bankruptcy law

The Daily Docket: Alabama Says Munis Can Enter Bankruptcy

04/23/12

Alabama’s top court ruled that the state’s struggling cities and counties have the power to file for Chapter 9 bankruptcy protection, a decision that largely frees the state’s most populous metropolitan area to move ahead with its five-month-old bankruptcy case. Read the Daily Bankruptcy Review article here.

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Virginia Bankruptcy Exemptions

04/21/12

“What will they take?”

When you file a Chapter 7 bankruptcy, the Chapter 7 trustee can take and sell your non-exempt assets.  (The proceeds are used to pay your creditors.)

Most people don’t have “non-exempt” assets, so the trustee doesn’t take and sell anything.  But that happy result often requires careful planning and detailed knowledge of exemption law.

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Bankruptcy Leaders Call for Chapter 11 Overhaul

04/19/12
Getty Images

In the era of the iPhone, businesses that are struggling to survive turn to a bankruptcy process that was invented during the time of typewriters.

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The Daily Docket: Geithner to Answer Lehman Questions

03/21/12

Lawyers for Treasury Secretary Timothy Geithner said he will respond to questions from Lehman Brothers Holdings Inc.’s creditors over allegations that J.P. Morgan Chase & Co. illegally siphoned billions of dollars from the collapsing investment bank in the days before it filed for the largest bankruptcy in U.S. history. Read the Daily Bankruptcy Review story here.

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Is MF Global a Deadbeat Dad?

03/06/12
Reuters

Just what kind of parent is MF Global Holdings Ltd.? To one customer in the commodities firm’s bankruptcy case, the answer is essentially “deadbeat.”

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Inmates Seek to Advance Lawsuit Against Jefferson County

02/08/12
Bloomberg News
Three inmates share a cell designed for one person at the Jefferson County Jail in Birmingham on Oct.
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Can Your Financial Choices Lead to Divorce and Bankruptcy in Arizona

01/13/12

Joint Accounts for Married Couples:  Can Your Financial Choices Lead to Divorce and Bankruptcy? Several surveys report that the majority of married couples put all of their money in joint accounts.  However, that number is less than it used to be, and there are several other options available to married couples. Some couples choose to [...]

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How A Tampa Bankruptcy Attorney Can Help Debtors Prepare A Satisfactory Chapter 13 Payment Plan

12/22/11

If you are overwhelmed with debt filing for bankruptcy may provide some relief. Bankruptcy can allow a debtor to restructure his debt and regain financial health. Typically, there are two types of bankruptcy available to a debtor, Chapter 7 and Chapter 13. The requirements and benefits offered by the two types of bankruptcy differ greatly. [...]

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