bankruptcy

Clients are always concerned about their credit score.  It is not unusual for the question “How will bankruptcy affect my credit score?” to be the first thing that comes out of someone’s mouth when they consider bankruptcy as an option.  Although bankruptcy does have an effect on your credit, the effect may not be as [...]

In a high-profile example of the bankruptcy court’s discretion over your bankruptcy case, former TLC member T-Boz, whose real name is Tionne Watkins, was thrown out of bankruptcy court.  Can this happen to you? T-Boz had filed a personal Chapter 13 bankruptcy, claiming more than $750,000 in debts to various creditors.  But instead of granting [...]

Am I Protected by Arizona’s Anti-Deficiency Law After Foreclosure? When most families purchase a home, they don’t envision ending up facing a foreclosure sale, but in states like Arizona where the housing market has been particularly hard hit, foreclosure is an all too common event. In cases where a home has plummeted in value, borrowers [...]

At the end of the day, Picard really did not have a case, but there was no way that Wilpon and Katz could risk a trial.  It looks to be a fair and reasonable outcome. 

http://espn.go.com/new-york/mlb/story/_/id/7708498/new-york-mets-settle-madoff-trustee-162-million

Reaffirmation Agreements in Bankruptcy Although most consumers file bankruptcy, eliminate their debts and don’t look back, some find it more convenient to keep paying on loans that were in place prior to their bankruptcy. Some go as far as to renew their obligation to pay loans that would have been discharged in bankruptcy. This is [...]