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Bankruptcy signs of the times

By Cathy Moran

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 write letters to the editors opposing a bankruptcy solution to the housing debacle.

Meanwhile, the average income of people through my door  has to have increased $75K a year in the past four months.  Bankruptcy now looks good to people making well over $200,000 a year.

The formerly well to do are following more and more long established small businesses that have hit a wall.

The news tells us the recession is ending;  if that’s so, the casualties will persist long after  the economy is supposedly recovered.

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  • Financial products sold to the unsophisticatedFinancial products sold to the unsophisticated
  • My Wildly Biased Choices For Best Posts Of 2017My Wildly Biased Choices For Best Posts Of 2017

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About Cathy Moran

I'm a veteran bankruptcy lawyer and consumer advocate in California's Silicon Valley. I write, teach, and speak in the hopes of expanding understanding of how bankruptcy can make life better in a family's future.

Chapter 13 available to more

About The Soapbox

You've arrived at the Bankruptcy Soapbox, a resource of bankruptcy information and consumer law.

Soapbox is a companion site to Bankruptcy in Brief, where I try to be largely explanatory and even handed (Note I said "try").

Here, I allow myself to tell stories and express strong opinions on how I think law should work for the consumer and small businesses when it comes to debt.

Moran Law Group
Bankruptcy specialists for individuals and small businesses in the San Francisco Bay Area

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