Bankruptcy

Blog Posts

  • Read Issue #124 of Our Bankruptcy & Restructuring Newsletter June 23, 2017 Check out our latest issue (issue #124) of our exclusive bankruptcy & restructuring newsletter, which was just released today. You can find it and sign up to receive future issues directly by email by visiting:…
  • Google & Me June 23, 2017 Google and BankruptcyInBrief share a birthday, I've learned. I'm sure you saw the similarities in a flash. The Mercury News reports that Google was founded in 1998, the same year I bought a book and set out to make a web site about bankruptcy. I knew…
  • 5 Ways to Stop Creditor Harassment June 23, 2017 Do any of the following situations sound familiar? Do you have creditors breathing down your neck, constantly applying pressure on you for payment? Are you at the point where you have stopped answering the phone, hoping the important callers will…
  • Unfair Loan Modification Practices Rejected By 9th Circuit June 23, 2017 Promising a loan modification and failing to deliver, after pocketing trial mod payments, isn't fair, said the 9th Circuit in Oskoui. And if it isn't fair, it can be actionable under California's Unfair Competition Law (B&P 17200). Not to…
  • News Headlines for Jun 23, 2017 June 23, 2017 Sears Canada to close stores, cut jobs in restructuring ,J. Crew Lenders File New Suit Over Transfer of Trademark Assets ,Sears Canada Seeks Creditor Protection to Pursue Restructuring Plan ,Berkshire Hathaway Invests in Embattled Lender Home Capital…
  • Understanding Tax Liens and Bankruptcy June 23, 2017 Eliminating certain types of debt through a discharge is one of the hallmarks of the bankruptcy process. A debt discharge will eliminate your personal obligation to pay a debt, which can free resources and provide the financial fresh start you need…
  • New Bankruptcy Cases & Adversary Proceedings for Jun 23, 2017 June 23, 2017 The following list is a sample of the bankruptcy cases and adversary proceedings that have been filed over the past twenty-four hours in selected bankruptcy courts nationwide: U.S. Bankruptcy Court for the Middle District of Alabama U.S. Bankruptcy…
  • Who Determines Household Size for Filing Bankruptcy In Florida? June 22, 2017 The word "household" appears in over a dozen sections of the Bankruptcy Code, but it is not defined in the Code. Household income and size are extremely important in bankruptcy and determine whether someone qualifies for a Chapter 7 or the length and…
  • Second Circuit Holds that Contingent Equity-Based Compensation of Former Lehman Employees are Subordinate to Creditor Claims June 22, 2017 In In re Lehman Bros. Holdings Inc. 855 F.3d 459 (2d Cir. 2017), the United States Court of Appeals for the Second Circuit affirmed a district court order subordinating the claims of former Lehman Bros. ("Lehman") employees for undelivered…
  • Read Issue #123 of Our Bankruptcy & Restructuring Newsletter June 22, 2017 Check out our latest issue (issue #123) of our exclusive bankruptcy & restructuring newsletter, which was just released today. You can find it and sign up to receive future issues directly by email by visiting:…
  • Revoking Consent to Call Your Cell Phone June 22, 2017 Florida, Georgia and Alabama consumers need not worry about a recent case out of the Second Circuit, Reyes v. Lincoln Automotive Financial Services, (2nd Cir. June 22, 2017) that held today that if the contract allows for robocalls, you can never…
  • Supreme Court Knocks a Hole in the Fair Debt Collection Practices Act June 22, 2017 Supreme Court Knocks a Hole in the Fair Debt Collection Practices Act On June 12, 2017, the Supreme Court knocked a hole in consumers' rights under the Fair Debt Collection Practices Act. Starting now, debt buyers, like Midland, Portfolio Recovery,…
  • Divorcing Later in Life June 22, 2017 With approximately 44 percent of Americans going through a divorce at some point, millions of people in this country must make the often difficult transition from married to single. This adjustment is rarely easy, and the longer a couple is married,…
  • What Not To Do During The Bankruptcy Process in Minnesota June 22, 2017 When you enter into the Bankruptcy Process in Minnesota, or in any state, you should avoid making these common mistakes. Working with a bankruptcy attorney, if you are open and honest and trust your lawyer, will generally ensure you don't…
  • News Headlines for Jun 22, 2017 June 22, 2017 Sears Canada preparing to seek creditor protection – source ,Sears Canada Plunges After It's Said to Near Creditor Protection
  • New Bankruptcy Cases & Adversary Proceedings for Jun 22, 2017 June 22, 2017 The following list is a sample of the bankruptcy cases and adversary proceedings that have been filed over the past twenty-four hours in selected bankruptcy courts nationwide: U.S. Bankruptcy Court for the Middle District of Alabama U.S. Bankruptcy…
  • Credit Repair Strategies June 21, 2017 Repairing your credit score after a bankruptcy takes both time and sincere effort on your part. You might come across hoards of quick-fix methods for improving your credit score that is most likely to backfire. It is therefore essential for you to…
  • 341 Meeting of Creditors June 21, 2017 Regardless of whether you file for a chapter 7 bankruptcy or a chapter 13, you will be required to attend the 341 hearing or a meeting of the creditors that is convened inside a courtroom but is not technically a court hearing. The 341 meeting of…
  • Wells Fargo in Trouble Again – June 21, 2017 According to an article in USA Today "Wells Fargo faces new accusations that it tried to capitalize financially on its customers without their permission — this time by allegedly modifying mortgage terms for people who had filed for bankruptcy…
  • Bankruptcy Discharge June 21, 2017 When you file for a bankruptcy, you are no longer liable for a part or all of your debts, and don't have to pay your creditors anything. Plus, third parties or debt collectors cannot approach you anymore. The formal term used for this is a bankruptcy…