Blog entries

Rumors Untrue about Orlando Parliment House Bankruptcy

Rick Baker — Thu, 19 Aug 2010 15:35:24 +0100

Rumors untrue about Parliment House Bankruptcy...one of their lenders filed, not the P House.

http://www.watermarkonline.com/index.php/News/orlando-lgbt-news/4516--House-caught-the-middle-bankruptcy-battle.html

Back to School Budget Tips

Rick Baker — Wed, 18 Aug 2010 16:42:18 +0100

For all you back to school shoppers...some good suggestions to cut costs!

Back to School Doesn’t Have to Break the Bank | The Bankruptcy Blog

Modify Your Mortgage in Chapter 13 in Orlando

Rick Baker — Wed, 18 Aug 2010 14:14:50 +0100

NEW FEDERAL LOAN MODIFICATION RULES NOW WORK WITH

BANKRUPTCY LAWS & ORLANDO BANKRUPTCY COURT’S CHAPTER 13 MORTGAGE MEDIATION PROGRAM

As of June 1, 2010, new HAMP rule changes now make it possible to seek mortgage modification while in an active bankruptcy case.&nRead More...

Poor Richard: Forgotten Wisdom

Rick Baker — Mon, 16 Aug 2010 14:48:55 +0100

Was remembering my Ben Franklin recently and some gems came to mind in these difficult times. In his "Poor Richard's Almanac" as well as "The Way to Wealth" Ben has some wisdom to share that we all need to remember:

"Industry Pays Debts while Despair Increaseth Them"

"Diligence is the Mother of Good Luck and God Gives all things to Industry"

"One Today is Worth Two Tomorrows"

Attorney Richard Baker to Lecture on Lien Stripping in Chapter 13 September 9, 2010 in Orlando

Rick Baker — Thu, 12 Aug 2010 11:44:27 +0100

I will be speaking at a Continuing Legal Education Seminar September 9, 2010 in Orlando Florida. The seminar is for Attorneys who want to learn more about Lien Stripping Mortgages in Chapter 13 Bankruptcy.

It is hosted by www.LawReviewCLE.com so for more information, visit their website.

This is a hot topic in bankruptcy because of the ability to "strip off" second mortgages due to a sharp drop in real estate values. Many people do not realize that this is avaRead More...

Bankruptcy Filings continue to Rise

Rick Baker — Thu, 12 Aug 2010 11:02:13 +0100

No Surprise that filings are up given the economy, especially in light of recent Federal Reserve comments this week...

Personal Bankruptcies Rise, Reversing Trend - WSJ.com
online.wsj.com
Read More...

Isaiah 57:19 Your Words Have Power!

Rick Baker — Sat, 07 Aug 2010 16:34:48 +0100

Great reminder from a great attorney and fellow NACBA member that how you look at your situation and the words you speak have power in your life. Let your words echo your attitude and have faith and hope and look at Bankruptcy as a new beginning.

http://www.legalquestion.com Attorney Richard Baker

http://www.bankruptcylawnetwork.com/2010/08/07/isaiah-5719-and-bankruptcy/?utm_source=twitterfeed&utm_medium=twitter

Obama August Surprise!

Rick Baker — Thu, 05 Aug 2010 21:02:10 +0100

Principal Reduction on Mortgages. This Reuters Article/Blog finally discusses principal reduction being on the table for Fannie Mae and Freddie Mac...about time!

http://blogs.reuters.com/james-pethokoukis/2010/08/05/an-august-surprise-from-obama/?cp=5#comment-8818

Look folks...the blame game is pointless. Stabilizing the US Housing Market is the KEY to ending the recession. If the cramdown bankruptcy bill would have passed in May 2009, the real estate markeRead More...

Chapter 12 Bankruptcy?

Rick Baker — Thu, 05 Aug 2010 19:42:40 +0100

Many people do not know about Chapter 12. This is a bankruptcy case for farmers and fisherman. One advantage is you can cramdown and restructure your home mortgage, something you cannot do in Chapter 13. Our good friend Doug Neway, Jax Chapter 13 Trustee administrating these case and leading the way! Good job Doug!

