News Topic: Chapter 7 Bankruptcy

Нашу рубрику о банкротстве сегодня ведёт адвокат Ирина Ласт, партнёр в юридической фирме “Carley & Lust, Attorneys at Law PLLC”.  Добрый день, Я хотела бы кратко рассказать о процедуре банкротства и ответить на часто задаваемые вопросы от наших ... Read full article

If you thought you are giving your clients a bargain I guess you are.  I have seen some high retainers but not $85,000 which is the retainer that Patricia Kluge and her husband paid their bankruptcy attorney.  Click on the link to the left to view the ... Read full article

Qualifying for Chapter 7 Bankruptcy: The Story of Toni Braxton In October 2010, six-time Grammy Award winner Toni Braxton filed for bankruptcy a second time. In her Chapter 7 bankruptcy petition, Braxton claimed debts of between $10 million and $50 ... Read full article

I heard that you can keep your vehicle in Chapter 13 and pay less than your vehicle’s outstanding loan balance. Is this true? In all situations filing a Chapter 13 bankruptcy petition will allow you to keep your vehicle. Even if you are behind on your ... Read full article

By: Aaron Huff Divorce filings and Bankruptcy filings often intersect.  In my years as an attorney practicing heavily in bankruptcy law, I have seen countless individuals in consultations where a divorce is an issue.  It is such a frequent occurence that I ... Read full article

I get a number of calls every month from people in despair who have no money at all and cannot afford to hire a bankruptcy attorney.  I do pro bono work in fact I do quite a bit of it, I just do not take pro bono cases that come in the front door so [...] ... Read full article

A Chapter 7 bankruptcy may provide a person inundated with debt some relief. A Chapter 7 bankruptcy gives the debtor an opportunity to liquidate certain assets in exchange for a discharge from debts owed. Creditors included in the bankruptcy will be ... Read full article

If you are experiencing serious financial difficulties in Illinois and your income is less than Illinois’ median income, then you can file a Chapter 7 bankruptcy, if you meet other minimum criteria. But if your income is greater than the State’s median ... Read full article

In some circumstances, foreclosure can be inevitable – loss of employment, changes in life circumstances, divorce – all can result in the loss of one’s home. Bankruptcy can often help protect people in tough circumstances from liability on their mortgages, ... Read full article

Soap opera star Hunter Tylo has filed for bankruptcy.  It appears she has some medical debt and from the list of creditors, for more information on her creditors see this article about Hunter Tylo’s bankruptcy.  This case shows like the other celebrity ... Read full article

In a rare filing for a charter school Tarek ibn Ziyad Academy a charter school south of Saint Paul, Minnesota, filed Chapter 7 bankruptcy.  The filing is interesting because it lists no assets at all, not a penny, no furniture, no nothing.  The school has ... Read full article

I guess this is a great year for bankruptcies, the usual mix of celebrities and corporations now includes a college that has been open for over 150 years.  All is not lost because apparently the State of Tennessee will be taking over the college and ... Read full article

You Can Keep Your Car When You File Bankruptcy Although these days riding the bus may be the more green mode of transportation, for many people driving their car is something they cannot do without and in order to be able to truly have a fresh start. Then ... Read full article

A straw buyer is a fake buyer set up to defraud the mortgage company.  If an individual cannot qualify for a loan for a particular home, due to bad credit or some other reason, it may seem like a solution to ask a relative or friend to purchase the home ... Read full article

Another sign that President Obama is running for re-election is that he now backed away from recent promises to gay rights activists not to defend DOMA the Defense of Marriage Act which reserves marriage for purposes of federal law to one man and one ... Read full article

It’s no secret that the United States economy has been driven by consumer credit card spending. Credit card companies have spent billions of dollars each year aimed at convincing us to buy on credit. More than a billion credit card offers are mailed out ... Read full article

According to the state bar, 40-50% of Arizona bankruptcy filings occur without an attorney (“pro se” in legalese).  Most individuals who file for bankruptcy are at rock bottom, and do not believe they can afford an attorney, or that it will be necessary to ... Read full article

Dismissing a Bankruptcy Case While bankruptcy has the ability to provide great relief to those facing financial difficulty, it is not always a bed of roses. There are things that can go wrong with a bankruptcy case. Many debtors learn the hard way that ... Read full article