Bringing you the most up-to-date news, tips and blogs throughout the web. Here’s your Bankruptcy Update for May 07, 2013 SouthPeak Seeks to Pull Plug on TimeGate Bankruptcy New testimony in Shapiro bankruptcy case supports claims Solyndra bankruptcy scandal spills over into wind projects

Consumers have the option of filing for bankruptcy on their own, also known as “pro se,” in which you represent yourself.  You are not required by law to file bankruptcy with an attorney, but many do not understand the risk they take upon themselves when considering the process without guidance of an experienced attorney.  For instance, many [...]

The Bankruptcy Court of the Western District of Michigan recently denied a Trustee’s Motion to Sell Avoidance Actions pursuant to 11 U.S.C. 363(b).1 The Trustee’s Motion sought authority to sell potential causes of actions under Chapter 5 of the Bankruptcy Code, as the estate had limited resources to pursue the actions. The Court noted that the Sixth Circuit has not decided the issue of whether a Bankruptcy Trustee has authority to sell avoidance actions.

To my readers around the country, please keep in mind that I cannot give you legal advice. My answers here on this blog may help you think of things to talk about with YOUR LAWYER. DO NOT TRY TO BE YOUR OWN LAWYER, based on anything you read here. That would be a really bad idea.   Welcome. [...]The post Welcome to the “Reader Top Rated” Bankruptcy Blog appeared first on Robert Weed.

To my readers around the country, please keep in mind that I cannot give you legal advice. My answers here on this blog may help you think of things to talk about with YOUR LAWYER. DO NOT TRY TO BE YOUR OWN LAWYER, based on anything you read here. That would be a really bad idea.   Welcome. […]

To my readers around the country, please keep in mind that I cannot give you legal advice. My answers here on this blog may help you think of things to talk about with YOUR LAWYER. DO NOT TRY TO BE YOUR OWN LAWYER, based on anything you read here. That would be a really bad idea.   Welcome. […]

Christopher Brandon Craner, 32, of Buhl, Idaho was sentenced to two years’ probation for concealing an asset in his bankruptcy case, which included personal interest from a boat. Part of Craner’s sentence includes a two month home detention with a $400 fine. His sentence comes after being charged with bankruptcy fraud-asset concealment. Craner filed for [...]

In recent years, as credit ratings and credit report information have become so important to everyone, cleaning up the credit report has become one of the most cited motives for filing bankruptcy. Unfortunately credit reporting agencies have often moved at a snails pace when it came to correctly reflecting debts as discharged in bankruptcy rather than as past due. Thankfully in the past few years, the big three credit reporting agencies have become considerably better

Post-Petition Property Transfers
Every so often clients will ask me if they can sell, give away, deed, or transfer property after their bankruptcy is filed.  I’m glad that they ask, because the consequences for a prohibited post-petition property transfer are steep.