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The Supreme Court issued a second opinion arising from the seemingly endless litigation over claims against the estate of the late Pierce Marshall (Anna Nicole’s elderly husband of one year before his death).  In this 5-4 split opinion released yesterday (June 23, 2011), the Supreme Court significantly limited the scope of Bankruptcy Courts’ jurisdiction to [...]

Filing chapter 7 bankruptcy allows you eliminate your financial problems by reselling the non-exempt property and using the money to repay the debt amounts. According to chapter 7 laws, you need to handover your non-exempt asset to the court appointed trustee. Then the trustee trades these assets to pay the money you owe. For filing [...]

On Wednesday, two related companies – Stellar GT TIC LLC and VFF TIC LLC – voluntarily filed for chapter 11 protection in the bankruptcy court in Greenbelt, Maryland with a pre-negotiated plan of reorganization.  The companies own an 891-unit multi-family high rise property (consisting of two 14-story apartment buildings) located at 8750 Georgia Avenue in [...]

One of the most stressful aspects of being in debt is the constant phone calls from creditors, especially when those calls come at inopportune times (such as late at night) or at inopportune places (such as at your job). To make matters worse, occasionally these calls can be harassing or even abusive in nature. On [...]

I have noticed a trend lately that Chapter 7 bankruptcy trustees have been asking to see the signed ECF Declaration at the 341 meeting of creditors.  This is not an item that is listed as required on the Form B9A for presentation at the meeting.  Further, this is a filed document that trustees can access [...]