Consumer and small business bankruptcy issues. Deals with before, during and after bankruptcy.

CFPB vs Morgan Drexen – fraudulent debt “relief” assistance

Consumer Financial Protection Bureau (CFPB)  filed its lawsuit in August 2013, against debt-relief services company Morgan Drexen.  The CFPB alleges, among other things, that  Morgan Drexen deceived consumers into paying unlawful up-front fees for debt relief services by disguising them as fees related to “sham” bankruptcy services. According to an article by Joanna M. Zdanys […]

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I Filed a Chapter 7. Why Did the Trustee Take My Business?

Many people assume that their business will not be affected when they file bankruptcy.  They may be very wrong in that assumption.  Why?  The answer is “it depends on the type of bankruptcy filed”.