Bankruptcy Blogs

How to Pay Down Credit Card Debt and Avoid Bankruptcy

02/29/12

Follow These Steps to Pay Down Your Credit Card Debt Perhaps like many Americans your New Year’s resolution involves paying down credit card debt. After all, even the most ardent supporter of the plastic hears that little voice in the back of their head “credit card interest rates are a huge ripoff, I shouldn’t use [...]

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Inherited IRA Protected Under Section 522(d)(12)

02/29/12
Joining the majority position, U.S. District Judge Walter Smith has ruled that inherited IRA accounts may be exempted as "retirement funds" under 11 U.S.C. Sec. 522(d)(12). Hill v. Studensky, No. W-11-CA-00214 (W.D. Tex. 2/22/12), which can be found here. (PACER registration required).
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What Bankers Can Learn from Organic Farmers

02/29/12

Banks can improve their public relations strategy by applying lessons from the organic farming industry, which has averaged 13.6 percent annual sales growth during the past five years.

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Court Rules Collection Letter to Deceased Co-Borrower Did Not Violate Automatic Stay

02/29/12

Bankruptcy Debtors Shielded From Collection Activity If you’ve spent any time reading National Bankruptcy Forum, you know that once a bankruptcy case is filed creditors are prohibited from contacting the debtor. Thanks to a powerful court-ordered injunction known as the automatic stay, consumers who elect to file for bankruptcy are given an opportunity to catch [...]

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Kodak Aims to Drop PGA Tour Agreement

02/29/12
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Eastman Kodak Co.’s bankruptcy has a new casualty: its partnership with the PGA Tour.

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Reaffirmation Agreements for Multiple Mortgages Approved by Ohio Court

02/29/12

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 [...]

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The Daily Docket: Trump to Buy Doral

02/29/12

A company controlled by real-estate mogul Donald Trump is set to buy the Doral Golf Resort & Spa in Miami out of Chapter 11 protection and prepare it for a massive renovation after no other bidders stepped up to challenge its $150 million offer for the iconic resort. Read the Daily Bankruptcy Review article here.

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Mortgage Modification Or Chapter 13 Bankruptcy: Which Comes First?

02/29/12

Some of my bankruptcy  clients are considering Chapter 13 bankruptcy to save their homes and strip off a second mortgage. These people are simultaneously investigating a modification of their first mortgage through one of the mortgage modification programs offered by their mortgage lender and the government’s mortgage initiatives. The clients are unsure whether they should file Chapter 13 and negotiate a mortgage modification in Chapter 13 mortgage mediation, or to fully explore a modification program before filing bankruptcy.

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