When the Federal Trade Commission is finally focusing on these scam outfits, you know it's bad.

Beginning in October, 2010 companies that promise to reduce or eliminate credit-card balances and other Read More...

Orlando Bankruptcy Court says NO to Chapter 7 Lien Stripping

Rick Baker — Thu, 29 Jul 2010 18:07:22 +0100

In an opinion just issued by the Honorable Karen Jennemann, Orlando Division U.S. Bankruptcy Judge, stripping off second mortgages in Chapter 7 cases is not allowed.

This is unfortunate for people needing Chapter 7 relief who want to keep their home but are reluctant to do so because of a second mortgage in relation to the value of their home.

The case explains the 1992 U.S. Supreme Court case that many believed controlled; however, there has been a split of authority around theRead More...

Elderly Mother, Son Found Dead In Their Burned, Foreclosed Family Home

Rick Baker — Fri, 23 Jul 2010 11:56:17 +0100

Elderly Mother, Son Found Dead In Their Burned, Foreclosed Family Homehttp://shos.it/cwmGrM #bankruptcy

This is a sad story. A Mother and her Son blocked their front door with boxes of tiles as the Sheriff came to evict them from their foreclosed home. They chose to die and burn their home over leaving their home of many years.

It does not have to come to this. Although things may appear desperate, I always remind myclients that at the end of tRead More...

HOW MUCH DO I HAVE TO PAY UNSECURED CREDITORS IN MY CHAPTER 13?

Thu, 15 Jul 2010 04:27:53 +0100

How much do I have to pay unsecured creditors in my Chapter 13?

A less experienced Bankruptcy Lawyer I know recently asked me about his Chapter 13 Bankruptcy client who owned a rental property that actually had some equity in it; very rare these days.

He wanted to know whether it would have to be liquidated (sold) to pay unsecured (Read More...

Quiet Judge Facing a Foreclosure Crush Gets Lenders Attention

Rick Baker — Thu, 15 Jul 2010 03:28:52 +0100

Quiet Judge Facing a Foreclosure Crush Gets Lenders Attention...looks like Miami Judges aren't the only ones getting fed up with these "taxpayer supported" greedy crooks...I mean banks...

Law.com Center for Regional News, Information Read More...

Debt Collectors are like a dog you don't feed!

Rick Baker — Tue, 13 Jul 2010 15:52:02 +0100

The Court System’s Latest Headache: Debt-Collection Suits - Law Blog WSJ:http://bit.ly/bOe1E1

As Pete Barry said at NACBA in San Francisco in May, Debt Collectors in a recession are like dogs you don't feed...they start chewing on the furniture. Who's the furniture? Consumers! My Clients! Due to the increased number of debt buyers, the lawsuits are now coming in greater numbers, putting even more pressure on cash strapped consumers trying their best Read More...

More fraud on the Court in Florida foreclosures

Rick Baker — Thu, 08 Jul 2010 12:02:34 +0100

Judge Finds “Fraud” in Foreclosure Mess « Foreclosure Fraud –http://bit.ly/aFu0f8

It is a practice that has gone on for years...only now are Florida Judges starting to realize that banks and their attorneys lie for a living.

Former Kiss Guitarist Loses Bankruptcy Appeal

Rick Baker — Thu, 08 Jul 2010 11:53:36 +0100

Former Kiss Guitarist Loses Bankruptcy Appeal - Bankruptcy Beat WSJ: http://bit.ly/a0jvtw

The sad reality of being the side man..why didn't Dr. Love just pay this guy his royalties? Answer: Greed!

Three Reasons Why Upside Down Homeowners Should Consider Bankruptcy

Rick Baker — Wed, 30 Jun 2010 12:15:18 +0100

Three Reasons Why Upside Down Homeowners Should Consider Bankruptcy http://bit.ly/9fXgln

Another good blog that ties in with a recent blog I wrote on this very issue.