Michigan Bankruptcy Petition Preparer to Serve Jail Time for Criminal Contempt

Section 110 of the United States Bankruptcy Code provides that a non-attorney can assist in the preparation of the bankruptcy petition. However, as an Inkster, Michigan man just learned (the hard way), the Bankruptcy Code places numerous requirements on bankruptcy petition preparers and subjects those who do not comply to substantial penalties.

Can I protect My Property And Still File Bankruptcy?

You Can Protect Most Property You can file bankruptcy and protect a certain amount of personal property. If you are filing a chapter 7 bankruptcy, then you have certain exemption amounts under Illinois law that allows you to protect a certain amount of property.

The Bankruptcy Discharge: Why It Is Important to Be Honest During Filing Procedures

TruthBeing 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 […]

Today In Bankruptcy – 02-27-2014

Today-In-Bankruptcy (1)Bringing you the most up-to-date news, tips and blogs throughout the web. Here’s your Bankruptcy Update for February 27, 2014 Twinkies bankruptcy raises specter of U.S. pension fund failures Renzi under pressure as city of Rome risks bankruptcy Detroit uses stick and carrot to sell bankruptcy plan

Oksana Grigorieva Files Chapter 13 Bankruptcy

mel-gibson-indagato-per-accuse-di-violenza-domesticaOksana 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.

Florida Homestead Protected from Creditors - a Long-Term Leasehold Interest May Qualify

On June 27, 2012, the Florida Second District Court of Appeals issued its decision in Geraci v. Ems, 93 So. 3d 384 (Fla. 2nd DCA 2012).

Former Nickelodeon Star Drake Bell Files Bankruptcy

Drake_Bell_2007Drake 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 […]

Can Bankruptcy Stop My Car From Being Repossessed?

One of the great things that chapter 13 bankruptcy can accomplish is the return of a vehicle that was repossessed. Your vehicle remains your property until such time that it is sold at auction.

Today In Bankruptcy – 02-25-2014

Today-In-Bankruptcy (1)Bringing you the most up-to-date news, tips and blogs throughout the web. Here’s your Bankruptcy Update for February 25, 2014 Quiznos Could File Bankruptcy by Monday Making Avenue Capital’s Investment Toast Lengthy bankruptcy looking more likely for Energy Future Suntech Power Holdings Files for Chapter 15 Bankruptcy Protection

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