Legal Advice and Services Blog

Question by justine: What type of bankruptcy is the Federal Government in ? Are they morally or fiscally bankrupt or is it both ? And if they are morally bankrupt then didn’t it cause them to become fiscally bankrupt too ? Don’t the two go hand in hand ? Best answer: Answer by No religion [...]

Question by Kymimom: Where do I find information about the federal programs to help homeowners with a foreclosure issue.? I was listening to a radio program this morning and they were talking about a Federal Program to help homeowner facing possible foreclosure where can I find additional information? This is for Michigan. Thanks Best answer: [...]

by LSE Library Question by Silver’s better than Green: Most of the national debt is owed to Federal Reserve crooks, so why pay it? The federal reserve act itself is unconstitutional and the gold they put away for safe keeping is apparently gone. So, why does government honor the debt? Best answer: Answer by steeleI [...]

Question by americanpatriot4757: Do you think the United States federal government should bail out homeowners in foreclosure? Why? Joel T – I appreciate you answer but you must realize ARMS adjustable rate mortgages are not the problem . They are good loans as long as you pay attention to what you are getting into. ARMS [...]

Question by rajeshmarajh: What role did the federal reserve play in the current foreclosure crisis? please answer Best answer: Answer by crunchLike liberals, it assumed the answer to affordable housing was cheap money, not cheap houses. It printed barrels full of new “cheap” money for banks to lend to people to buy $ 200,000 houses [...]

by NASA on The Commons Question by Anthony: What percentage of our debt is owned by the Federal Reserve? Imagine if we abolished the Fed and gave its powers to the Treasury; we wouldn’t have to be charged interest on printed money, we wouldn’t have to be concerned about no audits, we could take our [...]

Question by Jacob: Would you support a federal law that forces a state to go through bankruptcy and renegotiate union contracts? We all have to live through these tough economic times. States may have to file for bankruptcy in order to start fresh for the new year, but some states like Arkansas don’t have projected [...]

Question by Dr.T: Why does the federal govt. have to legislate to allow states to declare bankruptcy? The Constitution identifies states as sovereign, so a federal bankruptcy court cannot compel them to do anything. There is discussion now about somehow allowing states to declare bankruptcy, but this Constitutional impediment is fundamental. But the question arises, [...]

Question by hardwoodrods: When exactly did home foreclosure become the responsibility of the Federal Government? What a perfect system. I loan money, you pay me, you default the Government pays me. I win twice. Should we tax the windfall profits of Big Banking? Best answer: Answer by McCain ’08Haha, you know I really can’t answer [...]

Question by johnnyzooom: How do I collect a money judgment granted by the federal bankruptcy court? I was recently awarded a money judgment by the Federal Bankruptcy court in NJ. On a previous money judgment that I was awarded in county court, I’ve enforced the judgment by going through the county court system beginning with [...]