from The American Bankruptcy Institute
In what is being considered the largest municipal bankruptcy filing in U.S. history the city of Detroit seeks Chapter 9 protection. While the move was anticipated for some time by financial analysts, the city has seen a significant decline in a number of ways over the last several decades. The filing is being seen as [...]
Bringing you the most up-to-date news, tips and blogs throughout the web. Here’s your Bankruptcy Update for July 30, 2013 DMX Files For Bankruptcy Detroit bankruptcy sends tremors through China ‘Real Housewives’ Stars Indicted On Bankruptcy, Fraud And Tax Charges 
Bankruptcy exemptions play a significant role during the filing process. They help debtors obtain protection for their assets and personal property against creditors. In short, exemptions provide legal options for debtors to keep their possessions during and after bankruptcy. Chapter 7 bankruptcy exemptions help determine what you can keep, while Chapter 13 bankruptcy exemptions help [...]
Filing 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. This action may lead to bankruptcy fraud charges, hefty [...]
A California business man and an attorney were recently convicted in a multimillion dollar bankruptcy fraud and money laundering scheme that carried on for a number of years. Steven Zinnel, 49, of Gold River and attorney Derian Eidson, 49, of Yorba Linda, will both be sentenced later this year their roles in the scheme that [...]
Bringing you the most up-to-date news, tips and blogs throughout the web. Here’s your Bankruptcy Update for July 25, 2013 The Wages of Bankruptcy: Stockton’s Cautionary Tale for Detroit American Roads, Detroit Tunnel Operator, Files Bankruptcy How Bankruptcy Impacts Your Taxes
Debtors who are struggling to make payments may find Chapter 13 bankruptcy helpful for a number of reasons. For some, it helps them make their money stretch further while still being in good standing with their creditors. For others it helps them keep their property due to falling behind on payments. You get legal protection [...]
A new study confirms what many American households continue to struggle with debt from medical bills. When it comes to filing for bankruptcy such bills continue to be one of the main reasons why people seek legal protection. Besides rising medical costs, other reasons bankruptcy is commonly filed include unpaid mortgages and credit card debt. [...]
Bringing you the most up-to-date news, tips and blogs throughout the web. Here’s your Bankruptcy Update for July 23, 2013 Detroit bankruptcy raises concerns about other US cites under huge retiree debt Detroit Retirees Wonder How Bankruptcy Will Affect Benefits Mi Pueblo files for Chapter 11 bankruptcy 
Married couples may benefit from filing a joint bankruptcy petition under certain circumstances. Couples may save money during the process and gain adequate protection for assets and property between them. Yet, there are a few details to review in understanding the process and whether a joint petition is the best option. The process is similar [...]Bankruptcy News for You
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