Bringing you the most up-to-date news, tips and blogs throughout the web. Here’s your Bankruptcy Update for September 19, 2013 Detroit Residents to Voice Pension Fears to Bankruptcy Judge Rapper Young Buck Fresh Out Of Bankruptcy Devonshire PGA Files Bankruptcy With Restructuring Plan  

Some debtors may get confused about the aspect of listing all debts when you file your petition.  You are required by the bankruptcy court to submit all details in relation to outstanding debts, including creditors that are owed and their outstanding balances.  But, what happens when more than one collection agency gets a hold of [...]

  In our previous post we discussed the bankruptcy petition, the Schedule A listing of real estate/property and the Schedule B listing of personal property. In this post we will discuss property exemptions (Schedule C). Under federal and state bankruptcy laws, there are categories and amounts of property that are exempt from the bankruptcy process.

A recent revision to Oregon’s mediation requirements has set off an anvalanche of requests for face-to-face meetings between lenders and borrowers with delinquent mortgages. This recent amendment to the Oregon Legislature’s Foreclosure Avoidance Mediation Program requires all lenders to meet with distressed homeowners before foreclosing on delinquent mortgages. This change has recently resulted in 500 new requests for mediation.

Tony Sutton, 46, former chairman of the Minnesota GOP has filed for Chapter 7 bankruptcy protection.  Along with his wife Bridget, the couple claims to have outstanding liabilities totaling over $2 million.

Sometimes what begins as a Chapter 13 bankruptcy ends up as a Chapter 7. Here are some reasons why.
You go into bankruptcy with a clear sense of what you want to accomplish. Whether it’s to handle a mortgage problem, taxes, or simply because you’ve got the ability to repay some of your debts, Chapter 13 can be a big win.

This is the case of Barb from Chicago, Illinois.  Barb comes to my office with medical bills, credit card bills and most importantly, a home that she really cannot afford.  She has an equity loan on her home which matures in approximately 2 years.  She is considering Chapter 7 bankruptcy to eliminate her debt but+ Read MoreThe post Bankruptcy Analysis For Barb T.

Bringing you the most up-to-date news, tips and blogs throughout the web. Here’s your Bankruptcy Update for September 17, 2012 Green company files for bankruptcy after 115M stimulus funding granted Bridge contractor files for bankruptcy KV Pharmaceutical emerges from bankruptcy  

The owner of the Catalina Corsino Italina restaurant and other eateries located in Manhattan, Jason Denton, bit off more than he could chew by opening too many restaurants leading up to bankruptcy.  His lawyer states the restaurateur opened too many eateries at a time when the economy was struggling due to the Great Recession. Denton, [...]

A Wonder Lake, Ill man admits he committed fraud when he filed bankruptcy protection in 2008. James Grossmayer, 51, was charged with bankruptcy fraud after admitting he intentionally left out details about interest he had ownership of from an annuity totaling thousands of dollars. He also admits paperwork submitted to the bankruptcy court was incorrect. Grossmayer [...]