In the News

Wells Fargo: Worst Bank Ever? Part IV…

I’m cheered to see that others out there share my opinion of Wells Fargo Bank. For my prior screeds against this bank, see here, here, and here.  My rants against Wells Fargo may soon have as many volumes as the Harry Potter books. Seriously, I worried that my dislike of the bank might be overblown […]

Posted in Abuse, In the News, Loan Modification | Comments Off on Wells Fargo: Worst Bank Ever? Part IV…

Two Good Reasons to Avoid Post-Bankruptcy Loans

A client sent me a letter he got from a car dealership touting the financing he can get even though he is currently in bankruptcy.  You can find a copy of the letter here. How does a car dealer think of a person going through bankruptcy? Desperate? A victim?  I do not see any financing […]

Posted in Abuse, Bankruptcy Aftermath, In the News | Comments Off on Two Good Reasons to Avoid Post-Bankruptcy Loans

Payday Lenders

Here is a very amusing and outraged report on “payday lenders” from John Oliver, the British reporter who apprenticed with Jon Stewart and Steven Colbert. He’s accurate in presenting the problem: desperate and unthinking people can get money easily, but they will pay astronomical interest and the lenders are unscrupulous when it’s time to collect. […]

Posted in Abuse, Business, Crime, In the News, Policy, Regulation | Comments Off on Payday Lenders

Five things to know when hiring your child to work for you

I love having my 18-year-old daughter work in my law firm.  She’s smart and motivated.  She gets to see law in action.  She’s done wonders for my website, and she gets the mail out. She keeps a timesheet.  I pay her through a payroll company, which withholds funds for income and social security taxes, among […]

Posted in Abuse, Business, Courts, In the News, Policy, Tax Collection Issues | Comments Off on Five things to know when hiring your child to work for you

IRS and the Tea Party

A few months ago, the United States saw the political theater of Congress outraged at the IRS’s targeting of Tea Party organizations for special scrutiny on determinations of whether they qualified for tax-exempt status. It looked like the IRS was politically biased against conservative causes. The IRS, however, had a great defense that it didn’t […]

Posted in In the News, Taxes | Comments Off on IRS and the Tea Party

Large local business files chapter 11

I often ride my bike past the headquarters for THQ, a large video-game company in Agoura Hills, California.  In fact, it’s the third-largest employer in the city, after Bank of America and the local school district.   Two days ago, it filed for bankruptcy protection under Chapter 11 of the code (click here to view the […]

Posted in Business, Corporations, In the News, Procedure | Comments Off on Large local business files chapter 11

Lenny Dykstra sentenced for bankruptcy fraud

He had a great mansion in Lake Sherwood, near Thousand Oaks, but when his financial-services firm fell apart, so did his life.  Lenny Dykstra thought he could pocket the money from selling his memorabilia, but the bankruptcy court thought differently. Lesson here: it makes no sense to try to hide any assets from the bankruptcy […]

Posted in Abuse, Crime, In the News | Comments Off on Lenny Dykstra sentenced for bankruptcy fraud