Archive for July, 2010

Mexican Tourist Agency Files for International Chapter 15 Bankruptcy

Cozumel Caribe South America, a Mexican tourist company on the beach that provides tourism to beach front hotels across the country has filed an international Chapter 15 bankruptcy.  The company reports more than $100 million debt liabilities and $10 million in assets. When a foreign company or entity Read more…

Creditor Abuse Prevention, part of the Doan Difference TM

A vast majority of our clients are unlawfully harassed by creditors in violation of federal law.  The most common violations are: Repeated calling Using abusive language Calling neighbors & family Calling at work Calling early in the morning or late at night Threatening legal action to intimidate Continuing to call after represented by counsel Continuing […]

Credit Card Debt Down

Credit card debt per borrower is declining across the U.S., in Illinois and throughout the Chicago area, according to TransUnion, the Chicago-based credit reporting company. In an article appearing in the Chicago Tribune, reporter Becky Yerak writes that, in Chicagoland, credit card debt per borrower averaged $5,119 in the Read more…

Investing During a Bear Market

Don’t go broke with your investment broker. If you still have money to invest, and a lot of people do, how do you find the right broker to help make the decisions as to where to put your hard-earned and hard-saved money? Do you look on the Internet, respond Read more…

Should a Husband and Wife File Jointly?

We are often asked if a husband or wife can file bankruptcy separately.  The short answer is yes, the longer answer lies in what you hope to accomplish. By way of background, each debt is the responsibility of the person that took on the debt.  For most married couples, that is both the husband and […]

Pay Down That Debt Now!

So, you’d like to pay down the balances on your credit cards and other debts and get some much-needed sleep. But how to do it?? One debt-reduction plan, touted by economist Dave Ramsey, is known as the “snowball plan”. Here, as reported by Chicago Tribune reporter, Gregory Karp, Read more…

Mortgage Scams Change Tune of “Home Sweet Home”

A former Chicago lawyer, Norton Helton, has been convicted on nine charges of bankruptcy fraud, as well as other criminal charges. Helton, working with co-defendants Charles White and Felicia Ford, scammed vulnerable homeowners by offering them false mortgage bailout assistance programs. From a Chicago Tribune article by Ameet Read more…

Debt Collector Confessions

As one of the very few bankruptcy firms in the state to pursue creditors who violate the Fair Debt Collection Practices Act (FDCPA), Doan Law Firm knows debt collectors routinely behave like heartless monsters and violate federal law and in an attempt to get just one more dollar.  A recent CNNMoney.com article interviewed former debtor […]

Debt Collector Confessions

As one of the very few bankruptcy firms in the state to pursue creditors who violate the Fair Debt Collection Practices Act (FDCPA), Doan Law Firm knows debt collectors routinely behave like heartless monsters and violate federal law and in an attempt to get just one more dollar.  A recent CNNMoney.com article interviewed former debtor […]

Texas Rangers Bankruptcy Trustee Pushes Aside Current Attorney

The Texas Rangers bankruptcy sale has hit nothing but bumps and snags.  The latest update is that the bankruptcy trustee assigned to the case has urged the team to dismiss their current law firm, Weil Gotshal Manges, for not operating in the team’s best interest.  Since Read more…