After transitioning from the Trustee to the consumer side in bankruptcy, I am fascinated to learn that credit scores usually increase within the first year after filing a bankruptcy case. Many people think the opposite, fearing the mark of a bankruptcy reflected on their credit report for up to 10 years. But if you think […]
When a consumer buys a car, often they feel like they were transported off to a heavenly place. And then they start making car payments. Higher default rates for subprime car loans have led to lenders writing a fewer number of these loans. However, there still appears to be a potential for more subprime auto […]
Life After a Storm – Press on Regardless This past weekend many of you who follow this blog in West Central Florida persevered Hurricane Irma and its after effects. We were uncertain as to what to expect as hurricanes are so complicated and unpredictable, so we prepared and hunkered down as best we could if […]
My last post discussed the $12.73 trillion total household consumer debt gorilla. Recently, my banker told me they were seeing a larger number of individuals consolidating their credit card debt, and other debt, into single bank consolidation loans. He described this activity as the next bubble waiting to pop. We all hate bubbles, especially when […]
There’s a $12.73 Trillion Gorilla in the Room? Before founding my consumer bankruptcy law practice, I spent the last 26 years representing “the other side” in bankruptcy, the chapter 7 and 13 trustees. To nurture my transition to the consumer side, my peers advised me to read and listen to Dave Ramsey, which I have […]
Opening thoughts: I founded the Law Office of M. Eric Barksdale, P.A. to help individuals who need the assistance of a highly qualified attorney to navigate the complexities of bankruptcy law and the bankruptcy court. For 26 years I represented the “other side” of consumer bankruptcy law, the bankruptcy trustees, both chapter 7 and chapter […]
The 4th of July and Bankruptcy The July 4th holiday is a time for celebration. Please stay safe and enjoy the festivities responsibly. This time of year, we think a lot about the founding of the United States of America. Did you know that the right to bankruptcy has been there since the inception of […]
