later engaged in the professions of engineering and business. By 1941, Wilson was president of General Motors in Detroit. As GM president, Wilson was called on to direct GM's huge production efforts during World War II. For his efforts, in 1946, Wilson was awarded the Medal for Merit by President Harry S. Truman. In 1953, President Dwight D. Eisenhower, called upon Wilson to serve as Secretary as Defense.
Wilson is Asked: What is Good for America?During Senate confirmation hearing for approval of the nomination as Secretary of Defense, nominee Wilson was essentially asked: "What is good for America?"
Wilson's high civic virtue is reflected in his "folksy, honest and outspoken" nature: "because for years I thought what was good for our country was good for General Motors, and vice versa." Some of the public misunderstood the meaning of Wilson's answer. After many years, Wilson is said to have tired of clearing up the misunderstanding held by some.
Secretary Wilson
The Senate approved Wilson nomination to serve as Secretary of Defense. Secretary Wilson served with distinction. For his service to Country, Secretary Wilson was awarded the Medal of Freedom by President Eisenhower on October 9, 1957.
"Engine" Charlie's LegacyThe life and legacy of Secretary Charles Erwin Wilson reflects that when the bell was rung, his the answer was "good and plenty." Secretary Charles Erwin Wilson's legacy reflects that he was an very good engine for the general good of America.
Jordan E. Bublick - Miami Bankruptcy Lawyer - Kendall & Aventura Offices - (305) 891-4055 - www.bublicklaw.com
Cenlar Doesn’t Know Who They Send Bills To, or Why Cenlar is a mortgage servicer. On their website, Cenlar FSB claims to be “the nations leading loan servicing provider.” What’s more, they say they have been…”actively engaged in mortgage loan servicing for more than 40 years.” Cenlar wants you to know that they are big […]The post Cenlar Doesn’t Know Who They Send Bills To, or Why by Robert Weed appeared first on Robert Weed.
In litigation, obtaining a judgment is step one. Step two – often as, if not more, difficult than winning a lawsuit – is collection. In a short, interesting Memorandum of Decision and Order (the “Decision”), Judge Dales of the United States Bankruptcy Court for the Western District of Michigan (the “Bankruptcy Court”), writes about some of the practical and legal considerations involved with pursuing collection of a bankruptcy court judgment. Read More ›
Tags: Chapter 7, Western District of Michigan
New Court Approved Agreement Beginning April 20, 2015, chapter 13 bankruptcy attorneys working on a flat fee arrangement are required to use the updated court approved retention agreement. This agreement spells out exactly what the attorney’s duties are, what the debtor’s duties are, as well as numerous explanations regarding what can happen in a chapter+ Read More
The post Chicago Bankruptcy Judges Amend Local Forms Again appeared first on David M. Siegel.
Updated daily, this blog will keep you informed on the latest bankruptcy news! 
Learn more about how Bankruptcy works and what you need to know.