Articles from Allmand Law

Today In Bankruptcy – 08-20-2013

student-debt-300x200Bringing you the most up-to-date news, tips and blogs throughout the web. Here’s your Bankruptcy Update for August 20, 2013 How Changing Bankruptcy Laws For Student Loans Could Revitalize The Economy Creditors file objections to Detroit’s bankruptcy Miami Jai-Alai files for bankruptcy

Why You Should Not Be Afraid to File Bankruptcy

Bankruptcy Benefits The Average Debtor Far More Than Opponents Will AdmitThere are a number of misconceptions about bankruptcy with many consumers under the impression that filing will hurt them.  Fortunately, the process can help you and once you gain the necessary knowledge and get clarity about filing, it may improve your financial situation in more ways than one.  In short, if you are unsure about [...]

3 Points to Consider When Filing for Bankruptcy

bankruptcyDeciding to file for bankruptcy is a significant step toward improving your finances.  Whether you have decided to file Chapter 7 or Chapter 13 bankruptcy, one of the most important steps you should take includes getting to know the process and what to expect.  In this sense, it helps to make the filing process easier [...]

How to Keep Assets Legal Protected in Bankruptcy

Chapter 13 BankruptcyFiling for bankruptcy can help you keep your assets legally without having them seized by creditors to satisfy an outstanding balance or past due debt.  Yet, some who file think they need to hide or withhold information about their personal property in order to retain it.

Today In Bankruptcy – 08-15-2013

American Airlines BankruptcyBringing you the most up-to-date news, tips and blogs throughout the web. Here’s your Bankruptcy Update for August 15, 2013 Judge expresses doubts about AMR bankruptcy exit Bankruptcy, Layoffs, And Lawsuits Plague Montenegrin Aluminum Plant Soho’s files for bankruptcy, will stay open  

If I Am Being Sued by a Creditor Can Bankruptcy Get Rid of the Lawsuit?

Do I Include Assets that Belong to My Spouse When Filing Bankruptcy?Getting rid of a lawsuit in bankruptcy depends on a few factors.  One of the main factors includes determining if the liability associated with it is dischargeable.  Sometimes a debtor may receive a lawsuit or learn of being sued and ignore it.  This can turn into a default judgment giving creditors an upper hand on [...]

What is Significant about the Automatic Stay in Bankruptcy?

automatic-stayThe automatic stay is one of the reasons why bankruptcy can be a powerful tool in helping you regain control of your finances.  It is often seen as a stop sign to creditors or anyone looking to proceed with legal action against you.  Whether you are behind on paying your bills or feel repossession is [...]

Today In Bankruptcy – 08-13-2013

9293865049_37336a3172_zBringing you the most up-to-date news, tips and blogs throughout the web. Here’s your Bankruptcy Update for August 13, 2013 Electric car charging company Ecotality could file for bankruptcy German VFX Company CinePostproduction Files for Bankruptcy Rothstein bankruptcy distributes $95.8M  

Arkansas Developer Could Face 40 Years Imprisonment for Bankruptcy Fraud

handcuffs_1818414bBrandon Barber recently pled guilty to several charges including money laundering and bankruptcy fraud.  He reportedly changed his plea to guilty from not guilty when appearing in court this week for a hearing.  While other people were involved in what investigators are calling a real estate scheme, Barber plead guilty to one count of bankruptcy [...]

Potential Dangers of Filing Chapter 7 Bankruptcy on Your Own

Management behind “Day Jams” Plans to File Chapter 7 BankruptcyDebtors exploring the option of filing Chapter 7 bankruptcy on their own without an attorney, (pro se) may be in for a few surprises if they do not know what they are getting themselves into. While it is true you have the option to file on your own, it is often not advised for debtors [...]

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