Diminished value or loss of value property damage claims

I just settled a property damage claim for a married couple who pursed a property damage claim for a car accident but not a personal injury claim. No other lawyer would take it because these claims are so small compared to personal injury claims. Normally, I would decline the case too, but the case was referred to me by a colleague, so I agreed to accommodate them.

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Michael Vick Bankruptcy

Michael Vick was in the news today, but not for dog fighting or football. It was for his bankruptcy case.
People may wonder why a highly paid professional athlete who was once the highest paid athlete in the NFL would need to file a bankruptcy case. As the old saying goes, people who earn a lot spend a lot. But, though the headline said that the judge handed Vick a victory, it is not clear that it was anymore of a victory than an ordinary debtor would get.

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Three-year descent of real estate prices at an end

The New York Times reported on Wednesday that the 3 year decent in home prices appears at an end. The Philadelphia Inquirer reported pretty much the same story that day. Today it was reported that foreclosures are on the rise in areas that were previously unaffected by the housing industry decline, and that this is due to declining employment, rather than trouble loans. This all has implications for people considering bankruptcy to protect their homes.

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