{"id":2778,"date":"2012-05-09T08:05:30","date_gmt":"2012-05-09T13:05:30","guid":{"rendered":"http:\/\/www.mdmproofing.com\/iym\/weblog\/?p=2778"},"modified":"2012-05-07T21:31:22","modified_gmt":"2012-05-08T02:31:22","slug":"too-broke-for-bankruptcy","status":"publish","type":"post","link":"https:\/\/www.mdmproofing.com\/iym\/weblog\/2012\/05\/too-broke-for-bankruptcy\/","title":{"rendered":"Too Broke for Bankruptcy"},"content":{"rendered":"

Whaddya mean, they made bankruptcy too expensive to pursue? Say whaaaa?<\/p>\n

Yahoo Finance: Too Broke to Go Bankrupt<\/a><\/span><\/p>\n

Apparently, calling “Bankrupt!” and getting a do-over ain’t as cheap as it used to be. But then, what is?<\/p>\n

My favorite quote from the article reads thusly:<\/p>\n

\n

Billy Brewer, president of the National Association of Consumer Bankruptcy Attorneys, said bankruptcy attorneys have no choice but to charge such high fees.<\/p>\n

“When clients come in and I tell them the fee, they look at me like I have two heads, and say: What part of ‘I’m filing for bankruptcy don’t you understand?’ But we can’t afford to do it for free,” said Brewer, who charges an average fee of $1,500. “Congress decided to make the process much more difficult and there’s much more paperwork involved, so attorneys are spending double the time they used to just to help someone file.”<\/p>\n<\/div>\n

Well, I’m sure<\/b> this was a completely unintended<\/b> consequence of the 2005 bankruptcy legislation. <\/p>\n

Not.<\/p>\n","protected":false},"excerpt":{"rendered":"

Whaddya mean, they made bankruptcy too expensive to pursue? Say whaaaa? Yahoo Finance: Too Broke to Go Bankrupt Apparently, calling “Bankrupt!” and getting a do-over ain’t as cheap as it used to be. But then, what is? My favorite quote from the article reads thusly: Billy Brewer, president of the National Association of Consumer Bankruptcy […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[50,63],"tags":[],"class_list":["post-2778","post","type-post","status-publish","format-standard","hentry","category-bankruptcy","category-debt"],"yoast_head":"\nToo Broke for Bankruptcy<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.mdmproofing.com\/iym\/weblog\/2012\/05\/too-broke-for-bankruptcy\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Too Broke for Bankruptcy\" \/>\n<meta property=\"og:description\" content=\"Whaddya mean, they made bankruptcy too expensive to pursue? 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