By Mary Ann Gorman
Mt. Gox is in the hot seat as they were granted Chapter 15 bankruptcy protection by the U.S. on Monday. This move prevents traders in the U.S. from taking legal action against them for the current time, protecting their U.S. assets.

Madison did research on the bankruptcy means test.  Then she emails me for help. Hello. I have been doing some research and I believe my husband and I should file for Chapter 7 Bankruptcy but I’ve taken the means test and our income is well over what I’ve seen the limit for a three household […]The post Madison emails about the Bankruptcy Means Test appeared first on Robert Weed.

Bringing you the most up-to-date news, tips and blogs throughout the web. Here’s your Bankruptcy Update for March 11th, 2014 Sbarro pizza chain files for bankruptcy Mt Gox bitcoin exchange files US bankruptcy papers Judge Approves Edison Mission Plan to Exit Bankruptcy

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, […]

By Mary Ann Gorman
Melville, New York-based, Sbarro, has filed for Chapter 11 bankruptcy for the second time in three years. The pizza chain has struggled with debt and competition in the marketplace.

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 […]

If you lost your Oregon home in a foreclosure or gave it up in a short sale prior to 2014, there were no tax repercussions to the forgiveness of debt. Unfortunately, the exception in the tax laws that made this so has now expired.

A Mortgage Company Rep Buys Me Lunch Every week I assure five or six nervous couples that, yes, it is possible to buy a house and get a mortgage after filing bankruptcy. Current government regs say you can qualify for a mortgage and buy a house two years after a chapter 7 discharge.  (It’s three […]The post Can I get a mortgage after filing bankruptcy? appeared first on Robert Weed.

Should I Declare Bankruptcy? wants to file for bankruptcy.  I guarantee that no one wished upon a star as a young person and thought to themselves “I want to be a real estate mogul and a famous singer and…bankrupt!”  That has NEVER happened.  However, even real estate moguls and famous singers have ended up bankrupt.  […]The post How Do I Know If I Should File Bankruptcy? appeared first on Tucson Bankruptcy Attorney.