Bankruptcy Blogs

The Broke and the Beautiful: Los Angeles Dodgers Edition

11/04/11

This week on The Broke and the Beautiful, it looks like the Los Angeles Dodgers are stepping up to be sold, and former outfielder Lenny Dysktra’s going for a knockout. Also this week, another of Bravos’ “Real Housewives” has some bankruptcy-court drama, and the newest James Bond movie has started filming nearly a year after Metro-Goldwyn-Myer Inc. filed for bankruptcy.

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Short Sales, Cancelled Debt, Taxes and Bankruptcy

11/04/11

The latest recession has spawned a whole industry of websites crowing about how to properly deal with too much debt.  For example, if your house is worth less than what you owe on your mortgage, perhaps a website will promise to negotiate a short sale–that is, the lender will accept less than the pay-off but [...]

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Maker of Jay-Z’s Rocawear Dragged Into ‘Real Housewife’ Bankruptcy Drama

11/04/11
Associated Press
In this photo provided by NBC Universal, from left, Dina Manzo, Teresa Giudice, Caroline Manzo and Jacqueline Laurita from “The Real Housewives of New Jersey” appear on the “Tod
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Chapter 7 Bankruptcy Leads To Financial Success For Hard-Working Couple

11/04/11

People are afraid of filing bankruptcy. Most of my bankruptcy clients are worried about the effect of bankruptcy on their future, and they think they may never recover financially. Consider this true story.

Five years ago I filed bankruptcy for a married couple. The husband had been fired by a a national corporation where he had earned a six figure income for many years. The wife worked for a local home decorating firm.

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Ten Things to Consider When Talking To Debt Collectors

11/04/11

No one enjoys repeated phone calls from mysterious numbers with voice messages containing the following: “we are calling to discuss an important business matter concerning [you!]” .  There are a few things to know when speaking to a debt collector that can help you understand your rights and their motivations. 1. Debt collectors are not [...]

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MF Global company headed by former New Jersey Governor Jon Corzine files bankruptcy owing billions.

11/04/11

MF Global filed bankruptcy amid allegations of misconduct followed shortly by the resignation of former New Jersey Governor and U.S. Senator from his Chairman and CEO position at MF Global. The former Goldman Sachs executive could not save a troubled business that owes more than a billion dollar to Chase, about a billion to Deutsche [...]

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The Daily Docket: Corzine Resigns

11/04/11

MF Global Holdings Ltd. Chief Executive Jon Corzine has resigned and will not try to get severance, Dow Jones Newswires reports.

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Auditor PwC Should Have Been on Top of MF Global

11/04/11

If MF Global commingled client funds, it would be PwC's fault as much as Jon Corzine's.

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Never Mind Eupdate, Greek Referendum Edition

11/03/11

No more referendum. Still my candidate for the most important moment in this crisis. The possibility of a referendum, and of exiting the Euro, stays on the table -- as well it should. The persistent fog in Europe's Plan A, and the palpable absence of anything resembling Plan B, are chilling.

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Which Bankruptcy Is Best?

11/03/11

Texas bankruptcy filings have shifted quite a bit over the last year. The number of Chapter 13 bankruptcy cases has increased, while the number of Chapter 7 cases has decreased. Although some of these differences could be attributable to tightening of the qualification standards for Chapter 7, many people are finding themselves financially able to [...]

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