Debtors

Law school graduates both young and old are living under the heavy weight of student loan debt, but we don’t need to tell our readers that law school costs a pretty penny — they already know. The people who do need to know are those who are thinking of applying to law school. Those people need all of the information that they can get their hands on so that they’re able to make an intelligent decision when choosing a law school.

Unfortunately, there doesn’t seem to be a way to discern the actual debt loads that recent law school graduates are carrying, if only because law schools have been misreporting the average indebtedness of graduating students to both the American Bar Association and U.S. News and World Report.

Which law schools are guilty of this committing practice? The ABA claims that administrators from “a number” of schools have contacted the organization in order to correct their information about loan debt….

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The old ball and chain.

Of the many things we’ve spoken about when it comes to student loan debt, romance and dating generally hasn’t been one of them. You probably never thought that your student loans would be both financially and romantically ruinous, but as it turns out, young adults aren’t keen on getting into bed with six-figures of debt every night.

Sure, you may never be able to buy a house, but you already knew that — after all, you’ve already got a mortgage on your education. That being said, it might take a while to find that special someone to rent with for the foreseeable future. Or hell, let’s be a little more realistic: you might be living with your parents. Do you really feel comfortable bringing home dates to a room filled with stuffed animals or high school football trophies?

If you feel like your love life is becoming a parodic version of that Carly Rae Jepsen song (Hey, I just met you / And this is crazy / But you’ve got loan debt / Lose my number, maybe?), fear not, because you’re not alone….

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* Speaking on the condition of anonymity, one Supreme Court justice thinks that things will be back to normal at One First Street come the start of the next term, despite his colleagues’ loose lips. [National Law Journal]

* Hourly billing rates for associate are on the rise nationwide, while partner and counsel billing rates only saw modest bumps. Is Biglaw back in business, or is this just another “retention strategy”? [New York Law Journal]

* This is a really hard to believe newspaper headline: “Law firm recognizes employees have life outside of work.” Carlton Fields, what kind of gypsy voodoo magic spells are you casting? [South Florida Sun-Sentinel]

* Another day, another editorial about the “irretrievably broken” state of legal education in our country. But the ABA admins needn’t worry their oblivious little heads, because people will keep applying. [New York Times]

* And in today’s disturbing law school debtor news, Jason Bohn’s charge was upgraded to first-degree murder after a DA announced via indictment that Bohn allegedly intended to torture his victim. [New York Post]

* “Quite frankly, these are the actions of a dirty old man.” You can look, but never lick: it’s not really a good thing when a judge uses a sentence like this to describe an attorney’s alleged client relations skills. [CBS News]

* For it’s one, two, three strikes you’re out at the old ball fraud game. Lenny Dykstra pleaded guilty to bankruptcy fraud among a potpourri of other felony counts, and he’ll now face up to 20 years in prison. [CNN]


Judge Bruce Markell

Were there ever a time to use “fail,” as the contemporary vernacular permits, it is now, and in reference to this deplorable display of legal representation: it was an epic fail.

– Judge Bruce Markell, in a recent opinion in a Las Vegas Chapter 13 bankruptcy proceeding, which concluded that the debtors’ attorneys, Barry Levinson and Jeremy Mondejar, should be sanctioned for their ineffective representation.

(What did these Cooley Law graduates allegedly do to irk Judge Markell in this way? Take a look, after the jump.)

double red triangle arrows Continue reading “Benchslap of the Day: A Cooley Law Grad’s ‘Epic Fail’ in Court”

* Someone figured out exactly what’s on every nerdy lawyer’s holiday wish list: an iPhone app for PACER. Get it while it’s hot — it’s free! [iTunes App Store]

* The First Amendment will always reign supreme, even if people are harassing religious old ladies on the Twitter. [Underdog]

* Legalizing same-sex marriage is like eating your vegetables. You might not like it, but it’s good for your health. [Jezebel]

* This is quite possibly the worst “bitch owed me money” story ever. What kind of a person sets a grandma on fire? In an elevator? [TIME]

* Thanks to technological innovations, friending people online might soon carry more meaning than friending them in real life. [What About Clients?]

* Go ahead, get up and tweet about the location of DUI checkpoints. Just make sure you take those 12 steps back to your seat when you’re done. [Legal Blog Watch]

* My birthday is on Wednesday. If you want to give me a present, you can vote for Above the Law in the ABA Journal’s Blawg 100, under the “News” category. [ABA Journal]

Honestly, 'convert or be eaten' wouldn't have been a hard choice for me.

There are some debtors who go to such lengths to escape their obligations that you have to wonder what kind of person lent them money in the first place.

Today we’ve got an expedited motion to vacate. It’s filed by an attorney, representing the debtor, who seems mad — both mad as in “angry,” and “mad” as in “bats**t crazy pants.” She’s mad at the lender, and she’s mad at the judge.

But mostly, she’s mad at Catholics. Dirty, dirty Catholics….

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