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John Caher
New York Law Journal
September 20, 2006
A Northern District of New York bankruptcy judge has refused to bail out
Congress for an apparent drafting glitch in the new bankruptcy law that
frequently results in creditors getting less under the "reform" measure than
they got under the old version -- even though the clear intent of lawmakers
and the president was to aid creditors.
Chief Bankruptcy Judge Stephen D. Gerling in In re Rotunda, ...   more »

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DAYTON, Ohio, Sep 19, 2006 (BUSINESS WIRE) -- Nearly one year has passed
since enactment of the Bankruptcy Abuse Prevention and Consumer
Protection Act of 2005 (Oct. 17, 2005). LexisNexis(R) CourtLink(R)
compiled data shows 2006 Chapter 7 bankruptcy filings (Jan. 1 - Sept.
15) are 71 percent lower than 2004 Chapter 7 filings for the same time
period.
Year-to-date Chapter 7 figures in 2006 show 237,578 filings compared
with 2004 Chapter 7 filings of 830,014 compiled ...   more »

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Cards that don't report credit limits are just one of the hidden threats to
your credit score. Here are some of potential hits you might be taking, and
how you can fight back.
By Liz Pulliam Weston
Accountant John Johnson of Springdale, Ark., painstakingly rebuilt his
credit after some business reversals several years ago. But the credit-card
issuer that initially helped him is now standing in his way.
Capital One refuses to report its customers' credit ...   more »

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By Bankrate.com

Like most big, bad scary things, bankruptcy has a reputation based on a few
tidbits of truth and lots of embellishment. It's not nearly as frightening
once you know the truth.

12 bankruptcy myths

With a mind toward declawing the monster, here are a dozen misconceptions
about bankruptcy:

1.Everyone will know I've filed for bankruptcy.
2.All debts are wiped out in Chapter 7 bankruptcy.
3.I'll lose everything I have.
4.I'll never get credit again.
...   more »

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9/11/2006 - Special to The OBSERVER

BUFFALO - With consumers feeling the squeeze of increased interest on
adjustable rate mortgages and high energy prices, the drop in bankruptcy
filings resulting from last year's change in the bankruptcy law may soon
become a thing of the past.

According to Jeffrey Freedman, senior partner of Jeffrey Freedman Attorneys
at Law, while it is true that national statistics on consumer filings for
the 12-month period ending June 30 of ...   more »