Southern California Bankruptcy Law Blog

Monthly Archives: August 2011

Unemployed, Underemployed, And Highly Educated: Pre-bankruptcy Planning

Posted in Chapter 11, Chapter 13

Ten months ago, Richard Vedder reported the following in The Chronicle of Higher Education: . . . following up on information provided by former student Douglas Himes at the Bureau of Labor Statistics (BLS), my sidekick Chris Matgouranis showed me the table reproduced below . . . Over 317,000 waiters and waitresses have college degrees… Continue Reading

Debts, Deficits, And Bankruptcy

Posted in Debt

A couple of posts ago I noted that the faltering economy had produced the highest gold prices in U.S. history. In my last post I reported that new home sales were on their way to reaching the lowest level since records started being kept in 1963. Today, Alana Semuels in the Los Angeles Times  reported… Continue Reading

Missed Mortgage Payments And Falling Home Sales

Posted in Home Loans

Here’s the latest mortgage delinquency news from  E. Scott Reckard in the Los Angeles Times: In an ominous sign for the housing market, the percentage of homeowners who have missed at least one mortgage payment has risen for the second straight quarter. . . . “It is clear that the downward trend we saw through… Continue Reading

Gold, Asset Protection, And Bankruptcy

Posted in Chapter 7, Debt

Gold just cracked $1,900 per ounce, closing at $1,917.90.  That’s an increase of 33% from $1,421 at the end of last year.  What’s causing this gold surge?  According to Tom Petruno of the  LA Times: [D]iving stock prices worldwide, fear of recession, fear of a European banking-system meltdown, distrust of central banks and paper currencies,… Continue Reading

Stock Market Losses And Bankruptcy

Posted in Debt

If you’ve been following the news recently, you’ve seen some wild activity in the financial markets.  According to Wallace Witkowski and Greg Morcroft of the Wall Street Journal’s MarketWatch:  ” U.S. financial stocks fell Monday led by chronic weakness in shares of Bank of America Corp. and a sharp drop in shares of Goldman Sachs… Continue Reading