Bringing you the most up-to-date news, tips and blogs throughout the web. Here’s your Bankruptcy Update for June 18, 2013 Orchard Files for Bankruptcy, but Lowe’s Buying Assets Mexico’s Maxcom negotiates prepackaged bankruptcy Texas Construction Firm Caught in Rare Spider’s Web

Here at Shenwick & Associates, many of our clients have complex bankruptcy cases involving factors that often lead to increased scrutiny by the Chapter 7 Bankruptcy Trustees assigned to the cases, as well as by the United States Trustee Program (USTP), a component of

Warning – this article is fairly technical. It’s an important issue if you’re thinking about filing for bankruptcy and have student loan debt, so skim it to get some ideas.
At least once a week, a client comes in to me with a lot of credit card debt and student loans they can’t pay.

Many people may not realize that planning ahead for bankruptcy may help you save money, aside from protecting your assets.  Planning ahead includes taking a number of important steps to ensure you complete the process faithfully to the best of your knowledge.  Taking time to get advice from informed professionals can help you obtain a [...]

Never got one of these on a report card so I am extremely pleased to report that our law firm has obtained an ‘A+’ rating from the Better Business Bureau for our Bankruptcy and Fair Debt Collection Practices Act work.

Credit card debt settlement can leave you owing taxes on the forgiven balance.
If you’re in debt and have only one or two credit cards that you need to clear up, you may want to look into settling your debt.

As a Virginia bankruptcy lawyer, people ask me almost every day, do I need to file bankruptcy after foreclosure? When I try to answer that question, we look at the credit reports.  Usually, the first mortgage shows “foreclosed” with a zero balance.  Does that mean you are safe?  Does that mean you don’t owe the [...]The post Do I need to file bankruptcy after foreclosure–update! appeared first on Robert Weed.

In a recent decision, the United States Supreme Court provided guidance relating to the term “defalcation” of the Bankruptcy Code under Section 523(a)(4).1 In a unanimous decision, the Supreme Court held that the term “defalcation” of the Bankruptcy Code includes a “culpable state of mind requirement involving knowledge of, or gross recklessness in respect to, the improper nature of the fiduciary behavior.” Read More ›

As victims across both Oregon and Washington can tell you, there are many forms of short term predatory lending. The defining characteristic is that in each instance a lender takes unfair advantage of a consumer’s financial situation by charging ridiculous interest rates and other unconscionable fees and charges.

Debtors often wonder what will happen to their car when they file bankruptcy.  In most cases, you get to keep your vehicle during and after your case is closed.  Even if you are behind on payments when you file you may be able to retain possession of your vehicle through exemptions offered.  The outcome of [...]