Consumer Law Updates
Features news, commentary, practice musings and developments in consumer and bankruptcy law primarily for a legal audience.
Author: Elaine M. Dowling is a bankruptcy and consumer law attorney in Oklahoma City.
Blawg Related Categories: Bankruptcy Law • Consumer Law • Solos/Small Firms • States • Oklahoma • Solo / Small Firm
Recent Posts from Consumer Law Updates
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Debtors’ Priorities v. the Code’s Priorities
Just last week yet another Judge addressed the issue of whether or not supporting healthy, able-bodied adult children at the expense of your creditors is allowable under the Bankruptcy Code. This latest Judge joined the…
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NACBA Surprises
Every year that I go to the National Association of Consumer Bankruptcy Attorneys (NACBA) annual convention, I learn something surprising. By surprising I mean something that I feel like I should have already known and…
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Credit Crisis Made Easy
The New York Times has just run a lengthy article explaining how the whole mortgage-backed bond mess came to be. It is readable and easy to understand. It is called Triple-A Failure. This article isn’t…
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Oklahoma and the numbers — foreclosures and bankruptcy
Gauging the economy in Oklahoma from the national press has always been confusing. Remember the late ’80’s when every National business page was talking about the go-go stock market and ever-escalating real estate prices —…
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Debt Collection Tactics on cnn.com — huh?
I’m not sure what to think. Today there was a decent article on debt collection tactics and consumer’s rights on the front page of CNN.com. Here is the link to, “Rogue Debt Collectors — How…
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Real Estate Closings and Trust Funds
Evidently, in Georgia real estate closings are routinely handled by lawyers who use their trust accounts as the escrow. Last month a large mortgage company in Georgia, HomeBanc, filed for bankruptcy. In doing so it…
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Exchanging Credit Card Debt for Tax Debt
I really hate to say I told you so — ok, no I don’t. Several months ago I warned that the recent change in regulations requiring the reporting of debt forgiveness to the IRS was…
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Understanding the New Financial News
I have tried not to spend all summer blogging on financial happenings involving mortgage-backed securities. The net result of that, of course, is that I spent the summer not blogging. Anyway, if you have been…
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Foreclosure News for Lawyers
Countrywide is one of the largest, if not the largest, mortgage companies in the country. They started backing out of sub-prime loans before a lot of companies, and they have plenty of prime loans in…
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Arbitration Tide Turning?
Gradually over the last 15 years or more it seems there has been a swelling tidal wave in favor of mandatory arbitration agreeements. I’ve always been suspicious when people with money and power (like large…