Bankruptcy Blogs

Debts That Are Eliminated By Filing Chapter 7 Bankruptcy

06/24/11

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 [...]

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Bankruptcy is NOT for Liars, Cheats, Crooks

06/24/11

  Bankruptcy is not for liars, cheats and crooks. Debt discharge is reserved for honest, but unfortunate, debtors who need a fresh start in life. If you do not want to come clean and make a full and honest disclosure of all your financial affairs, bankruptcy is not for you. Only people who tell all [...]

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Top 5 Bankruptcy Articles of the Past Month

06/24/11

Top 5 most-downloaded bankruptcy-related articles of the past month on SSRN. 1) Directors’ Fiduciary Duties in the Zone of Insolvency and Actual Insolvency: To Whom, What, and When?, Michael R. Patrone. Analyzes the extent of corporate directors' fiduciary duty to...

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Chapter 7 Bankruptcy

06/24/11

Declaring a chapter 7 bankruptcy lets you eliminate your financial troubles through reselling the non-exempt asset and utilizing the money to repay the overdue amounts. By which you should give all non-exempt asset to the court hired trustee. Then a person may trade these assets to settle the money you owe. So as to file [...]

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The Bubbles, Busts and Bailouts Are Doomed to Repeat

06/23/11

The recent panics and crises present a striking case of recurring patterns. These include the dilemmas of governments when using taxpayers' money to offset the losses of financial firms in the name of financial stability.

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Owners of The Georgian Building in Silver Spring, Maryland File for Chapter 11 Bankruptcy Protection

06/23/11

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 [...]

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Greenbrier Takes to the Tracks

06/23/11

The white knight that rescued the Greenbrier resort from bankruptcy more than two years ago still has a few more tricks up his sleeve.

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Anna Nicole Smith May Be More Than Just the Only Loser on This One

06/23/11

Vickie Lynn Marshall, as she is known to bankruptcy mavens, or Anna Nicole Smith, as she is known to normal people, lost today in her second round before the Supreme Court.

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Update from the State Bar Business Law Section's INSOLVENCY LAW COMMITTEE

06/23/11

June 22, 2011 Dear Insolvency Law Committee Constituency List members: The following is an Ebulletin prepared on a case of interest by a member of the Insolvency Law Committee: A bill to again revise California Exemptions, introduced by Assembly Member...

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