GARNISHMENT OF WAGES UP 121% IN PHOENIX.

A wage garnishment is a legal process by which a creditor (including child support, taxes, banks or others who are owed money), by virtue of a court order, is allowed to take a portion of a person’s paycheck before the person receives it. It is usually the last straw for many people, who then have […]

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The Number 1 Cause of Bankruptcy

All things considered, credit card debt is the number one cause of bankruptcy. There is a lot of noise in the news about medical bills that cause bankruptcy. I saw an article recently that said sixty percent of bankruptcies include medical debt. That is probably about right. But do they cause bankruptcy? I don’t think […]

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The History of Bankruptcy

Bankruptcy relief is a natural outgrowth of a free market economy.  The American system allows people to buy and sell at agreed upon prices, to begin business ventures, which leads to the possibility that some may not succeed.  It also leads to the wide fluctuations in the economy, such as we have experienced recently. As […]

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Stockton City Bankruptcy

Yay! Stockton gets to stay in bankruptcy! By Clint Smith The bankruptcy judge in the Chapter 9 case of Stockton, California ruled that the case may proceed. Why is that news? Because Chapter 9, which applies to municipalities (cities and counties, mostly) is not automatic. Creditors (or other interested parties, like employees unions) can challenge […]

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Bankruptcy Fraud – What is that?

We’ve had another public disclosure of some bankruptcy fraud in the state of Idaho. A woman named Shauna Pennington was found guilty, in Criminal Court and in the Bankruptcy Court, of having provided false financial information and other things. Here’s what happened: In March of 2010 she apparently went to a bank to obtain a […]

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Bankrupt Cities | Mesa Bankruptcy Attorney

Cities Declaring Bankruptcy | Mesa Bankruptcy Attorney It’s time for an update on municipal bankruptcy. As you know, San Bernardino, CA as well as Mammoth Lakes and Stockton filed for bankruptcy protection in recent weeks. Moody’s Investor Service does analysis of various parties to determine whether they are credit worthy. Investors rely on that analysis […]

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