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 […]

David Siegel: Hello, welcome.  My name is David Siegel.  Thanks for joining me.  Today were going to be talking about Chapter 7 bankruptcy.  Once again, my co-host as always is Jesse Barrientes.  Jesse, welcome to the show. Jesse Barrientes: Thank you, Dave. David Siegel: How are you doing today? Jesse Barrientes: Excellent, how about yourself?

Chapter 7 bankruptcy can be confusing for many people.  There are different scenarios where Chapter 7 comes into play to change lives.  In the latest Legal Action show, we discuss the basics of Chapter 7 and how it can be used.  A partial transcription of the show is listed below.

When Can I Refile for Chapter 7 Bankruptcy?
A common question we hear is, “I have filed for bankruptcy before. When can I refile a chapter 7 bankruptcy case?”.  The answer to this question -- for Fresno and the rest of California -- is the following:

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 […]

Student loans and tax returns go together.
The federal government originates all federal student loans. It also processes your tax return each year, handing out refund checks in cases of overpayment.
When you don’t pay your student loans and they go into default, your refund may be at risk.

By Mary Ann Gorman
In a week that first saw fast food pizza chain, Sbarro, file Chapter 11 bankruptcy, the trend continues. Yesterday, toasted-sub chain Quizno's Subs filed for Chapter 11 as well.
The company says not to worry as they have a plan in place.

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 […]