Blog Posts in December, 2010
Posted on Dec 30, 2010 By Joseph Tosti
As a consumer bankruptcy attorney I get to see trends coming before they become mainstream. Living in Southwest Florida , I get to deal with people from all walks of life. The generation that I find ...
Continue reading "Credit Card Horrors For Senior Citizens" »
Posted on Dec 28, 2010 By Joseph Tosti
HAMP, the Home Affordable Modification Program which can modify a mortgage, is no way to avoid bankruptcy. It's a heart-breaker. It builds up false hopes and then destroys them. That's my conclusion ...
Continue reading "HAMP Mortgage Modifications and Bankruptcy" »
Posted on Dec 27, 2010 By Joseph Tosti
Gov. David Paterson has signed a bill that gives more protection to New Yorkers who file bankruptcy or who have been sued by bill collectors. The new law increases the exemptions that people can use ...
Continue reading "Outgoing Governor Paterson Gives New York Debtors Something to Cheer About!" »
Posted on Dec 26, 2010 By Joseph Tosti
In earlier posts, two bankruptcies filed by debtors appearing in Bravo Television reality shows were discussed. Terese Giudice who appears on Real Housewives of New Jersey and Sonja Morgan who appears ...
Continue reading "Bankruptcy Basics: Bankruptcy Fraud can lead to Truth or Consequences" »
Posted on Dec 24, 2010 By Joseph Tosti
I've been hearing from more and more people who have purchased small businesses on an installment basis from a previous owner and are now struggling to make the payments because of the downturn in the ...
Continue reading "Defaulting on Business Purchase Loan" »
Posted on Dec 22, 2010 By Joseph Tosti
Unusual situations often show up in bankruptcy court eventually. And sometimes they contain both humor and depression in equal measure. Recently the 8th Circuit Bankruptcy Appellate Panel was called ...
Continue reading "A Horse Trailer is Not a Home" »
Posted on Dec 14, 2010 By Joseph Tosti
What happens if a creditor contacts someone after bankruptcy ? Under the bankruptcy laws, creditors can't take any action to collect a debt once a case has been filed. If a bankruptcy case is still ...
Continue reading "After You File Bankruptcy, What Happens If A Creditor Contacts You?" »
Posted on Dec 13, 2010 By Joseph Tosti
This is a wonderful time of year, a time for giving thanks, for counting blessings, for sharing joy and for giving to others. The natural desire to express our love through gifts burns strong in our ...
Continue reading "Credit Cards and the Christmas Holidays – a Dangerous Combination" »
Posted on Dec 13, 2010 By Joseph Tosti
Being in bankruptcy means remembering priorities. A big priority is keeping a roof over your head. As I have in the past , I will suggest that this is even more important than Christmas. If you have ...
Continue reading "Christmas and Mortgage Payments: Don’t Confuse Priorities!" »
Posted on Dec 2, 2010 By Joseph Tosti
What happens to a co-debtor when a debtor files for bankruptcy depends upon the type of case that is filed. Many clients come to my office relieved to find out that a bankruptcy stays proceedings ...
Continue reading "How Does Bankruptcy Impact A Co-Debtor?" »