Bankruptcy Blogs

What is a judgment? Can bankruptcy help?

05/05/12

A judgment is a legal determination that you owe a debt A judgment is really just a piece of paper signed by a judge that says you owe a debt. For example, in the event you can’t pay a credit card on time, the bank has no immediate recourse. They can call and write, but [...]

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Bankruptcy Treatment Of LLC Membership Interests

05/04/12

A debtor’s LLC membership interest is treated differently in state court collection proceedings than it is in bankruptcy. In state court collections a judgment creditor’s remedy to execute a judgment against a multi-member LLC is limited to a charging lien. The lien gives the creditor a right to receive any distributions of money or property from the LLC to the debtor member.

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Can I meet with a bankruptcy attorney and not file for bankruptcy?

05/04/12

Meeting with an attorney does not mean that you’re obligated to file for bankruptcy Meeting with a bankruptcy attorney means that you are interested in exploring your options for dealing with debt. It does not mean that you are going to file bankruptcy or that you have failed financially. To the contrary, the business world [...]

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Can I meet with a bankruptcy attorney and not file for bankruptcy?

05/04/12

Meeting with an attorney does not mean that you’re obligated to file for bankruptcy Meeting with a bankruptcy attorney means that you are interested in exploring your options for dealing with debt. It does not mean that you are going to file bankruptcy or that you have failed financially. To the contrary, the business world [...]

[more]

The Broke and the Beautiful: Octuplet Edition

05/04/12

This week on The Broke and the Beautiful, “Octomom” Nadya Suleman hatches a Chapter 7 bankruptcy petition, and Sonya Dakar has taken both her skincare company and herself to bankruptcy court. Also this week, the Los Angeles Dodgers sale is complete.

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Debtor In Possession: Colorado Pot Grower Files for Bankruptcy

05/04/12
Reuters

Whatever its destiny, the future is most certainly hazy for a Colorado pot farm that recently filed for bankruptcy protection.

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Reaffirmations and the “Ride-Through” in EDNC

05/04/12

On February 22, 2012, the Court issued the In re:  Bowden decision.  The Bowden decision will affect the way attorneys and their clients approach reaffirmation agreements in the Eastern District of North Carolina (EDNC).

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The Daily Docket: Hawker Enters Bankruptcy

05/04/12

Aircraft manufacturer Hawker Beechcraft Inc. sought bankruptcy protection Thursday, after striking a deal with creditors to swap some $2 billion in debt for control of the reorganized company. Read the Daily Bankruptcy Review article via The Wall Street Journal.

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