bankruptcy

Chapter 13 Bankruptcy and Tax Returns Chapter 13 bankruptcy is often called a “wage earners plan,”  meaning debtors need steady income in order to fund a court supervised repayment plan. The repayment plan involves paying back a percentage of debts to creditors over a period of between 3-5 years. Often, unsecured debts such as credit [...]

Bankruptcy has had a bad reputation over the decades for some good and some bad reasons. The good reasons f

Now that the economy is no longer an issue, we have to turn to a new topic- "The Economy", but a different sense of the economy - YOUR econ

At a recent meeting of our Chapter 13 Committee meeting, a group of Bay Area bankruptcy attorneys who meet monthly to discuss recent developments in consumer bankruptcy law, a lively discussion erupted among a group of 40-50 local practitioners over Bay Area Chapter 7 panel trustees’ increased reliance upon lengthy questionnaires and blanket document requests [...]

Fred Wilpon, Saul Katz, and their families and affiliated enterprises (the “Wilpon/Katz Group”) last week formally requested the dismissal of the adversary proceeding commenced by Irving Picard, the trustee of Bernard L. Madoff Investment Securities LLC (“BLMIS”). In a two hour hearing before U.S.