It was part of my black 1993 Eagle Talon’s cassette player’s (and later my 2005 Chevy Cobalt’s CD player’s) rotation for well over a decade. It also introduced me to a new and dangerous vocabulary. Growing up in the somewhat sheltered confines of Wichita, I’d never heard of nor seen a “Gat” a “tech 9 tronic”, a “Six-Fo”, “hollow …
Tag Archives: bankruptcy
Student Loan Discharge In Bankruptcy: How Hard Is It?
In Steven Harper’s The Lawyer Bubble: A Profession In Crisis, the author (quoting a newspaper article) describes Federally guaranteed student loans as the closest thing to a debtor prison in existence. Lawyer Bubble, p. 11. This statement, while jarring, has some empirical support. In the book, Harper cites bankruptcy code changes that have made it virtually impossible to get student …
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Mechanics Lien Trumps Prior Mortgage in ‘Lien Strip’ Bankruptcy Dispute Involving Residential Property
Priority disputes happen a lot in mechanics’ lien litigation. Typically, a mortgage lender claims that its first-filed mortgage trumps a later-filed mechanics lien. The “trumps” part is activated if and when the property is sold and there aren’t enough proceeds to pay both the lender and contractor. If the lender’s mortgage has priority, it gets first dibs on the sale proceeds, leaving the …