What happens if a debtor fails the Chapter 7 Bankruptcy means test?
If you are considering declaring bankruptcy or have reached the point where you are going to declare bankruptcy, you may be wondering what type of bankruptcy is appropriate for you. There are two main...
View ArticleHow the Bankruptcy Double Standard Hurts Consumers
A recent article from The New Yorker highlights a troubling disparity in the way we view bankruptcy and loan restructuring in general in this country. As was evidenced in the recent bankruptcy filing...
View ArticleSandwich Chain Quiznos Avoids Bankruptcy
News outlets have reported in recent weeks how the recession hit Denver-based sandwich chain Quiznos. In fact, until recently, many sources assumed Quiznos would opt for bankruptcy protection to...
View ArticleResCap Files For Bankruptcy, Eyes Paying Back Taxpayer Bailout Money
Ally Financial Inc’s mortgage unit, named Residential Capital (ResCap for short), filed for bankruptcy on Monday, according to Reuters. Ally Financial is the former lending organization for General...
View ArticleCan a Creditor Buy and Sell a Claim in Bankruptcy?
Creditors Ledger, Holmes McDougall (Photo credit: edinburghcityofprint) A “claim” in bankruptcy terms is defined in section 101 (5) of the Bankruptcy Code as “a right to payment, or right to equitable...
View ArticleFrom Bankruptcy Frying Pan Into Fire or You Can’t Fix Stupid
bankruptcy notice #8531 (Photo credit: Nemos great uncle) To file for bankruptcy protection is a Constitutional right of any American citizen. Congress was empowered by the Constitution to legislate...
View ArticleNot Your Average Saab Story: From Bankruptcy To An Electric Future
In late 2011 Saab, the Swedish automobile manufacturer, filed for bankruptcy after 61 years of business. According to Reuters, a Chinese born-Swedish investor has agreed to purchase the stagnant car...
View ArticleFormer MLB Slugger Jose Canseco Files For Chapter 7 Bankruptcy
One of the most controversial baseball players to ever play the game has filed for bankruptcy, according to ESPN. Jose Canseco, recently known for his outlandish behavior and outspoken nature, has...
View ArticleHead Football Coach of Arkansas Considering Bankruptcy
Bankruptcy is not a respecter of persons. Bankruptcy can happen to the rich, the poor, those in higher standings, those in lower standings, those with good financial heads, and those with poor heads...
View ArticleGovernment Backed Battery Maker Files Bankruptcy
By Bob Negele A123 Systems Inc., a car battery manufacturer which received nearly a quarter billion dollars in federal grants, has filed for bankruptcy. According to a report in the Chicago Tribune,...
View ArticleCasey Anthony Files For Chapter 7 Bankruptcy
Coincidence or not? The same day 2 of Casey Anthony’s 4 convictions are thrown out by the court, she files for Chapter 7 bankruptcy in Tampa, Florida. Although Anthony was acquitted of the murder of...
View ArticleUnderstanding Bankruptcy and How to Avoid It
When facing with a significant debt issue and financial crisis, an individual or a business proprietor may consider filing for bankruptcy. This option gives a borrower the opportunity to be dismissed...
View ArticleHow Soon Can I Get a Mortgage After Bankruptcy?
Back in 2011 I wrote, Steps To Home Ownership After Bankruptcy. This question continues to grab the attention of the media and just yesterday, I read this article, which supports my assertions that...
View Article‘Titanic’ digital production company files for bankruptcy
The digital production company that created the visual effects for Titanic has filed for Chapter 11 bankruptcy less than a year after going public. The company, Digital Domain Media Group, Inc., was...
View ArticleSeeking a Loan Modification During Chapter 13 Bankruptcy; Now Easier to Achieve
Life happens during every Chapter 13 Bankruptcy case. These cases remain open for three to five years requiring that counsel to perform ongoing work in their cases. Full article…
View ArticleMusician Sly Stone Fights With Former Manager in Bankruptcy Court
A contentious relationship between musician Sly Stone and his former manager, Jerry Goldstein, has grown even more heated thanks to a recent bankruptcy filing, according to a report from the Wall...
View ArticlePop Singer Toni Braxton Reaches Deal to Exit Bankruptcy Court
After more than two years of legal wrangling, pop star Toni Braxton has reportedly reached a deal to wrap up her bankruptcy filing, according to the San Francisco Chronicle. Braxton originally filed...
View ArticleHow Soon Can I Get a Mortgage After Bankruptcy?
Back in 2011 I wrote, Steps To Home Ownership After Bankruptcy. This question continues to grab the attention of the media and just yesterday, I read this article, which supports my assertions that...
View ArticleActress Kelly Rutherford Files for Bankruptcy in Midst of Divorce
Actress Kelly Rutherford, who is embroiled in a very public custody battle with her former husband, Daniel Giersch, is filing for personal bankruptcy, according to a report from CBS News. Sources say...
View ArticleFisker Bankruptcy on the Fast Track
Instead of opening their factory in the old General Motors plant in Delaware, the plug-in hybrid automaker, Fisker, found itself in bankruptcy in November and things are moving at a rapid pace....
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