How Much Control Do Bankrupt Dodgers Have Over Baseball Decisions? Not long ago, the Los Angeles Dodgers filed for bankruptcy. This move was controversial, and concerned many baseball fans. As sports fans are well aware, good players demand high ... Read full article
Some Believe Bankruptcy Laws Exacerbated Housing Market Crisis in Arizona Could laws changing the requirements for filing bankruptcy worsen or even cause the housing crisis we have seen in the United States over the last three years? Some believe so, ... Read full article
When Your Employer Files Bankruptcy… In today’s economic climate, it’s not enough to be careful with your own finances – you may face the bankruptcy of your employer. Then what? Does your employer have to continue to pay you, and give you health and ... Read full article
Paying back debts after bankruptcy Filing for bankruptcy eliminates your personal liability for debts. Once you receive the discharge order from the court none of your creditors can come after you for what you previously owed. This is the law, creditors ... Read full article
Debts discharged in bankruptcy do not trigger tax liability Most everyone knows that filing for bankruptcy eliminates credit card debt, medical bills and other unsecured loans. However, a significant benefit of filing, that is rarely discussed, are the tax ... Read full article
The Automatic Stay in Bankruptcy Those who find themselves struggling financially are often the unfortunate victims of creditor harassment and incessant phone calls. The calls can get so bad that families are often forced to leave their phone off the hook ... Read full article
What is a Lien strip? A Lien strip is possible only in a Chapter 13 bankruptcy and only if the fair market value of the property is less than the total amount of money due on the first mortgage. In that case a second and third mortgage if any can be ... Read full article
Small Business Debts & Bankruptcy Your business is in trouble and you want to know whether filing personal bankruptcy is necessary or whether you can just walk away without fear of your creditors chasing behind you. First thing first, identify whether ... Read full article
In re: Rankin, No. 10-62340-13 (Bankr. D. Mont., January 21, 2011). When you file for Chapter 13 bankruptcy, you propose to the bankruptcy court your plan to repay what you owe to your creditors. There are many requirements that each plan must meet in ... Read full article
Is Credit Counseling a Step in the Right Direction? Credit counseling most often involves consolidating outstanding debts as much as possible and then developing a negotiated repayment plan for a reduced payment over time to all of your creditors. Credit ... Read full article
Bankruptcy Lawbooks ... Read full article
Judge Jed S. Rakoff last week largely sided with Fred Wilpon and Saul Katz, the owners of the New York Mets , and their families and affiliated enterprises (the “Wilpon/Katz Group”) on their motion to dismiss the adversary proceeding brought by Irving ... Read full article
Bankruptcy is rising but filings are falling! Why? ... Read full article
Will I Lose My Job if I File for Bankruptcy? It is prohibited under the bankruptcy code for a person to be fired because they have filed bankruptcy. Now, I have never in my years had a client complain that they were let go because the employer ... Read full article
The Limits of Bankruptcy Relief Under the right circumstances, filing for bankruptcy can provide great relief to a family or an individual struggling with debt. Assuming you qualify, chapter 7 bankruptcy can completely eliminate credit card debt, medical ... Read full article
Jefferson County, Alabama, has been on the brink of bankruptcy for months now. The County Commission voted recently to hire two bankruptcy attorneys to handle a potential filing, and has projected that a Chapter 9 filing would cost the county about 1 ... Read full article
