Monthly Archives: August 2009

Bankruptcy signs of the times

The news is usually a source of ideas for the Soapbox, second only to clients.  The news this month echos all too familiar themes. Notices of foreclosure sales must be single handedly supporting my local newspaper, the Mercury News. AP and the NYTimes write with amazement that mortgage loan modifications aren’t happening. The Mortgage Bankers…

Wage garnishment ends with bankruptcy filing

We were exploring the timing of a bankruptcy case, trying to live free in the house to be foreclosed while avoiding a garnishment on the working spouse’s wages.  I was thinking about comparing the cost of a garnishment to the cost of renting a house:  the client was thinking that a wage garnishment was forever!…