Bankruptcy Blogs

Bankruptcy Filing: Some Tax Consequences

07/09/11

If I received a 1099 from a Creditor After My Bankruptcy Case is Completed:  Is this Taxable Income? I’m often asked this question by my clients around tax-time as to what effect does their bankruptcy have, if any, on their income taxes.    The exact question is whether or not debts discharged (forgiven) in a bankruptcy [...]

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I filed bankruptcy and they are still calling! When do we sue?

07/09/11


When you file bankruptcy, your creditors are required to leave you alone.

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Nevada Supreme Court: You Gotta Prove Chain of Title

07/08/11

A pair of very interesting foreclosure rulings were handed down today by the Nevada Supreme Court. They provide further evidence that documentation problems are rife in the mortgage industry, including documents showing chain of title. They also provide another example of a state supreme court demanding proof of valid chain of title before permitting foreclosure.  

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Relying on Disclosure When it is Least Likely to Matter

07/08/11

I’ve argued in my posts so far that transparency in property/casualty insurance markets is woefully inadequate.  Transparency, however, is not always a particularly good solution to a regulatory problem. The most visible controversy in the property/casualty insurance industry in the last decade illustrates this point nicely.  

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NFL Lockout Blamed for Georgia Gym’s Bankruptcy

07/08/11
Associated Press
Jeff Pash, executive vice president and general counsel for the NFL, talks with the media in Washington on March 11.
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Spiegel Sticks with ‘Project Runway’ Star

07/08/11
Reuters

Followers of bankruptcy, reality television and moderately priced catalogue-to-Internet women’s fashion, have no fear; Spiegel is staying “fierce.”

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Feds Concede DOMA Fight in Bankruptcy Court

07/08/11

"The bankruptcy case that became one of many battlegrounds in the fight over the Defense of Marriage Act has come to an end, with the Justice Department and congressional Republicans bowing out of the fight. The latest filing leaves in...

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Dodgers Bankruptcy Judge Strikes Fan Letters From Docket as Inappropriate

07/08/11

"Los Angeles Dodgers fans can’t post anti-owner letters on the Major League Baseball team’s bankruptcy docket, a judge said, ordering them removed from the court record. The letters, obtained before the docket was swept clean, included one from Greg MacDonald...

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Should Casey Anthony File Chapter 7 Bankruptcy?

07/08/11

If I were a law school profession teaching an introductory consumer bankruptcy class I would consider the following question for a final exam: Would You Advise Casey Anthony To File Chapter 7 Bankruptcy? Assume That A Civil Jury Would Find Her Liable For Her Daughter’s Death, and Assume That Ms. Anthony Will Have Lucrative Media Related Income In The Future.

The answer to this question involves several interesting bankruptcy law issues.

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