from The American Bankruptcy Institute
Bringing you the most up-to-date news, tips and blogs throughout the web. Here’s your Bankruptcy Update for March 18th, 2014 Quiznos follows Sbarro to bankruptcy Ahead of bankruptcy hearing, LightSquared seeks finding against Ergen They’re out: Dodgers are dismissed from bankruptcy court
When you file bankruptcy you will take what is called the Means Test. The test helps debtors learn if they qualify to file Chapter 7 bankruptcy. It reviews the financial background of the debtor to understand monthly expenses and income availability. The test reviews whether disposable income is available and whether it can be placed […]
Lynn Y. Zoiopoulos, 58, a former Rockford physician, recently faced a federal grand jury on charges that include three counts of mail fraud and two counts of making false statements in a bankruptcy case. Ziopoulos is facing charges in relation to her bankruptcy filing in which she hid financial assets that included a financial estate […]
In many cases you can prevent eviction from moving forward if the landlord does not have a judgment for possession. In other words, if you receive an initial notice for eviction you may be able to file bankruptcy to stop the process from moving further. In some cases there may be exceptions to consider but […]
There are times in which money becomes a problem for married couples looking to end their marriage, bankruptcy at some point may be something either or both spouses are considering. Some may wonder if it is best to file for one over the other while others may want to do them both at the same […]
A federal jury in the state of Missouri recently found a woman guilty of making a false statement during a bankruptcy proceeding. Shelley R. Callahan, 49, of Clinton, Missouri also known as a serial bankruptcy filer for filing multiple petitions in a short time period, appeared in court to face a jury in relation to […]
Two founders of a now defunct Ponzi scheme that took place in Southern California were arrested earlier this month for their roles that led to their company going bankrupt while collecting hundreds of millions of dollars from banks and private investors when the scheme fell apart. Michael Stewart, 66, of Phoenix, and John Packard, 63, […]
Bankruptcy can help you eliminate back income taxes depending on your situation and qualifications. You can file Chapter 7 bankruptcy to discharge tax debt that qualifies under the bankruptcy code. If your debt does not meet these qualifications, you may consider Chapter 13 bankruptcy to help you repay what you owe based on your income […]Bankruptcy News for You
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