Bankruptcy Boot Camp Q & A With Thomas Cox

We plan on presenting a question and answer series on the Bankruptcy Boot Camp Blog and I am both pleased and proud that the first in the series features Maine attorney, Thomas Cox.  Tom has been profiled over the last several months by many news media sources, including the New York Times, ProPublica and Mother Jones. Tom is widely credited as being responsible for causing …

Foreclosure Lawyers Go to Gardner’s Farm for Edge on Lenders

Bloomberg has a story on Max and the Boot Camp which features a few Boot Camp graduates as well. “My time with Max changed the trajectory of my legal career,” Nick Wooten, a 40-year-old Alabama attorney who changed his focus from personal injury to bankruptcy and foreclosure after attending the boot camp in 2007, said in a telephone interview. “Knowledge …

Why Hasn’t Obama Supported Judicial Modification?

From the Bankruptcy Law Network: Modification of home loans in bankruptcy was promised by candidate Obama before his election as President.  Current bankruptcy law prohibits modification of a loan secured against the debtor’s principal residence.  The idea was simple, if bankruptcy judges were allowed to adjust the balance due and payment terms of home loans in Chapter 13 cases, many homeowners …

The Big Picture

Some people are just coming to the realization that the credit industry has been sloppy and taking shortcuts in their zeal to make as much as money as quickly as they can. Max discovered this years ago and has been teaching consumer lawyers about mortgage securitization and servicing process in his boot camps and his recently concluded special session.  In response …

Spinning a Yarn

Let’s travel back 10 years to September 2000. All Business. O. Max Gardner III dug up a novel approach to burying a business as payback for workers — and his grandfather. When Shelby Yarn Inc. shut down in January of 2000, 650 people lost their jobs. Mill closings are nothing new to North Carolina, but rather a ritual repeated since industrialists …

The Gold-Rush To Bankruptcy

Nye Lavalle recently penned an article  The Gold-Rush To Bankruptcy.  We thank her for recognizing the hard work of Max and his Bankruptcy Boot Camp graduates in protecting consumers and their homes. BORROWERS BEWARE!!!  Many Consumer Bankruptcy Lawyers Are In On “The Game” Colluding With Foreclosure Mills To Sell-Out Their Clients…   Far too often, borrowers rush to bankruptcy to fight …

Equal Monthly Payments and the Modification of Mortgages in Chapter 13

Consumers facing a home mortgage foreclosure may find bankruptcy is the most effective option for saving their home.  The dismissal statics from the Department of the Treasury of the number of permanent modifications under the Homeowners Affordable Modifciaton Program (HAMP) make Chapter 13 the only real option for the vast majority of distressed consumers with family homes. Chapter 13 is …