News Topic: BankruptcyQuestionsNationalBankruptcyForum

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

Federal Position Shifts on Same-Sex Joint Bankruptcy Filings The Associated Press published an article July 8, 2011 stating “Federal officials no longer plan to contest joint bankruptcy pleadings brought by legally married same-sex couples…” the article ... Read full article

How do you know when it’s the right time to file bankruptcy?  Should you continue to make minimum payments and tread water?  Should you throw in the towel and demand a fresh start provided for in the U.S. Constitution in the way of bankruptcy protection?  ... Read full article

Although bankruptcy filings by sports teams have been historically rare, a recent smattering of filings have turned into a trend.  The Los Angeles Dodgers have recently joined the Phoenix Coyotes, the Chicago Cubs, the Texas Rangers and several other ... Read full article

Whether a debtor files Chapter 7 or Chapter 13, her bankruptcy should have no effect on an already completed loan modification, whether the homeowner is making payments under a trial modification or a permanent one as long as the homeowner continues to ... Read full article

Most people don’t realize that filing bankruptcy can stop a garnishment. The conventional thinking is, “Well, they got the judgment in court, so nothing I can do”. Nothing can be further from the truth. Bankruptcy can and will stop the garnishment, even ... Read full article

A bankruptcy discharge is one of the most common reasons for filing for bankruptcy.  A discharge releases you from personal liability for debts that qualify under federal law.  It is a permanent order granted by a bankruptcy court.  Any debts you ... Read full article

If you are like most people, you may think that there is not a significant difference between bankruptcy lawyers.  You may only be factoring in the fees that attorneys charge when making a hiring decision.  Worse yet, you may be solely relying on location ... Read full article

Can I File Bankruptcy Twice? Bankruptcy is a delicate legal process requiring skill and experience in order to avoid the many pitfalls inherent in the legal process. To get you through the process and navigate smoothly through the world of bankruptcy, you ... Read full article

If your vehicle has been repossessed and not yet sold an auction, I may very well be able to help you get that vehicle back. Under Chapter 13 bankruptcy laws, that vehicle is still yours until such time that it is sold at auction. That means that the ... Read full article

Follow @Chapter11Cases Borders Group, Inc. (BGPIQ.PK) announced this afternoon that “it did not require” the auction which was scheduled for tomorrow afternoon because it did not receive a “formal proposal from a going concern bidder.”  The company had ... Read full article

Follow @Chapter11Cases In its court filing this afternoon formally announcing the cancellation of tomorrow’s auction, Borders Group, Inc. disclosed that it “received a bid from a non-insider to purchase the inventory, furniture, fixtures, equipment and ... Read full article

Judge Kevin Gross of the Delaware bankruptcy court entered an order last week setting the deadline (or bar date) for creditors of the Perkins & Marie Callender’s restaurant companies (full list of corporate entity names included below) to file proofs ... Read full article

Millions of tickets are dolled out every year, not to mention government penalties and fines.  Government tickets and fines are one of the most common forms of debt.  Can these be discharged through a bankruptcy filing?  In Chapter 7 bankruptcy, section ... Read full article

When a business or consumer needs to file for bankruptcy, they’re often wondering: how much does bankruptcy cost? This shouldn’t come as a big surprise. After all, those facing financial hardship are counting every penny and relatively high attorney’s fees ... Read full article

 There are so many lawyers who can file a bankruptcy for you in Schaumburg.  How in the world can you make a good selection?  The answer is simple.  You must do your homework.  Check out the various websites; call the office and talk with an attorney; make ... Read full article

I already gave up the house, why am I being billed by my HOA? As bankruptcy attorneys, we are all hearing this complaint from clients with increasing frequency these days. As counter intuitive as it may seem, we are today often asking mortgage lenders to ... Read full article

According to a New York Times story that broke just minutes ago, former Ohio Attorney General, Richard Cordray has been chosen to head the Consumer Financial Protection Bureau (CFPB). Mr. Cordray came to national attention for his aggressive investigations ... Read full article