On December 16, 2014 the United States Senate finally voted to extend the Mortgage Debt Forgiveness to include the current year.  The extension was approved by the House of Representative earlier this month.  The Bill which includes dozens of additio

Listen to the Legal Hour on AM720 KDWN from December 17th, 2014 in which Michael Li, Esq., discusses Mr. Li’s career choice (1:30), bankruptcy and divorce (3:00), debt restructuring (9:00), Chapter 11 (12:55), bankruptcy and automobiles (14:45)

Listen to the Legal Hour on AM720 KDWN from November 19th, 2014 in which Michael Li, Esq., discusses Caesars’ corporate bankruptcy (1:15), liquidation vs. debt readjustment (8:00), the housing market (10:00), stripping off 2nd mortgage (12:15),