News Topic: bankruptcy law

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One of the main benefits sought in bankruptcy is the discharge. In most cases a petitioner will need to fulfill the terms of the bankruptcy before being eligible for a discharge. There are numerous requirements debtors must fulfill before being eligible ... Read full article

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The stagnant economy and depressed housing market has created a huge financial burden for millions of Americans. Many Americans are unemployed and having a difficult time keeping up with their debt obligations. Furthermore, declining home values are ... Read full article

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A Chapter 7 bankruptcy may provide a person inundated with debt some relief. A Chapter 7 bankruptcy gives the debtor an opportunity to liquidate certain assets in exchange for a discharge from debts owed. Creditors included in the bankruptcy will be ... Read full article

Just days after the Justice Department filed an appeal of a ruling declaring the federal ban on gay marriage unconstitutional, lawyers for a same-sex couple at the center of a bankruptcy dispute upped the ante by asking the Ninth U.S. Circuit Court of ... Read full article

Lehman Brothers Holdings Inc. early Wednesday filed a revised plan to repay creditors that has much broader support than its previous proposals and could result in other parties withdrawing their rival plans and a final deal being confirmed by the court ... Read full article

A California bankruptcy court Monday ruled that the Defense of Marriage Act violates the equal-protection guarantee of the U.S. Constitution. In a decision Monday signed in Los Angeles by 20 judges of the U.S. Bankruptcy Court for the Central District of ... Read full article

You will not lose your home if you file a bankruptcy case. It is Federal law that allows you to file bankruptcy to handle your financial matters. I sometimes hear about a person whose employer has threatened to terminate someone for filing bankruptcy. The ... Read full article