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 6th, 2014 Man Who Avoided Child Support By Faking Bankruptcy Gets 17 Years Over 1,500 stockbrokers fail to report bankruptcy, criminal records Mt. Gox’s Bankruptcy Case Will Be Unlike Any Other
In late January a federal grand jury returned a two-count indictment with charges against 63-year old Eduardo Galan of Brockport, New York, which included mail fraud and bankruptcy fraud. He is facing a maximum prison sentence of 20 years, a $250,000 fine or both. Galan’s charges stem from stealing thousands that was meant for business […]
The state of Texas, along with a few other states, may not allow creditors to garnish wages to satisfy debts, except for special circumstances such as spousal/child support, student loans and federal taxes. A wage garnishment is when a creditor receives permission from the court to withhold payment from paycheck earnings and have them forwarded […]
Real Housewives of New Jersey stars Teresa Giudice, 41 and her husband Giuseppe “Joe” Giudice, 43, may plead guilty to federal charges they are facing through a plea deal. Several media outlets have reported the couple may have a plea deal in place that could lessen their prison sentences with the possibility of millions of […]
Being honest during your bankruptcy can make the filing process easier to complete with increased chances of getting the outcome you want. For many debtors this includes discharge, eliminating or wiping out debt. You may think things are complete upon being granted a discharge of debts, but if you were not honest during proceedings your […]
Oksana Grigorieva, Mel Gibson’s ex and mother of Gibson’s child, filed Chapter 13 bankruptcy in California. Grigorieva and Gibson went through an explosive child custody war in which she was awarded hundreds of thousands of dollars. But recently she claims she has fallen on hard times and only has $10 to her name.
Drake Bell, former Nickelodeon child star, filed for Chapter 7 bankruptcy protection after accumulating hundreds of thousands of dollars in debt he claims he is unable to pay. The 26 year old actor claims to owe the Internal Revenue Service (IRS) tens of thousands of dollars while having other outstanding liabilities that over exceeds his […]Bankruptcy News for You
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