A Penny For Your Thoughts? If Not, Then How About Fifty Cent?

By Leon D. Bayer, Bayer, Wishman & Leotta (Los Angeles, CA)

The famous rap artist Fifty Cent is the debtor in a Chapter 11 bankruptcy case. Somewhat counter intuitively for any debtor to do, Mr. Cent has been using social media to demonstrate his financial well-being.

Lawyers routinely instruct their clients to keep . . . → Read More: A Penny For Your Thoughts? If Not, Then How About Fifty Cent?

Advisory Committee on Bankruptcy Rules Update

On behalf of the NACTT, Chapter 13 Standing Trustee Nancy Whaley (Atlanta, GA) attended the Advisory Committee on Bankruptcy Rules meeting on March 30th. As you may recall at the Rule’s Committee Fall meeting, the Committee passed the Official Plan Form and associated rules except for Rule 3015 and 3015.1. These rules permit Districts . . . → Read More: Advisory Committee on Bankruptcy Rules Update

NCLC and CFA's Written Statement to U.S. House Financial Services SubCommittee Hearing on FDIC Targeting of RALs

FOR IMMEDIATE RELEASE: MARCH 16, 2016

Link to complete written statement: http://bit.ly/1Uz6WRb

(BOSTON) The National Consumer Law Center and Consumer Federation of America submitted a written statement to the U.S. House Financial Services Subcommittee on Oversight and Investigations for today’s hearing regarding “The FDIC’s Targeting of Refund Anticipation Loans [RALs].”

In the written statement, . . . → Read More: NCLC and CFA’s Written Statement to U.S. House Financial Services SubCommittee Hearing on FDIC Targeting of RALs

Electronic Signatures Vs. Digital Signatures: What’s The Difference?

When it comes to selecting e-signature technology, lenders are well advised to think in terms of digital signature technology, as well.

Patrick Barnard

E-signature technology is seeing rapid adoption in the mortgage industry. Today, most, if not all, mortgage lenders accept e-signatures in some form, regardless of what stage they are at . . . → Read More: Electronic Signatures Vs. Digital Signatures: What’s The Difference?

ABA, Hazelden Betty Ford Foundation Release First National Study On Attorney Substance Use, Mental Health Concerns

ABA, Hazelden Betty Ford Foundation Release First National Study On Attorney Substance Use, Mental Health Concerns

Of 11,278 attorney/participants 20.6% scored at a level consistent with problematic drinking. . . . Of 11,489 participants, 36.4% . . . score consistent with hazardous drinking or possible alcohol abuse or dependence. A significantly higher proportion of . . . → Read More: ABA, Hazelden Betty Ford Foundation Release First National Study On Attorney Substance Use, Mental Health Concerns

In Your Cites - A Quick Refresher Of Common Legal Citations For Your Bankruptcy Practice

By Megan E. Craig, Bayer, Wishman & Leotta (Los Angeles, CA)

New law school graduates and thirty-year veteran practitioners alike can benefit from a quick refresher on proper Bluebooki citation. This article reviews proper use of basic case, statute, internet and book citations, including use of short form and signals. It is intended for . . . → Read More: In Your Cites – A Quick Refresher Of Common Legal Citations For Your Bankruptcy Practice

Meet The New Trustee

As of January 1st, Carey Dalton Ebert was appointed Chapter 13 Standing Trustee for the Eastern District of Texas. Her office is in Plano. She inherited an exceptional staff from Chapter 13 Standing Trustee Janna Countryman, who passed away suddenly last year.

Prior to appointment as Standing Trustee, Ms. Ebert practiced law for over . . . → Read More: Meet The New Trustee

CFPB Takes Steps To Improve Checking Account Access

CFPB Takes Steps To Improve Checking Account Access CFPB Concerned that Screening Inaccuracies and Lack of Account Options are Keeping Consumers Out of the Banking System

FOR IMMEDIATE RELEASE: February 3, 2016

WASHINGTON, D.C. — Consumer Financial Protection Bureau (CFPB) is taking steps to improve checking account access amidst Bureau concerns that . . . → Read More: CFPB Takes Steps To Improve Checking Account Access

The Premium Tax Credit – The Basics

If you – or anyone on your federal tax return enrolled in health insurance coverage through the Health Insurance Marketplace, you may be eligible for the premium tax credit.

Here are some basic facts about the premium tax credit.

What is the premium tax credit?

The premium tax credit is a credit that helps . . . → Read More: The Premium Tax Credit – The Basics

Gasoline and The Debtor’s Budget